Homework Answers
| bellows book balance | 28,750 |
| interest earned on checking account | 77 |
| transposition error (730-370) | 360 |
| less: customer's NSF check returned by the bank | 332 |
| adjusted cash balance | $28,855. |
Outstanding checks worth $900 can be ignored for this calculation.
Add Answer to:
eBook Calculator Cornerstone Exercise 4-17 (Algorithmic) Bank Reconciliation The accountant for Bellows Corp. was preparing a...
Cornerstone Exercise 4-17 Bank Reconciliation The accountant for Bellows Corp. was preparing a bank reconciliation as...
Cornerstone Exercise 4-17 Bank Reconciliation The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified Bellows' book balance $28,750 900 Outstanding checks Interest earned on checking account Customer's NSF check returned by the hank 380 In addition, Bellows made an error in recording a customer's check the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730 Required: What amount will Bellows report as its...
Cornerstone Exercise 4-17 (Algorithmic) Bank Reconciliation The accountant for Bellows Corp. was preparing a bank reconciliation...
Cornerstone Exercise 4-17 (Algorithmic) Bank Reconciliation The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified: Bellows' book balance $28,750 Outstanding checks 900 Interest earned on checking account 83 Customer's NSF check returned by the bank 374 In addition, Bellows made an error in recording a customer's check; the amount was recorded in cash receipts as $370, the bank recorded the amount correctly as $730. Required: What amount will Bellows report...
Cornerstone Exercise 4-20 Bank Reconciliation Tiny Corp. prepares monthly bank reconciliations of its checking account balance....
Cornerstone Exercise 4-20 Bank Reconciliation Tiny Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement indicated the following: Balance, beginning of the month $15,640 Service charge for October Interest earned during October 80 NSF check from Green Corp. (deposited by Tiny) for goods 615 purchased on account Note ($2,500) and interest ($75) collected for Tiny from a 2,575 customer An analysis of canceled checks and deposits and the records of Tiny revealed the following items: Checking...
Exercise 4-44 (Algorithmic) Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of...
Exercise 4-44 (Algorithmic) Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of $21,676, whereas Johnson's cash account shows a balance of $21,220 on October 31. The following additional information is available: A $755 deposit made on October 31 was not recorded by the bank until November. At the end of October, outstanding checks total $1,222. The bank statement shows bank service charges of $125 not yet recorded by the company. The company erroneously recorded as $973...
Exercise 4-44 (Algorithmic) Bank Reconciliation
Exercise 4-44 (Algorithmic)Bank ReconciliationJohnson Corporation's bank statement for October reports an ending balance of $19,099, whereas Johnson's cash account shows a balance of $18,763 on October 31. The following additional information is available:A $875 deposit made on October 31 was not recorded by the bank until November.At the end of October, outstanding checks total $1,222.The bank statement shows bank service charges of $125 not yet recorded by the company.The company erroneously recorded as $973 a check that it had actually...
In anticipation of preparing the July bank reconciliation, the accountant gathered the following information: Bank statement...
In anticipation of preparing the July bank reconciliation, the accountant gathered the following information: Bank statement balance $4,300 Deposit in transit 500 Outstanding checks 300 Bank service charges 10 Customer's NSF check returned by the bank 50 What is the company's adjusted cash balance at July 31st? $4,300 $4,050 $4,140 $4,500
Prepare a bank reconciliation. 21 seharbor Food Store used the following information in recording its bank...
Prepare a bank reconciliation.
21 seharbor Food Store used the following information in recording its bank reconciliation to recording its bank reconciliation for the month of April. Balance per books April 30, 2019: $ 1,810 Balance per bank statement April 30, 2019: 22,600 (1) Checks written in April but still outstanding $21,200. (2) Deposits of April 30 not yet recorded by bank $8,800. (3) NSF check of customer returned by bank $ 1.000. (4) Cash receipts from customers in the...
bank reconciliation Bank Reconciliation The following information is available to assist you in preparing a bank...
bank reconciliation
Bank Reconciliation The following information is available to assist you in preparing a bank reconciliation for Burgoon Enterprises on May 31: a. The balance on the May 31 bank statement is $8,432.11. b. Not included on the bank statement is a $1,250 deposit made by Burgoon Enterprises late on May 31. c. A comparison between the canceled checks returned with the bank statement and the company records indicated that the following checks are outstanding at May 31: No....
PRO m 6-1 Bank Reconciliation information is available to assist you in preparing a bank reconciliation...
PRO m 6-1 Bank Reconciliation information is available to assist you in preparing a bank reconciliation for Calico The following Corners on May 31 LO2 on the May 31 bank statement is $8,432.11 included on the bank statement is a $1,250 deposit made by Calico Corners late on May 31 son between the canceled checks returned with the bank statement and the comm records indicated that the following checks are outstanding at May 31 pany No. 123 No. 127 No....
bank reconcialiation invokersassignments takeAssignmentes Locator eBook m enta progresse Calculator Bank Reconciliation The following information is...
bank reconcialiation
invokersassignments takeAssignmentes Locator eBook m enta progresse Calculator Bank Reconciliation The following information is available to assist you in preparing a bank reconciliation for Burgoon Enterprises on May 311 a. The balance on the May 31 bank statement is 58,432.11. b. Not included on the bank statement is a $1,250 deposit made by Burgoon Enterprises late on May 31. C. A comparison between the canceled checks returned with the bank statement and the company records indicated that checks...
Cornerstone Exercise 4-17 Bank Reconciliation The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified Bellows' book balance $28,750 900 Outstanding checks Interest earned on checking account Customer's NSF check returned by the hank 380 In addition, Bellows made an error in recording a customer's check the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730 Required: What amount will Bellows report as its...
Cornerstone Exercise 4-17 (Algorithmic) Bank Reconciliation The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified: Bellows' book balance $28,750 Outstanding checks 900 Interest earned on checking account 83 Customer's NSF check returned by the bank 374 In addition, Bellows made an error in recording a customer's check; the amount was recorded in cash receipts as $370, the bank recorded the amount correctly as $730. Required: What amount will Bellows report...
Cornerstone Exercise 4-20 Bank Reconciliation Tiny Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement indicated the following: Balance, beginning of the month $15,640 Service charge for October Interest earned during October 80 NSF check from Green Corp. (deposited by Tiny) for goods 615 purchased on account Note ($2,500) and interest ($75) collected for Tiny from a 2,575 customer An analysis of canceled checks and deposits and the records of Tiny revealed the following items: Checking...
Prepare a bank reconciliation.
21 seharbor Food Store used the following information in recording its bank reconciliation to recording its bank reconciliation for the month of April. Balance per books April 30, 2019: $ 1,810 Balance per bank statement April 30, 2019: 22,600 (1) Checks written in April but still outstanding $21,200. (2) Deposits of April 30 not yet recorded by bank $8,800. (3) NSF check of customer returned by bank $ 1.000. (4) Cash receipts from customers in the...
bank reconciliation
Bank Reconciliation The following information is available to assist you in preparing a bank reconciliation for Burgoon Enterprises on May 31: a. The balance on the May 31 bank statement is $8,432.11. b. Not included on the bank statement is a $1,250 deposit made by Burgoon Enterprises late on May 31. c. A comparison between the canceled checks returned with the bank statement and the company records indicated that the following checks are outstanding at May 31: No....
PRO m 6-1 Bank Reconciliation information is available to assist you in preparing a bank reconciliation for Calico The following Corners on May 31 LO2 on the May 31 bank statement is $8,432.11 included on the bank statement is a $1,250 deposit made by Calico Corners late on May 31 son between the canceled checks returned with the bank statement and the comm records indicated that the following checks are outstanding at May 31 pany No. 123 No. 127 No....
bank reconcialiation
invokersassignments takeAssignmentes Locator eBook m enta progresse Calculator Bank Reconciliation The following information is available to assist you in preparing a bank reconciliation for Burgoon Enterprises on May 311 a. The balance on the May 31 bank statement is 58,432.11. b. Not included on the bank statement is a $1,250 deposit made by Burgoon Enterprises late on May 31. C. A comparison between the canceled checks returned with the bank statement and the company records indicated that checks...
Most questions answered within 3 hours.
-
You have been married to your spouse for 10 years. You have two
small children (ages...
asked 1 hour ago -
Spiderman makes a leap from one building to
another. He starts on one building that is...
asked 1 hour ago -
A
symbol is something that stands for something else. What are the
symbols in education?what are...
asked 1 hour ago -
The charge to the left in the figure above has a
magnitude of 2.90 nC, and...
asked 2 hours ago -
Verify the MIRR is 9.29% given cash flows in years 1 and 2 of
$1,000 each,...
asked 3 hours ago -
Calculate the pH of a 5.7 M solution of aniline (C6H5NH2; Kb =
3.8 x 10^-10)
asked 5 hours ago -
LSL R3, R3, R12
Memory
Address
Orig.
Data
Updated
Data
Register
Orig.
Data
Updated
Data
0x84F0...
asked 5 hours ago -
Air at 100 kPa and density of 1.2 kg/m3 flows upward through a
5-cm diameter inclined...
asked 5 hours ago -
Define the following concepts in your own words: (a) stiffness,
(b) strength, (c) strain,
(d) ductility,...
asked 6 hours ago -
In C++
In this homework, you will be tasked with creating functions to
manipulate strings that...
asked 7 hours ago -
An isolated colony represents a pure culture. one rare occasions
, however , a colony can...
asked 7 hours ago -
*****DO NOT ANSWER THIS QUESTION IF YOU DON'T
KNOW*******Rights and Duties of Auditors; Minimum 4000
words...
asked 8 hours ago