Homework Answers
Up-to-date ending cash balance = Balance per the bank + Deposits in transit − Outstanding checks
Up-to-date ending cash balance = $19,200 + $1,850 − $2,700
Up-to-date ending cash balance = $18,350
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tOs 0)-phg Add to See all photos Egrane, Inc.'s monthly bank statement showed the ending balance...
See all photos + Add to Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $18,700. The ban...
See all photos + Add to Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $18,700. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,600, outstanding checks of $2,200, a NSF check of $900, bank service charges of $40 and the EFT from a customer in payment of the customer's account of $1,700. What was the cash balance on the Egrane's books (before the adjustments for items on the bank...
Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $14,800. The bank reconciliation...
Egrane, Inc.'s monthly bank statement showed the ending balance
of cash of $14,800. The bank reconciliation for the period showed
an adjustment for a deposit in transit of $1,200, outstanding
checks of $1,600, a NSF check of $560, bank service charges of $24
and the EFT from a customer in payment of the customer's account of
$1,200.
What journal entry should be recorded by Egrane for the NSF
check returned?
MC Qu. 5-150 Egrane, Inc.s monthly bank statement.. grane, Inc.'s...
See all photos + Add to Q ♡ Urban Bloom, Inc.'s books show an ending cash balance of $17,500 before preparing the b...
See all photos + Add to Q ♡ Urban Bloom, Inc.'s books show an ending cash balance of $17,500 before preparing the bank reconciliation. Glven the bank reconciliation shows outstanding checks of $4,500, deposits in transit of $3,500, NSF check of $250, and interest earned on the bank account of $160, the company's up-to-date ending cash balance equals: Multiple Choice 0 $17,410 0 0 C
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,364. The company's...
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,364. The company's Cash account in its general ledger showed a $1,010 debit balance. The following information was also available as of September 30. • The bank deducted $130 for an NSF check from a customer deposited on September 15. • The September 30 cash receipts, $1,260, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30...
Exercise 4-44 (Algorithmic) Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of...
Exercise 4-44 (Algorithmic) Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of $21,676, whereas Johnson's cash account shows a balance of $21,220 on October 31. The following additional information is available: A $755 deposit made on October 31 was not recorded by the bank until November. At the end of October, outstanding checks total $1,222. The bank statement shows bank service charges of $125 not yet recorded by the company. The company erroneously recorded as $973...
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,364. The company's...
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,364. The company's Cash account in its general ledger showed a $1,010 debit balance. The following information was also available as of September 30. The bank deducted $130 for an NSF check from a customer deposited on September 15. • The September 30 cash receipts, $1,260, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the...
The following items relate to the company’s March bank reconciliation: Bank statement balance $29,600 Unadjusted cash...
The following items relate to the company’s March bank reconciliation: Bank statement balance $29,600 Unadjusted cash balance according to company records ? Deposit in transit 2,200 Outstanding checks 3,100 Bank service charges 200 Interest earned on the bank account 100 Customer's NSF check returned by the bank 300 Refer to Delco Construction. What is the company's unadjusted cash balance in its accounting records at March 31st before the reconciliation was completed? $28,700 $29,100 $28,300 $29,600
Need help in bank reconciliation and general journal. McDermott Company's bank statement for September 30 showed...
Need help in bank reconciliation and general journal.
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,420. The company's Cash account in its general ledger showed a $1,070 debit balance. The following information was also available as of September 30. • The bank deducted $150 for an NSF check from a customer deposited on September 15. • The September 30 cash receipts, $1,300, were placed in the bank's night depository after banking hours on that...
Chapter 5 Bank Reconciliation Numbers Corporation February 28 bank statement has an ending cash balance of...
Chapter 5 Bank Reconciliation Numbers Corporation February 28 bank statement has an ending cash balance of $2,567. On February 28, Numbers Corporation check register shows a cash balance of $860. After comparing the check register items to the bank statement, the following items were noted: a) Outstanding checks total $2,250 b) Interest paid by the bank on the statement C) NSF check from a customer 32 d) Deposit in transit 1,900 e) Service fees charged by the bank Direct deposit...
notos - 2019-11-03 (48).png See all photos + Add to Q & A % 2 6...
notos - 2019-11-03 (48).png See all photos + Add to Q & A % 2 6 The following information was available to the accountant of Scarlet Co. when preparing the monthly bank reconciliation: $1,155 894 682 61 Cash balance per bank statement Cash balance per books (prior to reconciliation) Outstanding check #643 Outstanding check #651 Bank service charges Customer check returned by bank as NSF Deposits in transit Interest received from bank 110 370 41 The amount of cash that...
See all photos + Add to Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $18,700. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,600, outstanding checks of $2,200, a NSF check of $900, bank service charges of $40 and the EFT from a customer in payment of the customer's account of $1,700. What was the cash balance on the Egrane's books (before the adjustments for items on the bank...
Egrane, Inc.'s monthly bank statement showed the ending balance
of cash of $14,800. The bank reconciliation for the period showed
an adjustment for a deposit in transit of $1,200, outstanding
checks of $1,600, a NSF check of $560, bank service charges of $24
and the EFT from a customer in payment of the customer's account of
$1,200.
What journal entry should be recorded by Egrane for the NSF
check returned?
MC Qu. 5-150 Egrane, Inc.s monthly bank statement.. grane, Inc.'s...
See all photos + Add to Q ♡ Urban Bloom, Inc.'s books show an ending cash balance of $17,500 before preparing the bank reconciliation. Glven the bank reconciliation shows outstanding checks of $4,500, deposits in transit of $3,500, NSF check of $250, and interest earned on the bank account of $160, the company's up-to-date ending cash balance equals: Multiple Choice 0 $17,410 0 0 C
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,364. The company's Cash account in its general ledger showed a $1,010 debit balance. The following information was also available as of September 30. • The bank deducted $130 for an NSF check from a customer deposited on September 15. • The September 30 cash receipts, $1,260, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30...
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,364. The company's Cash account in its general ledger showed a $1,010 debit balance. The following information was also available as of September 30. The bank deducted $130 for an NSF check from a customer deposited on September 15. • The September 30 cash receipts, $1,260, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the...
Need help in bank reconciliation and general journal.
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,420. The company's Cash account in its general ledger showed a $1,070 debit balance. The following information was also available as of September 30. • The bank deducted $150 for an NSF check from a customer deposited on September 15. • The September 30 cash receipts, $1,300, were placed in the bank's night depository after banking hours on that...
Chapter 5 Bank Reconciliation Numbers Corporation February 28 bank statement has an ending cash balance of $2,567. On February 28, Numbers Corporation check register shows a cash balance of $860. After comparing the check register items to the bank statement, the following items were noted: a) Outstanding checks total $2,250 b) Interest paid by the bank on the statement C) NSF check from a customer 32 d) Deposit in transit 1,900 e) Service fees charged by the bank Direct deposit...
notos - 2019-11-03 (48).png See all photos + Add to Q & A % 2 6 The following information was available to the accountant of Scarlet Co. when preparing the monthly bank reconciliation: $1,155 894 682 61 Cash balance per bank statement Cash balance per books (prior to reconciliation) Outstanding check #643 Outstanding check #651 Bank service charges Customer check returned by bank as NSF Deposits in transit Interest received from bank 110 370 41 The amount of cash that...
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