Bourne Incorporated reports a cash balance at the end of the month of $2,445. A comparison...
Bourne Incorporated reports a cash balance at the end of the month of $2,445. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($78), an NSF check from a customer ($280), a customer’s note receivable collected by the bank ($1,100), and interest earned ($28).
Calculate the reconciled company balance for cash. (Amounts to be deducted should be indicated with a minus sign.)
|
Homework Answers
| Reconcilaition Statement | |
| Company Balance | $2,445.00 |
| Less: Servcie Fees | -$78.00 |
| Less: NSF Check | -$280.00 |
| Add: Noted Received | $1,100.00 |
| Add: Interest Earned | $28.00 |
| Reconcilled Company Baalnce | $3,215.00 |
Add Answer to:
Bourne Incorporated reports a cash balance at the end of the
month of $2,445. A comparison...
Bourne Incorporated reports a cash balance at the end of the month of $2,395. A comparison...
Bourne Incorporated reports a cash balance at the end of the month of $2,395. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($76), an NSF check from a customer ($260), a customer's note receivable collected by the bank ($1,000), and Interest earned ($26). Required: Calculate the reconciled company balance for cash. (Amounts to be deducted should be indicated with a minus sign.) Company balance Service fees NSF check...
Bourne Incorporated reports a cash balance at the end of the month of $2,195. A comparison...
Bourne Incorporated reports a cash balance at the end of the month of $2,195. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($68), an NSF check from a customer ($180), a customer’s note receivable collected by the bank ($1,200), and interest earned ($18). Required: Record the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in...
Brangelina Adoption Agency's general ledger shows a cash balance of $4,575. The balance of cash in...
Brangelina Adoption Agency's general ledger shows a cash balance of $4,575. The balance of cash in the March-end bank statement is $7,309. A review of the bank statement reveals the following Information: checks outstanding of $2,785, bank service fees of $67, and Interest earned of $16 Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.) Bank balance Checks outstanding Company balance Service fees Interest earned Cash balance...
The cash records and bank statement for the month of July for Glover Incorporated are shown...
The cash records and bank statement for the month of July for Glover Incorporated are shown below. GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance Cash Balance July 1. Cash 2021 Receipts 57,390 58,630 Cash Receipts Date Desc 7/9 Sales 7/21 Sales 7/31 Sales July 31, 2021 $5,888 Amount $2,630 3,210 2,790 Date 7/2 7/12 7/19 7/22 7/30 Cash Disbursements $10,140 Cash Disbursements Check Desc 531 Rent 532 Salaries 533 Equipment 534 Utilities Advertising...
Madison Company's cash ledger reports the following for the month ending March 31 Deposits: $ Amount...
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, Deposits: Amount 55,600...
Madison Company's cash ledger reports the following for the month ending March 31, Deposits: Amount 55,600 Date 3/4 3/11 3/18 3/25 3/26-3/31 Amount $ 1,800 1,169 4,469 3,500 2,869 $ 13,600 Cash receipts: No. Date Checks: 541 3/2 542 3/8 543 3/12 544 3/19 545 3/27 3/28 5473/30 2,00 1,500 400 969 1,400 $12,400 $ Balance on March 1 Receipts Disbursements Balance on March 31 6,200 13,600 (12,400) 7,400 $ Information from March's bank statement and company records reveals the...
16 A company's bank statement shows a cash balance of $4,200. Comparing the company's cash records...
16 A company's bank statement shows a cash balance of $4,200. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,160, NSF check of $270, interest earned of $32, service fee of $47, and a check for $170 recorded twice by the company Calculate the correct balance of cash. Cash balance
A company's bank statement shows a cash balance of $4.110. Comparing the company's cash records with...
A company's bank statement shows a cash balance of $4.110. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,130, NSF check of $260, interest earned of $31. service fee of $42, and a check for $150 recorded twice by the company. Calculate the correct balance of cash. ach balance $ 2,379 Prey 2 of 10 Next >
The cash records and bank statement for the month of July for Glover Incorporated are shown...
The cash records and bank statement for the month of July for Glover Incorporated are shown below. GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance July 31, 2021 $6,020 - Cash Balance July 1, Cash 2021 + Receipts $7,310 $8,570 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $2,610 3, 190 2, 770 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $9,860 Cash Disbursements Check Desc. 531 Rent 532 Salaries 533...
Madison Company's cash ledger reports the following for the month ending March 31. Date Amount No....
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...
Bourne Incorporated reports a cash balance at the end of the month of $2,395. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($76), an NSF check from a customer ($260), a customer's note receivable collected by the bank ($1,000), and Interest earned ($26). Required: Calculate the reconciled company balance for cash. (Amounts to be deducted should be indicated with a minus sign.) Company balance Service fees NSF check...
Brangelina Adoption Agency's general ledger shows a cash balance of $4,575. The balance of cash in the March-end bank statement is $7,309. A review of the bank statement reveals the following Information: checks outstanding of $2,785, bank service fees of $67, and Interest earned of $16 Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.) Bank balance Checks outstanding Company balance Service fees Interest earned Cash balance...
The cash records and bank statement for the month of July for Glover Incorporated are shown below. GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance Cash Balance July 1. Cash 2021 Receipts 57,390 58,630 Cash Receipts Date Desc 7/9 Sales 7/21 Sales 7/31 Sales July 31, 2021 $5,888 Amount $2,630 3,210 2,790 Date 7/2 7/12 7/19 7/22 7/30 Cash Disbursements $10,140 Cash Disbursements Check Desc 531 Rent 532 Salaries 533 Equipment 534 Utilities Advertising...
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, Deposits: Amount 55,600 Date 3/4 3/11 3/18 3/25 3/26-3/31 Amount $ 1,800 1,169 4,469 3,500 2,869 $ 13,600 Cash receipts: No. Date Checks: 541 3/2 542 3/8 543 3/12 544 3/19 545 3/27 3/28 5473/30 2,00 1,500 400 969 1,400 $12,400 $ Balance on March 1 Receipts Disbursements Balance on March 31 6,200 13,600 (12,400) 7,400 $ Information from March's bank statement and company records reveals the...
16 A company's bank statement shows a cash balance of $4,200. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,160, NSF check of $270, interest earned of $32, service fee of $47, and a check for $170 recorded twice by the company Calculate the correct balance of cash. Cash balance
A company's bank statement shows a cash balance of $4.110. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,130, NSF check of $260, interest earned of $31. service fee of $42, and a check for $150 recorded twice by the company. Calculate the correct balance of cash. ach balance $ 2,379 Prey 2 of 10 Next >
The cash records and bank statement for the month of July for Glover Incorporated are shown below. GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance July 31, 2021 $6,020 - Cash Balance July 1, Cash 2021 + Receipts $7,310 $8,570 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $2,610 3, 190 2, 770 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $9,860 Cash Disbursements Check Desc. 531 Rent 532 Salaries 533...
Most questions answered within 3 hours.
-
Given P(Ec ) = 0.43, P(F) = 0.52, and P(EF) = 0.18.
Find P( E |...
asked 29 minutes ago -
Consider two empty containers A and B whose volumes are
10mL and 20mL respectively. 1mL of...
asked 32 minutes ago -
QUESTION 6
Determine the linear momentum of a 2,800 kg houseboat going 3
m/s.
9,100 kg.m/s...
asked 46 minutes ago -
Jor-el throws a ball upward from the top of a 728 foot building
on the planet...
asked 50 minutes ago -
Which of the following will most likely to happen if Federal
Reserve Bank decreases the money...
asked 33 minutes ago -
You’ve just joined the investment banking firm of Dewey,
Cheatum, and Howe. They’ve offered you two...
asked 27 minutes ago -
An air conditioner cools 226 m^3/min of humid air at 36 oC and
98% relative humidity...
asked 26 minutes ago -
Vaughn Manufacturing acquires a coal mine at a cost of $1870000.
Intangible development costs total $354000....
asked 35 minutes ago -
Question 5
What effect would a decrease in
temperature have on pressure, assuming that volume
(T)...
asked 48 minutes ago -
Draw the Lewis dot structures for the following molecules. None
of the atoms have a formal...
asked 52 minutes ago -
What does it mean when an element is radioactive?
a.
It means the element is changing...
asked 53 minutes ago -
A company deposits $6,000 in a bank at the end of every year for
10 years....
asked 52 minutes ago