Wright Company deposits all cash receipts on the day when they are received and it makes...
Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31. 2013. its Cash account shows a 529.500 debit
balance. The company's May 31 bank statement shows $27.800 on deposit in the bank.
a. The May 31 bank statement inoluded a $200 debit memorandum for bank services; the company has not yet recorded the cost of these services.
b. Outstanding checks as of May 31 total S6,600.
c. May 31 cash receipts of $7.200 were placed in the bank's night depository after banking hours and were not recorded on the May 31 bank statement.
d. In reviewing the bank statement, a $500 check written by Smith Company was mistakenly drawn against Wright's account.
e. A debit memorandum for S400 refers to a $400 NSF check from a customer; the company has not yet recorded this NSF check.
Prepare a bank reconciliation for the company using the above information.
Homework Answers
Add Answer to:
Wright Company deposits all cash receipts on the day when they are received and it makes...
Wright Company deposits all cash receipts on the day when they are received and it makes...
Wright Company deposits all cash receipts on the day when they are received and it makes all cash pay- ments by check. At the close of business on May 31l, 2017, its Cash account shows a $27,500 debit bal- ance. The company's May 31 bank statement shows $25, 800 on deposit in the bank. Prepare a bank reconciliation for the company using the following information. a. The May 31 bank statement lists $100 in bank service charges; the company has...
Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check.
Exercise 6-12 Bank reconciliation LO P3 Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, its Cash account shows a $27,500 debit balance. The company's May 31 bank statement shows $25,800 on deposit in the bank. a. The May 31 bank statement lists $100 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as...
could you solve this with explaining ? Wright Company deposits all cash receipts on the day...
could you solve this with explaining ?
Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2013, its Cash account shows a $30,700 debit balance. The company's May 31 bank statement shows $29,000 on deposit in the bank a. The May 31 bank statement included a $260 debit memorandum for bank services, the company has not yet recorded the cost...
Wright Company deposits all cash receipts on the day when they are received and it makes...
Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2017, its Cash account shows a $29,700 debit balance. The company’s May 31 bank statement shows $28,000 on deposit in the bank. 1.The May 31 bank statement lists $210 in bank service charges; the company has not yet recorded the cost of these services. 2.Outstanding checks as of May 31 total...
Exercise 6-12 Bank reconciliation P3 Wright Company deposits all cash receipts on the day when they...
Exercise 6-12 Bank reconciliation P3 Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, its Cash account shows a $27.500 debit balance. The company's May 31 bank statement shows $25.800 on deposit in the bank. Prepare a bank reconciliation for the company using the following information. a. The May 31 bank statement lists $100 in bank service charges the company...
Homework Question: - Abdulla Company deposits all cash receipts on the day when they are received...
Homework Question: - Abdulla Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on July 31, 2018, its Cash account shows an $25,500 debit balance. Abdulla Company's July 31 bank statement shows $21,646 on deposit in the bank. Prepare a bank reconciliation for Abdulla Company using the following information: a) The July 31 bank statement included a $90 debit memorandum for bank services b)...
Nalan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check....
Nalan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2017, its Cash account shows a $29,833 debit balance. Nolan's June 30 bank statement shows $30,002 on deposit in the bank. a. Outstanding checks as of June 30 total $2,426. b. The June 30 bank statement included a $28 debit memorandum for bank services; the company has not yet recorded the...
Nolan Company deposits all cash receipts on the day when they are received and it makes...
Nolan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2017, its Cash account shows a $24.767 debit balance. Nolan's June 30 bank statement shows $24,845 on deposit in the bank a. Outstanding checks as of June 30 total $2.468 b. The June 30 bank statement included a $27 debit memorandum for bank services, the company has not yet recorded the...
Wright Company's cash account shows a $28,500 debit balance and its bank statement shows $26,800 on...
Wright Company's cash account shows a $28,500 debit balance and its bank statement shows $26,800 on deposit at the close of business on May 31. a. The May 31 bank statement lists $150 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,100. c. May 31 cash receipts of $6,700 were placed in the bank's night depository after banking hours and were not recorded on the...
Wright Company's cash account shows a $28,700 debit balance and its bank statement shows $27,000 on...
Wright Company's cash account shows a $28,700 debit balance and its bank statement shows $27,000 on deposit at the close of business on May 31. a. The May 31 bank statement lists $160 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,200. c. May 31 cash receipts of $6,800 were placed in the bank's night depository after banking hours and were not recorded on the...
Wright Company deposits all cash receipts on the day when they are received and it makes all cash pay- ments by check. At the close of business on May 31l, 2017, its Cash account shows a $27,500 debit bal- ance. The company's May 31 bank statement shows $25, 800 on deposit in the bank. Prepare a bank reconciliation for the company using the following information. a. The May 31 bank statement lists $100 in bank service charges; the company has...
could you solve this with explaining ?
Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2013, its Cash account shows a $30,700 debit balance. The company's May 31 bank statement shows $29,000 on deposit in the bank a. The May 31 bank statement included a $260 debit memorandum for bank services, the company has not yet recorded the cost...
Exercise 6-12 Bank reconciliation P3 Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, its Cash account shows a $27.500 debit balance. The company's May 31 bank statement shows $25.800 on deposit in the bank. Prepare a bank reconciliation for the company using the following information. a. The May 31 bank statement lists $100 in bank service charges the company...
Homework Question: - Abdulla Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on July 31, 2018, its Cash account shows an $25,500 debit balance. Abdulla Company's July 31 bank statement shows $21,646 on deposit in the bank. Prepare a bank reconciliation for Abdulla Company using the following information: a) The July 31 bank statement included a $90 debit memorandum for bank services b)...
Nalan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2017, its Cash account shows a $29,833 debit balance. Nolan's June 30 bank statement shows $30,002 on deposit in the bank. a. Outstanding checks as of June 30 total $2,426. b. The June 30 bank statement included a $28 debit memorandum for bank services; the company has not yet recorded the...
Nolan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2017, its Cash account shows a $24.767 debit balance. Nolan's June 30 bank statement shows $24,845 on deposit in the bank a. Outstanding checks as of June 30 total $2.468 b. The June 30 bank statement included a $27 debit memorandum for bank services, the company has not yet recorded the...
Wright Company's cash account shows a $28,500 debit balance and its bank statement shows $26,800 on deposit at the close of business on May 31. a. The May 31 bank statement lists $150 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,100. c. May 31 cash receipts of $6,700 were placed in the bank's night depository after banking hours and were not recorded on the...
Wright Company's cash account shows a $28,700 debit balance and its bank statement shows $27,000 on deposit at the close of business on May 31. a. The May 31 bank statement lists $160 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,200. c. May 31 cash receipts of $6,800 were placed in the bank's night depository after banking hours and were not recorded on the...
Most questions answered within 3 hours.
-
1,1-dimethylcyclorohexane reacts with single bromine atom
asked 5 minutes ago -
The completed Lewis structure of CO2 contains a total
of 0,1,2,3,4,5,6,7,8 covalent bonds
and 0,1,2,3,4,5,6,7,8 lone pairs.
NOTE:...
asked 11 minutes ago -
A 0.0510 M solution of an organic acid has an
[H+] of 7.50×10-4M .
What is...
asked 8 minutes ago -
what is the profit-maximizing output condition that a
monopolistically competitive firm must satisfy? a) price charged...
asked 13 minutes ago -
Consider the set of ordered pairs shown below. Assuming that the
regression equation is y=3.513+0.429x and...
asked 34 minutes ago -
1. (A) Write two
structural (constitutional)
isomers of C4H8F2?
Please show all of
the
asked 37 minutes ago -
Objective: Practice converting a Boolean logic
expression into it’s truth table and to show the implementation...
asked 33 minutes ago -
1) Name the three holes located in the greater wing of the
sphenoid bone in order...
asked 37 minutes ago -
For the following reaction set-up, which type of hydrocarbon
product would form? 1,4-hexadiene + two Cl2...
asked 40 minutes ago -
Consider the following method that is intended to determine if
the double values d1 and d2...
asked 52 minutes ago -
could someone please post clear drawings of the three structures
in the equilibrium mixture of D-glucose...
asked 59 minutes ago -
Using the Properties of Order show that 5n5 +
4n4 + 6n3 + 2n2+ n +...
asked 1 hour ago