Homework Answers
| Book Balance | 16,640 |
| Note collection by bank | 3,400 |
| 20,040 | |
| NSF check | -1,650 |
| Bank service charge | -60 |
| Adjusted Book Balance | $18,330 |
Adjusted Book Balance is $18,330
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MC Qu. 9-38 A firm's bank reconciliation statement shows a... Afirm's bank reconciliation statement shows a...
A firm's bank reconciliation statement shows a book balance of $16.920, an NSF check of $950,...
A firm's bank reconciliation statement shows a book balance of $16.920, an NSF check of $950, and a service charge of $75. Its adjusted book balance is: $15,895 $17795 $17.945
MC Qu. 9-65 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation St...
MC Qu. 9-65 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear 25 points SXX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $xx Adjusted Book Balance of Cash $XX A service charge charged by the bank
1. What is the purpose of a Bank Reconciliation Statement? 2.Preparing a bank Reconciliation Statement: •The...
1. What is the purpose of a Bank Reconciliation Statement? 2.Preparing a bank Reconciliation Statement: •The July 31 bank statement for Parkview Company indicated a cash balance of $5,000.17. •The cash ledger account on that date shows a balance of $4,262.83. •Four outstanding checks totaled $717.75. •A $410.90 deposit made after banking hours on July 31 does not appear in the bank statement. •On July 30, the bank returned J.B. Ball’s NSF check for $50.25, received as payment of an...
MC Qu. 9-63 Indicate in which section of the Bank Reconc... Indicate in which section of...
MC Qu. 9-63 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear. $XX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $XX Adjusted Book Balance of Cash $XX A canceled check for $147 erroneously listed on bank statement as $74.
6- Given the following, prepare a bank reconciliation for May 31: The bank statement shows an...
6- Given the following, prepare a bank reconciliation for May 31: The bank statement shows an ending balance for May of $1190 Our general ledger balance shows an ending balance for May of $154 On 5/31 we recorded a deposit for $350 that doesn't show on the bank statement. The bank statement deducted $210 (the amount of our customer's check which bounced). We mistakenly deducted $196 for check #701, it correctly cleared the bank for $140 We deducted $595 of...
The bank statement balance is $ 4 800 and shows a service charge of $ 14,...
The
bank statement balance is $ 4 800 and shows a service charge of $
14, interest earned of $ 6, and an NSF cheque for $ 400. Deposits
in transit total $ 1100; outstanding cheques are $ 575. The
bookkeeper recorded as $ 160 a cheque of $ 138 in payment of an
account payable.
The bank statement balance is $4,800 and shows a service charge of $14, interest earned of $6, and an NSF cheque for $400. Deposits...
MC Qu. 9-46 A check for $2,560 to pay a vendor... A check for $2,560 to...
MC Qu. 9-46 A check for $2,560 to pay a vendor... A check for $2,560 to pay a vendor on account was recorded in the firm's records as $2,650, the canceled check was properly listed on the bank statement at $2.560. To arrive at an accurate balance on a bank reconciliation statement Multiple Choice add $90 to the book balance deducted $2.560 from the book balance deducted $90 from the bank statement balance OOO $2650 to the bank statement balance
The bank statement balance is $5,000 and shows a service charge of $26, interest earned of...
The bank statement balance is $5,000 and shows a service charge of $26, interest earned of $4, and an NSF cheque for $240. Deposits in transit total $1,700; outstanding cheques are $410. The bookkeeper recorded as $155 a cheque of $120 in payment of an account payable. (1) What is the adjusted bank balance? (2) What was the book balance of cash before the reconciliation? (1) What is the adjusted bank balance? The adjusted bank balance is $0 (2) What...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following inf...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.) The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017 a. On July 31, the company's Cash account has a $25,644 debit balance, but its July bank statement shows a $28,407 cash balance. b. Check No. 3031 for $1,690 and Check No. 3040 for...
* M Reader MC Qu. 9-50 To arrive at an accurate balance on a bank... To...
* M Reader MC Qu. 9-50 To arrive at an accurate balance on a bank... To arrive at an accurate balance on a bank reconciliation statement, an error made by the bank in which the bank deducted a check issued by another business pany's bank account should Multiple Choice Ο added to the book balance Ο added to the bank statement balance Ο deducted from the bank man b e Ο deducted from the book balance < Prey 7 0...
A firm's bank reconciliation statement shows a book balance of $16.920, an NSF check of $950, and a service charge of $75. Its adjusted book balance is: $15,895 $17795 $17.945
MC Qu. 9-65 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear 25 points SXX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $xx Adjusted Book Balance of Cash $XX A service charge charged by the bank
MC Qu. 9-63 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear. $XX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $XX Adjusted Book Balance of Cash $XX A canceled check for $147 erroneously listed on bank statement as $74.
6- Given the following, prepare a bank reconciliation for May 31: The bank statement shows an ending balance for May of $1190 Our general ledger balance shows an ending balance for May of $154 On 5/31 we recorded a deposit for $350 that doesn't show on the bank statement. The bank statement deducted $210 (the amount of our customer's check which bounced). We mistakenly deducted $196 for check #701, it correctly cleared the bank for $140 We deducted $595 of...
The
bank statement balance is $ 4 800 and shows a service charge of $
14, interest earned of $ 6, and an NSF cheque for $ 400. Deposits
in transit total $ 1100; outstanding cheques are $ 575. The
bookkeeper recorded as $ 160 a cheque of $ 138 in payment of an
account payable.
The bank statement balance is $4,800 and shows a service charge of $14, interest earned of $6, and an NSF cheque for $400. Deposits...
MC Qu. 9-46 A check for $2,560 to pay a vendor... A check for $2,560 to pay a vendor on account was recorded in the firm's records as $2,650, the canceled check was properly listed on the bank statement at $2.560. To arrive at an accurate balance on a bank reconciliation statement Multiple Choice add $90 to the book balance deducted $2.560 from the book balance deducted $90 from the bank statement balance OOO $2650 to the bank statement balance
The bank statement balance is $5,000 and shows a service charge of $26, interest earned of $4, and an NSF cheque for $240. Deposits in transit total $1,700; outstanding cheques are $410. The bookkeeper recorded as $155 a cheque of $120 in payment of an account payable. (1) What is the adjusted bank balance? (2) What was the book balance of cash before the reconciliation? (1) What is the adjusted bank balance? The adjusted bank balance is $0 (2) What...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.) The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017 a. On July 31, the company's Cash account has a $25,644 debit balance, but its July bank statement shows a $28,407 cash balance. b. Check No. 3031 for $1,690 and Check No. 3040 for...
* M Reader MC Qu. 9-50 To arrive at an accurate balance on a bank... To arrive at an accurate balance on a bank reconciliation statement, an error made by the bank in which the bank deducted a check issued by another business pany's bank account should Multiple Choice Ο added to the book balance Ο added to the bank statement balance Ο deducted from the bank man b e Ο deducted from the book balance < Prey 7 0...
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