The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized).
The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized).
Martin Company's bank reconciliation at the end of April showed a cash balance of $19,700. No deposits were in transit at the end of April, but a deposit was in transit at the end of May.
3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Balance in Cash Account
Homework Answers
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Balance reflected in cash account = 19,880 + Interest 140 - NSF check 300 - Service charge 70 = 19,880 + 140 - 300 - 70 = 19,650 |
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The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized).
The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized).
The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized). Martin Company's bank reconciliation at the end of April showed a cash balance of $16,100. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. 1. Prepare a bank reconciliation for May.
The following information applies to the questions displayed below.) The bookkeeper at Martin Company has asked...
The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized). Martin Company's bank reconciliation at the end of April showed a cash balance of $19,700. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. 2. Prepare any journal entries required as a result of the bank reconciliation. (If no entry is...
PA5-2 Preparing a Bank Reconciliation The bookkeeper at Martin Company has asked you to prepare a...
PA5-2 Preparing a Bank Reconciliation The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The bank statement for May 1 and the May T-account for cash showed the transactions listed below. Martin Company's bank reconciliation at the end of April showed a cash balance of $18,400. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Withdrawals Deposits $ 7,600 #...
[The following information applies to the questions displayed below.) The bookkeeper at Martin Company has asked...
[The following information applies to the questions displayed below.) The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized) balance of $19,700. No deposits were in transit at Martin Company's bank reconciliati ion at the end of April showed the end of April, nsit at the end of May. 5 Balance, May May ay Balance 19,700 27,700 16,700 & May May...
Required information [The following information applies to the questions displayed below.] The bookkeeper at Martin Co...
Required information [The following information applies to the questions displayed below.] The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized) Martin Company's bank reconciliation at the end of April showed a cash balance of $22,400. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Deposits Checks...
[The following information applies to the questions displayed below. The bookkeeper at Martin Company has asked...
[The following information applies to the questions displayed below. The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized) Martin Company's bank reconciliation at the end of April showed a cash balance of $19,700. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Deposits Checks Other Balance...
Required information (The following information applies to the questions displayed below.] The bookkeeper at Martin Company...
Required information (The following information applies to the questions displayed below.] The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized). Martin Company's bank reconciliation at the end of April showed a cash balance of $20,600. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Checks Deposits...
The bookkeeper at Jefferson Company has not reconciled the bankstatement with the Cash account, saying,...
The bookkeeper at Jefferson Company has not reconciled the bank
statement with the Cash account, saying, “I don’t have time.” You
have been asked to prepare a reconciliation and review the
procedures with the bookkeeper. The April 30, 2014, bank statement
and the April ledger accounts for cash showed the following
(summarized):BANK STATEMENTChecksDeposits Balance Balance,
April 1, 2014$32,300 Deposits during
April$37,70070,000 Interest
collected1,36071,360 Checks cleared
during April$46,20025,160 NSF check—A. B.
Wright18024,980 Bank service
charges21024,770 Balance, April 30,
201424,770Cash (A) Apr. 1
Balance25,200 Apr.
Checks written41,700 Apr.
Deposits42,100 A comparison of checks written...
Required information [The following information applies to the questions displayed below] The bookkeeper at Martin Company...
Required information [The following information applies to the questions displayed below] The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized). Martin Company's bank reconciliation at the end of April showed a cash balance of $19,200. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Checks Deposits...
Required information [The following information applies to the questions displayed below.] The bookkeeper at Martin Company...
Required information [The following information applies to the questions displayed below.] The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized). Martin Company's bank reconciliation at the end of April showed a cash balance of $22,400. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Checks Deposits...
PA5-2 Preparing a Bank Reconciliation The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The bank statement for May 1 and the May T-account for cash showed the transactions listed below. Martin Company's bank reconciliation at the end of April showed a cash balance of $18,400. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Withdrawals Deposits $ 7,600 #...
[The following information applies to the questions displayed below.) The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized) balance of $19,700. No deposits were in transit at Martin Company's bank reconciliati ion at the end of April showed the end of April, nsit at the end of May. 5 Balance, May May ay Balance 19,700 27,700 16,700 & May May...
Required information [The following information applies to the questions displayed below.] The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized) Martin Company's bank reconciliation at the end of April showed a cash balance of $22,400. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Deposits Checks...
[The following information applies to the questions displayed below. The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized) Martin Company's bank reconciliation at the end of April showed a cash balance of $19,700. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Deposits Checks Other Balance...
Required information (The following information applies to the questions displayed below.] The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized). Martin Company's bank reconciliation at the end of April showed a cash balance of $20,600. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Checks Deposits...
The bookkeeper at Jefferson Company has not reconciled the bank
statement with the Cash account, saying, “I don’t have time.” You
have been asked to prepare a reconciliation and review the
procedures with the bookkeeper. The April 30, 2014, bank statement
and the April ledger accounts for cash showed the following
(summarized):BANK STATEMENTChecksDeposits Balance Balance,
April 1, 2014$32,300 Deposits during
April$37,70070,000 Interest
collected1,36071,360 Checks cleared
during April$46,20025,160 NSF check—A. B.
Wright18024,980 Bank service
charges21024,770 Balance, April 30,
201424,770Cash (A) Apr. 1
Balance25,200 Apr.
Checks written41,700 Apr.
Deposits42,100 A comparison of checks written...
Required information [The following information applies to the questions displayed below] The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized). Martin Company's bank reconciliation at the end of April showed a cash balance of $19,200. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Checks Deposits...
Required information [The following information applies to the questions displayed below.] The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31. The May 31 bank statement and the May T-account for cash (summarized). Martin Company's bank reconciliation at the end of April showed a cash balance of $22,400. No deposits were in transit at the end of April, but a deposit was in transit at the end of May. BANK STATEMENT Checks Deposits...
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