Corrected Adjusted Balance is $34,347.23
Bank Reconciliation The company's accounting intern has prepared the end-of-January bank reconciliation from the bank statement,...
1. company. issued a check on January 2 to establish a petty cash fund of $500. On January 31, the amount of cash in the petty cash fund is $441. The company would like to issue a check to replenish the fund, based on the following summary of petty cash receipts: Account Amount on Receipt Office Supplies $28.00 Miscellaneous Administrative Expense $23.00 The company’s policy is to record any missing funds in the Cash Short and Over account. The new...
An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation August 31 $6,160 Cash balance according to company's records Add: Outstanding checks Error by Chesner Co. in recording Check $2,960 No. 1056 as $820 instead of $280 540 Note for $9,700 collected by bank, including interest 10,090 13,590 $19,750 Deduct: Deposit in transit on August 31 $6,270 Bank service charges 6,330 Cash balance according to bank statement $13,420 a. From the data in this bank...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9: Cash balance according to the company’s records at August 31, $14,190. Cash balance according to the bank statement at August 31, $18,330. Checks outstanding, $5,710. Deposit in transit, not recorded by bank, $2,150. A check for $180 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as $810. Bank debit memo for service charges, $50. Prepare...
Bank Reconciliation An accounting clerk for Muskegon Co. prepared the following bank reconciliation: Muskegon Co. Bank Reconciliation May 31, 2016 Cash balance according to company's records $6,910 Add: Outstanding checks $3,320 Error by Muskegon Co. in recording Check No. 2219 as $710 instead of $170 540 Note for $10,800 collected by bank, including interest 11,230 15,090 $22,000 $7,030 Deduct: Deposit in transit on May 31 30 7,060 Bank service charges $14,940 Cash balance according to bank statement data in this...
An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation July 31, 20Y4 Cash balance according to company's records $6,050 Adjustments: Outstanding checks $2,900 Error by Chesner Co. in recording Check No. 1056 as $940 instead of $490 450 Note for $9,500 collected by bank, indluding interest 9,880 Deposit in transit on July 31 (6,160) Bank service charges (60) Total adjustments 7,010 Cash balance according to bank statement $13,060 a. From the data in this...
Bank Reconciliation An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. $11,100 Bank Reconciliation July 31, 2014 Cash balance according to company's records Adjustments: Outstanding checks Error by Chesner Co. in recording Check No. 1056 as $950 instead of $590 $3,585 Note for $12,000 collected by bank, including interest Deposit in transit on July 31 360 12,480 (7,200) (25) Bank service charges Total adjustments Cash balance according to bank statement 9,200 $20,300 a. From the data...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31 $17,490. 2. Cash balance according to the bank statement at July 31, $18,520. 3. Checks outstanding, $3,550. 4. Deposit in transit, not recorded by bank, $2,850. 5. A check for $590 in payment of an account was erroneously recorded in the check register as $950. 6. Bank debit memo for...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: Cash balance according to the company's records at July 31 $22,020. Cash balance according to the bank statement at July 31, $22,940. Checks outstanding, $4,470. Deposit in transit, not recorded by bank, $3,590. A check for $340 in payment of an account was erroneously recorded in the check register as $430. Bank debit memo for service charges, $50. a. Prepare a...
Obj. 5 ✓ Adjusted balance: $15,310 E5-21 Bank reconciliation An accounting clerk for Westwind Co. prepared the following bank reconciliation: WESTWIND CO. Bank Reconciliation August 31, 2046 Cash balance according to company's records $ 6,800 Add: Outstanding checks Error by Westwind Co. in recording Check No. 01-115 as $830 instead of $380 450 Note for $7.500 collected by bank, including interest 8,100 12,740 $19,540 Deduct: Deposit in transit on August 31 $2.175 Bank service charges (2.215) Cash balance according to...
Adjusted balance: $32,630 Show Me How EX 8-18 Bank reconciliation OBJ. 5 The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statement at July 31, $31,350. 3. Checks outstanding, $2,870. 4. Deposit in transit, not recorded by bank, $4,150. 5. A check for $170 in payment of an account was erroneously recorded in...