1. Bentley Company Bank Reconsiliation June 30
Company's Books | Amount | Amount | Bank Statement | Amount | Amount |
Ending Balance as per account | $5,600 | Ending Balance per Bank Statement | $6,060 | ||
Additions | 0 | Additions : | |||
Deductions ; | Deposit in Transit | $19,00 | $19,00 | ||
Bank Service Charges | $ 40 | $7,960 | |||
$ 40 | Deductions | ||||
Outstanding cheks | $2,400 | ||||
$2,400 | |||||
Cash Balance | $5,560 | Cash Balance |
$5,560 |
2. Journal Entry
Bank Service Expenses $ 40
Cash $ 40
3. The correct cash balance after the bank Reconciliation
$5,600 - $40 = $5,560
4. Balance Sheet (June 30 )
Current Asset ;
Cash = $5,560
Preparing Bank Reconciliation and Entries and Reporting Cash Bentley Company's June 30 bank statement and June...
Bentley Company’s June 30 bank statement and June ledger account for cash are summarized below:BANK STATEMENTChecksDepositsBalanceBalance, June 1$6,500Deposits during June$16,20022,700Checks cleared during June$16,6006,100Bank service charges406,060Balance, June 306,060Cash (A)June 1 Balance6,500 June Checks written19,000June Deposits18,100Required:1. Reconcile the bank account. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,400. A deposit of $1,900 is in transit at the end of June.2. Prepare the journal entry that should be made as a result of...
E6-27 (Algo) Preparing Bank Reconciliation and Entries and Reporting Cash L06-4 Bentley Company's June 30 bank statement and June ledger account for cash are summarized below: BANK STATEMENT Checks $15.700 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $16,650 Balance $ 7.600 23,300 6,650 6,611 6,611 39 orang June 1 Balance June Deposits pelance Cash(A) 7,600 June Cheeks written 18,100 ana Chucks written 19,50|| Required: 1. Reconcile the bank account. A comparison...
E6-28 (Algo) Preparing Bank Reconciliation and Entries and Reporting Cash L06-4 The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here. BANK STATEMENT Checks Balance, September 1 Deposits recorded during September Checks cleared during September $26,900 NSF checks-Betty Brown Bank service charges Balance, September 30 $26.550 180 Cash (A) Sept. Checks written Sept. 1 Balance Sept. Deposits 7,300 28,850 No outstanding checks and no deposits in transit were carried over from August,...
Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $17,800 $18,990 Balance $ 7,160 24,960 6,060 6,030 6,030 $30 Cash (A) June 1 June Balance Deposits Balance 7,160 18,600 6,560 19,200 Checks written June June 30 3. What is the balance in the Cash account after the reconciliation entries? Cash Balance 4....
E5-5 Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4] [The following information applies to the questions displayed below.] Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: E5-5 Part 1 Required: 1. Prepare a bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $300. Some of the checks that cleared in June were written prior to June. No deposits in transit were noted...
Required information [The following information applies to the questions displayed below) Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits $17,800 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $18,900 Other Balance $ 7,160 24,960 6,060 $30 6,038 6,830 June 1 June June 30 Balance Deposits Balance Cash (A) 7,160 18,600 19,200 Checks written 6,560 June Required: 1. Prepare a bank...
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other $17, 800 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Balance $ 7, 160 24, 960 6,060 6,030 6, 030 $18,900 $30 June 1 June Balance Bala Deposits Cash (A) 7,160 18,600 19,200 Checks written 6,560 June June 30 Balance...
Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Deposits Other Balance $ 7,160 $17,800 24,960 6,060 $30 6,30 6,030 $18,900 Cash (A) June 1 June June 30 Balance Deposits Balance 7,160 18,600 6,560 19,200 Checks written June 2. Prepare any journal entries that should be made as a result of the bank reconciliation....
Hills Company’s June 30 bank statementHills Company's June 30 bank statement and the June ledger account for cash are summarized here: Required: 1. Prepare a bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $300. Some of the checks that cleared in June were written prior to June. No depo in transit were noted in May, but a deposit is in transit at the end of June. 2. Prepare any journal entries...
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits $17,200 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Other Balance $ 7,040 24, 240 5,940 $30 5,910 5,910 $18,300 June 1 June Balance Deposits Balance Cash (A) 7,040 17,400 18,600 5,840 Checks written June June 30 Required: 1. Prepare a...