Solution:
Madison Company | |||
Bank Reconciliation | |||
Mar-31 | |||
Bank's Cash Balance | Company's Cash Balance | ||
Before Reconciliation | $8,603 | Before Reconciliation | $7,400 |
Add: Deposits in Transit | $2,800 | Add: Interest Earned | $59 |
Add: Amount collected by Bank ($4450+$290) | $4,740 | ||
Subtotal | $11,403 | $12,199 | |
Less: Outstanding check 545 | -$400 | Less: NSF Check | -$470 |
Less: Outstanding check 547 | -$1,400 | Less: Incorrect recording of Check 543 ($2600-$2000) | -$600 |
Less: Automatic Withdrawal for rent | -$1,450 | ||
Less: Bank Service charges (38+10+28) | -$76 | ||
After Reconciliation | $9,603 | After Reconciliation | $9,603 |
Madison Company's cash ledger reports the following for the month ending March 31, Deposits: Amount 55,600...
Madison Company's cash ledger reports the following for the month ending March 31 Deposits: $ Amount 1,800 1,180 No Checks: 541 542 Asunt $ 5,600 Date 3/4 3/11 3/18 3/25 3/26-3/31 543 3,500 2,800 $ 13,600 Cash receipts: Date 3/2 3/8 3/12 3/19 3/27 3/28 3/30 544 545 $12.00 Balance on March 1 Receipts Disbursements Balance on March 31 $ 6,200 13,600 (12,400) $ 7,480 Information from March's bank statement and company records reveals the following additional information a. The...
Madison Company's cash ledger reports the following for the month ending March 31. Date Amount No. Date Amount Deposits: 3/4 $ 1,000 Checks: 541 3/2 $ 5,500 3/11 1,700 542 3/8 900 3/18 4,000 543 3/12 2,700 3/25 3,700 544 3/19 1,300 Cash receipts: 3/26-3/31 2,100 545 3/27 300 $ 12,500 546 3/28 600 547 3/30 1,600 Balance on March 1 $ 6,400 $ 12,900 Receipts 12,500 Disbursements (12,900 ) Balance on March 31 $ 6,000 Information from March's bank...
Madison Company's cash ledger reports the following for the month ending March 31. Deposits: Date 3/4 3/11 3/18 3/25 3/26- 3/31 Amount $ 1,800 1,700 4,000 3,100 2,700 No. Checks: 541 542 543 544 Date 3/2 3/8 3/12 3/19 3/27 Amount $ 5,900 500 2,200 1,900 800 Cash receipts: 545 $ 13,300 600 546 547 3/28 3/30 1,700 $13,600 Balance on March 1 Receipts Disbursements Balance on March 31 $ 5,700 13,300 (13,600) $ 5,400 Information from March's bank statement...
149. Madison Company's cash ledger reports the following for the month ending March 31, 2012. Amount SI 200 Cheeks 1.200 800 Dute Deposits: 3/4 3/11 3/18 3/25 Cash receipts 3/26-3/31 3.700 3,400 2.100 $11.600 No. 541 542 543 544 545 546 547 Date Amount 3/2 $5.100 3/8 3/12 2.200 3/19 1.100 3/27 3/28 600 3/30 1,300 $11,300 Balance on March 1 Receipts Disbursements Balance on March 31 $ 5,400 11.600 (11,300) $ 5.700 Information from March's bank statement and company...
Madison Company's cash ledger reports the following for the month ending March 31 Deposits: Anunt $ 1,700 2,000 Date 3/4 3/11 3/11 3/25 3/26-3/31 No Checkst 561 502 543 544 545 Date 3/2 3/8 3/12 3/19 3/27 3/28 3/30 3,400 2,500 $ 13,400 Amount $ 5,480 900 2.700 1.680 300 600 1.50 $13,000 Cash receipts SE Balance on March 1 Receipts Disbursements Balance on March 31 $ 5,900 13,400 (13,000) 56,300 Information from March's bank statement and company records reveals...
Madison Company's cash ledger reports the following for the month ending March 31. 2 Deposits: No. Checks: 541 Amount $ 5,400 542 900 Date 3/4 3/11 3/18 3/25 3/26- 3/31 Date 3/2 3/8 3/12 3/19 10 points Amount $ 1,700 1,000 4,100 3,600 2,700 543 544 2,600 1,700 Cash receipts: 545 3/27 600 8 00:39:27 $ 13,100 546 547 3/28 3/30 600 2,000 $13,800 Balance on March 1 Receipts Disbursements Balance on March 31 $ 6,100 13,100 (13,800) $ 5,400...
4. flower for the 50 37. What is the purpose of the statement of cash flows? List the three major categories of cash flows and give an example of a cash transaction for each category. ny Basel Information from March's bank statement and company records reveals the following additional information: Credit a. The ending cash balance recorded in the bank statement is $6,790. b. Cash receipts of $2,100 from 3/26-3/31 are outstanding c. Checks 549 and 547 are outstanding. d....
TJ Company's cash ledger reports the following for the month ending October 31, 20XE. Deposits Date 3-Oct 10-Oct 17-Oct 24-Oct Cash receipts 10/26-10/27 No. 1151 1152 Amount $20,000 25,000 26,000 24,000 12,000 $107,000 1153 Checks Date Amount 4-Oct $15,000 6-Oct 8,000 15-Oct 24,000 16-Oct 1,200 20-Oct 3,000 22-Oct 25,000 29-Oct 8,000 $84,200 1154 1155 1156 1157 Balance on October 1 $20,000 Receipts Disbursements Balance on October 31 107,000 84,200 $42,800 Information from October's bank statement and company records reveals the...
TJ Company's cash ledger reports the following for the month ending October 31, 20XE. Deposits Date 3-Oct 10-Oct 17-Oct 24-Oct Cash receipts 10/26 - 10/27 Amount $30,000 47,500 44,000 39,500 8,000 $169,000 No. 1151 1152 1153 1154 1155 Checks Date Amount 4-Oct $20,000 6-Oct 18,000 15-Oct 42,000 16-Oct 10,000 20-Oct 2,500 22-Oct 1,700 29-Oct 32,000 $126,200 1156 1157 Balance on October 1 Receipts Disbursements Balance on October 31 $32,000 169,000 126,200 $74,800 Information from October's bank statement and company records...
Use the following to answer questions 21 - 25 TJ Company's cash ledger reports the following for the month ending October 31, 20XE. Deposits Checks Date Date Amount No Amount 115 3-Oct $30,000 4-Oct $20,000 115 10-Oct 47,500 6-Oct 18,000 115 17-Oct 44,000 3 15-Oct 42,000 115 24-Oct 39,500 16-Oct 10,000 115 Cash receipts 10/26-10/27 8.000 20-Oct 2,500 $169.00 115 1,700 115 22-Oct 29-Oct 7 32,000 $126,200 Balance on October 1 Receipts Disbursements Balance on October 31 $32,000 169,000 126,200...