Homework Answers
| Bank Reconciliation | |||||
| Bank Statement Balance | 5570 | Book Balance | 3540 | ||
| Add: | Add: | ||||
| Deposits not recorded | 300 | 300 | Collection from Customer | 600 | |
| Interest earned | 10 | 610 | |||
| Deduct: | Deduct: | ||||
| Outstanding checks | 1800 | 1800 | Service charge | 30 | |
| NSF Check | 50 | 80 | |||
| Adjusted Bank Balance | 4070 | Adjusted Book Balance | 4070 | ||
| Errors in book are corrected in the books and omissions in bank statements are corrected in bank statements | |||||
Correct balance is $4070
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5 of 9 (5 complete) d a balance of $3,540 at October 31, 2018. Included were...
The Cash account of Reese Corporation had a balance of $3,540 at October 31, 2018. Included...
The Cash account of Reese Corporation had a balance of $3,540 at October 31, 2018. Included were outstanding checks totaling 1,800 and an October 31 deposit of $300 that did not appear on the bank statement The bank statement, which came from Tumstone State Bank, listed an October 31 balance of $5,570. Included in the bank balance was an October 30 collection of $600 on account from a customer who pays the bank directly. The bank statement also showed a...
9 Main Menu S4-11 (book/static) Assignments The Cash account of Reese Corporation had a balance of...
9 Main Menu S4-11 (book/static) Assignments The Cash account of Reese Corporation had a balance of $3.540 at October 31, 2018. Included were outstanding checks totaling $1,800 and an October 31 deposit of $300 that did not appear on the bank statement. The bank statement, which came from Turnstone State Bank, listed an October 31 balance of $5,570. Included in the bank balance was an October 30 collection of $600 on account from a customer who pays the bank directly....
The Cash account of Reitmeier Corp. reported a balance of $3,600 at October 31, 2016. Included...
The Cash account of Reitmeier Corp. reported a balance of $3,600 at October 31, 2016. Included were outstanding checks totaling $1,600 and an October 31 deposit of $400 that did not appear on the bank statement. The bank statement, which came from Tumpike State Bank, listed an October 31 balance of $5,388. Included in the bank balance was an October 30 collection of $614 on account from a customer who pays the bank directy. The bank statement also shows a...
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The Cash account of First on Call Security Systems reported a balance of $2,470 at December 31, 2018. There were outstanding checks totaling $400 and a December 31 deposit in transit of $300. The bank statement, which came from Park Cities Bank, listed the December 31 balance of $3.190. Included in the bank balance was a collection of S630 on account from Roger Adams, a First on Call customer who pays the bank directly. The bank statement also shows a...
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Mark Smith Company operates four bowling alleys. The business just received the October 31, 2018, bank...
Mark Smith Company operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $ 895. Listed on the statement are an EFT rent collection of $ 435, a service charge of $ 6, NSF checks totaling $ 45, and a $ 30 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $ 460 and a deposit in transit...
Vern Knight Corporation operates four bowling alleys. The business just received the October 31, 2018, bank statement f...
Vern Knight Corporation operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $915. Listed on the statement are an EFT rent collection of $435, a service charge of $10, checks totaling $90, and a $25 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $450 and a deposit in transit of $1,770. During October, the business recorded...
Jim Root Corporation operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $910
E7-22 Preparing a bank reconciliation Jim Root Corporation operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $910. Listed on the statement are an EFT rent collection of $440, a service charge of $7, NSF checks totaling $50, and a $23 charge for printed checks. In reviewing the cash records, the business identified outstanding checks total- ing $440 and a deposit in transit of...
Harry Carter Corporation operates four bowling alleys. The business just received the October 31, 2018, bank...
Harry Carter Corporation operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $890. Listed on the statement are an EFT rent collection of $415, a service charge of $9, NSF checks totaling $65, and a $26 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $460 and a deposit in transit of $1,765. During October, the business...
The Cash account of Reese Corporation had a balance of $3,540 at October 31, 2018. Included were outstanding checks totaling 1,800 and an October 31 deposit of $300 that did not appear on the bank statement The bank statement, which came from Tumstone State Bank, listed an October 31 balance of $5,570. Included in the bank balance was an October 30 collection of $600 on account from a customer who pays the bank directly. The bank statement also showed a...
9 Main Menu S4-11 (book/static) Assignments The Cash account of Reese Corporation had a balance of $3.540 at October 31, 2018. Included were outstanding checks totaling $1,800 and an October 31 deposit of $300 that did not appear on the bank statement. The bank statement, which came from Turnstone State Bank, listed an October 31 balance of $5,570. Included in the bank balance was an October 30 collection of $600 on account from a customer who pays the bank directly....
The Cash account of Reitmeier Corp. reported a balance of $3,600 at October 31, 2016. Included were outstanding checks totaling $1,600 and an October 31 deposit of $400 that did not appear on the bank statement. The bank statement, which came from Tumpike State Bank, listed an October 31 balance of $5,388. Included in the bank balance was an October 30 collection of $614 on account from a customer who pays the bank directy. The bank statement also shows a...
The Cash account of First on Call Security Systems reported a balance of $2,470 at December 31, 2018. There were outstanding checks totaling $400 and a December 31 deposit in transit of $300. The bank statement, which came from Park Cities Bank, listed the December 31 balance of $3.190. Included in the bank balance was a collection of S630 on account from Roger Adams, a First on Call customer who pays the bank directly. The bank statement also shows a...
October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance wing the cash records, the business identified outstanding checks totaling $455 and a deposit in transito 31 balance of $2,122 conciliation 0 Requirements 1. Prepare the bank reconciliation at October 31. 2. Journalize any transactions required from the bank reconciliation Print Done k Check Answer Clear All care 5 checks Expense and creang Cuthor , 30 dage for these The business Cashcourt shows in...
The Cash account of Safety First Security Systems reported a balance of $2,440 at December 31, 2018. There were outstanding checks totaling $900 and a December 31 deposit in transit of $300. The bank statement, which came from Tri Cities Bank, listed the December 31 balance of $3,660. Included in the bank balance was a collection of $630 on account from Kelly Brooks, a Safety First customer who pays the bank directly. The bank statement also shows a $30 service...
Vern Knight Corporation operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $915. Listed on the statement are an EFT rent collection of $435, a service charge of $10, checks totaling $90, and a $25 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $450 and a deposit in transit of $1,770. During October, the business recorded...
Harry Carter Corporation operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $890. Listed on the statement are an EFT rent collection of $415, a service charge of $9, NSF checks totaling $65, and a $26 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $460 and a deposit in transit of $1,765. During October, the business...
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