OSCAR'S RED CARPET STORE | |||
Bank Reconciliation | |||
February 28, 2021 | |||
Bank's Cash Balance | Company's Cash Balance | ||
Per Bank Statement | 13145 | Per general ledger | 8100 |
Deposits outstanding | 1600 | Company error | -300 |
Checks outstanding | -2100 | EFT for rent | -1100 |
Interest on account | 20 | ||
Interest on note | 250 | ||
Note collected | 6000 | ||
NSF check | -200 | ||
Service fees | -125 | ||
Bank balance per reconciliation | 12645 | Company balance per reconciliation | 12645 |
Required information Problem 4-2A Prepare the bank reconciliation and record cash adjustments (L04-5) The following information...
Required information Problem 4-2A Prepare the bank reconciliation and record cash adjustments (L04-5) The following information applies to the questions displayed below Oscar's Red Carpet Store maintains a checking account with Academy Bank Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021 Date Amount So. Date Mount Deposits 2/4 $ 2,700 Checks: 321 2/2 $4,700 2/11 2.300 322 2/8 2/18...
hey Required: 1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2021. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) Answer is not complete. OSCAR'S RED CARPET STORE Bank Reconciliation February 28, 2021 Bank's Cash Balance Company's Cash Balance Per bank statement $ 11,770 Per general ledger Deposits outstanding 1,500 Company error Checks outstanding 2,000 % $ 7,150 (650) Bank balance...
Required information [The following information applies to the questions displayed below] Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021 Date Amount No. 321 322 Date 2/2 2/8 2/12 Amount Deposits: $ 1,800 Checks: 1,400 2,300 2/4 $3.800 650 1,600 1,300 2/11 2/18 2/25 2/26-2/28 323 324 3,200 2/19...
Required information The following information applies to the questions displayed below.) Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021. Deposits: Date 2/4 2/11 2/18 2/25 2/26-2/28 Amount $ 2,150 Checks: 1,750 2,650 3,550 1,050 $ 11,150 No. 321 322 323 324 325 326 327 Date 2/2 2/8 2/12...
Part 2: Record the necessary cash adjustments Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021. Deposits: Date 2/4 2/11 2/18 2/25 2/26-2/28 Amount $ 2,300 Checks: 1,900 2,800 3,700 1,200 $ 11,900 No. 321 322 323 324 325 Date 2/2 2/8 2/12 2/19 2/27 2/28 2/28 Amount $...
Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021. Deposits: Date 2/4 2/11 2/18 2/25 2/26-2/28 Amount $ 2,450 Checks: 2,050 2,950 3,850 1,350 $ 12,650 No. 321 322 323 324 325 326 327 Date 2/2 2/8 2/12 2/19 2/27 2/28 2/28 Amount $ 4,450 400 2,250 1,950 200...
Check my Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021. Deposits: Date 2/4 2/11 2/18 2/25 2/26-2/28 Amount $ 1,900 Checks: 1,500 2,400 3,300 800 $ 9,900 No. 321 322 323 324 325 326 327 Date 2/2 2/8 2/12 2/19 2/27 2/28 2/28 Amount $3,900 550 1,700 1,400...
Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021 No. Deposits: Date 2/4 2/11 2/18 2/25 2/26-2/28 Amount $ 1,950 Checks: 1.550 2.450 3.350 Amount $3,950 400 1,750 Date 321 2/2 322 2/8 3232/12 324 2/19 325 2/27 326 2/28 327 2/28 1.45e Cash receipts: 850 200 780 $10,150...
Oscar’s Red Carpet Store maintains a checking account with Academy Bank. Oscar’s sells carpet each day but makes bank deposits only once per week. The following provides information from the company’s cash ledger for the month ending February 28, 2018. Information from February's bank statement and company records reveals the following additional information: a. The ending cash balance recorded in the bank statement is $13,145. b. Cash receipts of $1,600 from 2/26-2/28 are outstanding. c. Checks 325 and 327...
The following information applies to the questions displayed below.) Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021. Amount 4,250 Deposits: 2 550 Date 2/4 2/11 2/18 2/25 2/26-2/28 Amount $ 2,250 Checks: 1,850 2,750 3.650 1,150 $ 11.650 No. 321 322 323 324 325 326 327 Date /2...