Cash balance on oct 1 | 30,356 | |||||||
Add:total cash deposited | 141,460 | |||||||
less:total checks written | -137,652 | |||||||
Cash balance on oct 31 | 34,164 | |||||||
Bank Reconciliation | ||||||||
Cash balance according to bank statement | 43,000 | |||||||
Adjustments: | ||||||||
Deposits of Oct 31,not recorded by bank | 1,779 | |||||||
Bank error in charging check as $740 instead of $470 | 270 | |||||||
outstanding checks | 6,515 | |||||||
total adjustments | -4,466 | |||||||
Adjusted balance | 38,534 | |||||||
cash balance according to company's records | 34,164 | |||||||
proceeds of note collected by bank ,including $275 interest | 5,775 | |||||||
Bank service charges | 29 | |||||||
checks returned due to insuffiecient funds | 1376 | |||||||
Error in recording check | 180 | |||||||
total adjustments | 4,190 | |||||||
Adjusted balance | 38,354 | |||||||
Entries that increase cash | ||||||||
Account titles & explanations | debit | Credit | ||||||
cash | 5,775 | |||||||
note receivable | 5,500 | |||||||
interest income | 275 | |||||||
Accounts payable-Rack pro co | 180 | |||||||
Accounts recievable -bay view condos | 1376 | |||||||
bank service charges/misc expense | 29 | |||||||
cash | 1585 | |||||||
3) | amount to be reported as cash | 38,354 | ||||||
The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $30,356....
The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $32,527. During October, the total cash deposited was $139,121, and checks written totaled $135,890. The bank statement indicated a balance of $43,660 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $6,625. b. A deposit of $1,888 representing receipts of October 31, had been made too late...
The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $5,140. During October, the total cash deposited was $39,175, and checks written totaled $40,520. The bank statement indicated a balance of $8,980 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $5,560. b. A deposit of $1,050 representing receipts of October 31, had been made too late...
PlEASE FILL OUT WHAT WAS GIVEN The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $32,527. During October, the total cash deposited was $139,121, and checks written totaled $135,890. The bank statement indicated a balance of $43,660 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $6,625. b. A deposit of $1,888 representing receipts of October...
The cash account for Brentwood Bike Co. at May 1 indicated a balance of $34,250. During May, the total cash deposited was $140,300, and checks written totaled $138,880. The bank statement indicated a balance of $43,525 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: A. Checks outstanding totaled $6,440. B. A deposit of $1,850 representing receipts of May 31, had been made too late to appear...
The cash account for Brentwood Bike Co. at May 1 indicated a balance of $13,350. During May, the total cash deposited was $66,800 and checks written totaled $62,020. The bank statement indicated a balance of $22,650 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: Checks outstanding totaled $10,090. A deposit of $8,220, representing receipts of May 31, had been made too late to appear on the...
Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $13,960. During May, the total cash deposited was $70,250 and checks written totaled $65,230. The bank statement indicated a balance of $23,810 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: A. Checks outstanding totaled $10,610. B. A deposit of $8,640, representing receipts of May 31, had been made...
Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $13,630. During May, the total cash deposited was $67,810 and checks written totaled $62,960. The bank statement indicated a balance of $22,990 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $10,240. b. A deposit of $8,340, representing receipts of May 31, had been made...
Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $14,640. During May, the total cash deposited was $73,260 and checks written totaled $68,020. The bank statement indicated a balance of $24,840 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: Checks outstanding totaled $11,060. A deposit of $9,010, representing receipts of May 31, had been made too late...
Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $12,830. During May, the total cash deposited was $ 64,640 and checks written totaled $60,020. The bank statement indicated a balance of $21,910 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $9,760. b. A deposit of $7,950, representing receipts of May 31, had been...
please help, instructions are in second picture Print lem Bank.reconciliation and entries Chart of Accounts Amount Descriptions Bank Reconciliation Journal Instructions The cash account for Coastal Bke Co at October 1, 20Y9 indicated a balance of $5,140 Dunng October, the total cash deposbed was $39 175 and checks wrthen totaled $40.520 The bank statement indicated a balance of $8,980 on October 31, 20Y9 Comparing the tank statoment, the canceled checks, and the accompanying memos with the records revealed the following...