Please show work if necessary :)
Homework Answers
| Bank reconciliation | ||
| July 31 | ||
| Cash balance per Bank statement | 900 | |
| Add: Deposits in transit | 810 | |
| 1710 | ||
| Less: Outstanding checks | 500 | |
| Adjusted cash balance per bank | 1210 | |
| Cash balance per books | 420 | |
| Add: Collection of note receivable and interest | 1269 | |
| 1689 | ||
| Less: | ||
| Bank service charges | 39 | |
| NSF check | 440 | |
| 479 | ||
| Adjusted Cash balance per books | 1210 |
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Exercise 218 (Part Level Submission) The bank statement for Sandhill...
Please show all work. Options for fill in the blank are attached. Only other options that aren't shown are "add" and "le...
Please show all work. Options
for fill in the blank are attached. Only other options that aren't
shown are "add" and "less"
NEXT Exercise 218 (Part Level Submission) The bank statement for Sandhill Company indicates a balance of $900 on July 31. The cash balance per books had a balance of $420 on this date. The following Information pertains to the bank transactions for the company. Deposit of $810, representing cash receipts of July 31, did not appear on the...
CALCULATOR PRINTER VERSION BACK Problem 7-04A a-b (Part Level Submission) (Video) On July 31, 2020, Blossom...
CALCULATOR PRINTER VERSION BACK Problem 7-04A a-b (Part Level Submission) (Video) On July 31, 2020, Blossom Company had a cash balance per books of $6,350.00. The statement from Dakota State Bank on that date showed a balance of $7,900.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $17.00 2. The bank collected $1,625 for Blossom Company through electronic funds transfer 3. The July 31 receipts of...
The cash records of Sandhill Company show the following. For July: 1. The June 30 bank...
The cash records of Sandhill Company show the following. For July: 1. The June 30 bank reconciliation indicated that deposits in transit total $800. During July, the general ledger account Cash shows deposits of $17,600, but the bank statement indicates that only $15,920 in deposits were received during the month. 2. The June 30 bank reconciliation also reported outstanding checks of $960. During the month of July, Sandhill Company books show that $19,230 of checks were issued, yet the bank...
Exercise 8-11 a-b (Part Level Submission) (Video) The following information pertains to Swifty Video Company 1....
Exercise 8-11 a-b (Part Level Submission) (Video) The following information pertains to Swifty Video Company 1. Cash balance per bank, July 31, $8,003. 2. July bank service charge not recorded by the depositor $36. 3. Cash balance per books, July 31, $8,024. 4. Deposits in transit, July 31, $1,870. 5. Bank collected $1,270 note for Swifty in July, plus interest $44. less fee $28. The collection has not been recorded by Swifty, and no interest has been accrued. 6. Outstanding...
The bank statement for Adcock Company indicates a balance of $830 on July 31. The cash balance per books had a balance of $390 on this date.
Exercise 219 The bank statement for Adcock Company indicates a balance of $830 on July 31. The cash balance per books had a balance of $390 on this date. The following information pertains to the bank transactions for the company. 1. Deposit of $840, representing cash receipts of July 31, did not appear on the bank statement. 2. Outstanding checks totaled $390. 3. Bank service charges for June amounted to $30. 4. The bank collected a note receivable for the company for $1,200 plus $48 interest...
Problem 13-1A (Part Level Submission) Here are comparative statement data for Sandhill Company and Carla Vista...
Problem 13-1A (Part Level Submission) Here are comparative statement data for Sandhill Company and Carla Vista Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016. Sandhill Company Carla Vista Company 2017 2016 2017 2016 Net sales $1,889,000 $578,000 Cost of goods sold 1,074,000 284,000 Operating expenses 270,000 92,000 Interest expense 6,900 3,500 Income tax expense 65,800 29,000 Current assets 590,015 $565,462 150,838 $ 143,835 Plant assets (net) 953,508 905,000 252,908 227,720 Current...
Exercise 7-8 (Part Level Submission) The following information pertains to Joyce Company. 1. Cash balance per...
Exercise 7-8 (Part Level Submission) The following information pertains to Joyce Company. 1. Cash balance per bank, July 31, $7,925. 2. July bank service charge not recorded by the depositor $52. 3. Cash balance per books, July 31, $7,961. 4. Deposits in transit, July 31, $3,297. 5. Note for $2,597 collected for Joyce Company in July by the bank, plus interest $50 less fee $34. The collection has not been recorded by Joyce Company, and no interest has been accrued....
Exercise 8-11 a-b (Part Level Submission) (Video) The following information pertains to Sheffield Video Company 1....
Exercise 8-11 a-b (Part Level Submission) (Video) The following information pertains to Sheffield Video Company 1. Cash balance per bank, July 31, $7,723 2. July bank service charge not recorded by the depositor $34. 3. Cash balance per books, July 31, $7,744 4. Deposits in transit, July 31, $1,730. 5. Bank collected $1,130 note for Sheffield in July, plus interest $42, less fee $26. The collection has not been recorded by Sheffield, and no interest has been accrued. 6. Outstanding...
Problem 8-04A a-b (Part Level Submission) On July 31, 2020, Sheridan Company had a cash balance...
Problem 8-04A a-b (Part Level Submission) On July 31, 2020, Sheridan Company had a cash balance per books of $6,086.30. The statement from Dakota State Bank on that date showed a balance of $7,718.10. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $25. 2. The bank collected $1,700 for Keeds Company through electronic funds transfer 3. The July 31 receipts of $1,286.50 were not included in...
Problem 8-04A a-b (Part Level Submission) On July 31, 2020, Sheridan Company had a cash balance per books of $6,086....
Problem 8-04A a-b (Part Level Submission) On July 31, 2020, Sheridan Company had a cash balance per books of $6,086.30. The statement from Dakota State Bank on that date showed a balance of $7,718.10. A comparison of the bank statement with the Cash account revealed the following facts. 1 1. The bank service charge for July was $25 2. The bank collected $1,700 for Keeds Company through electronic funds transfer 3. The July 31 receipts of $1,286.50 were not included...
Please show all work. Options
for fill in the blank are attached. Only other options that aren't
shown are "add" and "less"
NEXT Exercise 218 (Part Level Submission) The bank statement for Sandhill Company indicates a balance of $900 on July 31. The cash balance per books had a balance of $420 on this date. The following Information pertains to the bank transactions for the company. Deposit of $810, representing cash receipts of July 31, did not appear on the...
CALCULATOR PRINTER VERSION BACK Problem 7-04A a-b (Part Level Submission) (Video) On July 31, 2020, Blossom Company had a cash balance per books of $6,350.00. The statement from Dakota State Bank on that date showed a balance of $7,900.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $17.00 2. The bank collected $1,625 for Blossom Company through electronic funds transfer 3. The July 31 receipts of...
Exercise 8-11 a-b (Part Level Submission) (Video) The following information pertains to Swifty Video Company 1. Cash balance per bank, July 31, $8,003. 2. July bank service charge not recorded by the depositor $36. 3. Cash balance per books, July 31, $8,024. 4. Deposits in transit, July 31, $1,870. 5. Bank collected $1,270 note for Swifty in July, plus interest $44. less fee $28. The collection has not been recorded by Swifty, and no interest has been accrued. 6. Outstanding...
Exercise 219 The bank statement for Adcock Company indicates a balance of $830 on July 31. The cash balance per books had a balance of $390 on this date. The following information pertains to the bank transactions for the company. 1. Deposit of $840, representing cash receipts of July 31, did not appear on the bank statement. 2. Outstanding checks totaled $390. 3. Bank service charges for June amounted to $30. 4. The bank collected a note receivable for the company for $1,200 plus $48 interest...
Exercise 8-11 a-b (Part Level Submission) (Video) The following information pertains to Sheffield Video Company 1. Cash balance per bank, July 31, $7,723 2. July bank service charge not recorded by the depositor $34. 3. Cash balance per books, July 31, $7,744 4. Deposits in transit, July 31, $1,730. 5. Bank collected $1,130 note for Sheffield in July, plus interest $42, less fee $26. The collection has not been recorded by Sheffield, and no interest has been accrued. 6. Outstanding...
Problem 8-04A a-b (Part Level Submission) On July 31, 2020, Sheridan Company had a cash balance per books of $6,086.30. The statement from Dakota State Bank on that date showed a balance of $7,718.10. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $25. 2. The bank collected $1,700 for Keeds Company through electronic funds transfer 3. The July 31 receipts of $1,286.50 were not included in...
Problem 8-04A a-b (Part Level Submission) On July 31, 2020, Sheridan Company had a cash balance per books of $6,086.30. The statement from Dakota State Bank on that date showed a balance of $7,718.10. A comparison of the bank statement with the Cash account revealed the following facts. 1 1. The bank service charge for July was $25 2. The bank collected $1,700 for Keeds Company through electronic funds transfer 3. The July 31 receipts of $1,286.50 were not included...
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