In preparing its August 31, 2017 bank reconciliation, XYZ Corp. has available the following information: Balance...
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In preparing its August 31, 2017 bank reconciliation, XYZ Corp. has available the
following information:Balance per bank statement, 8/31/17 $25,650
Deposit in transit, 8/31/17 $3,900
Return of customer's check for insufficient funds, 8/30/17 $600
Outstanding checks, 8/31/17 $2,750
Bank service charges for August $100
At August 31, 2017, XYZ's correct cash balance is
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$26,800.
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$26,200.
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$26,100.
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$24,500.
Homework Answers
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In preparing its
August 31, 2017 bank reconciliation, XYZ Corp. has available
the
following information:
Balance...
In preparing its August 31, 2019 bank reconciliation, Bing Corp. has available the following information: Balance...
In preparing its August 31, 2019 bank reconciliation, Bing Corp. has available the following information: Balance per bank statement, 8/31/19 $20,250 Deposit in transit, 8/31/19 3,400 Return of customer's check for insufficient funds, 8/30/19 Outstanding checks, 8/31/19 2,150 Bank service charges for August 100 600 At August 31, 2019, Bing's correct cash balance is $19,000 $20,800 $21,500 $20,900
1. In preparing its August 31 bank reconciliation, Reinstein Corp. has available the following balance per...
1. In preparing its August 31 bank reconciliation, Reinstein
Corp. has available the following balance per bank
and reconciling items:
The 8/31 correct balance of cash is:
Select one:
a. $17,650
b. $18,050
c. $16,850
d. $19,050
e. $17,450
2.Given the following Ending Inventory errors for the Portland
Company:
Indicate the error in 2017 Net Income and 12/31/17 Retained
Earnings:
Select one:
a. Net Income Overstated $10, Retained Earnings Understated
$30
b. Net Income Understated $70, Retained Earnings Understated
$30...
An accounting clerk prepared the following bank reconciliation for Inges Corp. Inges Corp Bank Reconciliation August...
An accounting clerk prepared the following bank reconciliation for Inges Corp. Inges Corp Bank Reconciliation August 31 Cash balance according to company records $14,690 Adjustments: Outstanding checks $1,020 Error by company in recording Ck. 2490 as $1.540 instead of $1.450 90 Note collected by bank, including $200 interest 3,200 Deposits in transit on August 31 (2,750) Bank service charges _(40) Total adjustments 1,520 Cash balance according to bank statement $16,210 (a) Use the data in the bank reconciliation to prepare...
Prepare a bank reconciliation at August 31. (List items that increase balance as per bank &...
Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) SAGE HILL INC. Bank Reconciliation Announcements CALCULATOR PRINTER VERSION Question 2 Sage Hill Inc.'s bank statement from Main Street Bank at August 31, 2017. gives the following information Balance, Augusti $18,635 Bank debit memorandum: August deposits 71,235 Safety deposit box fee $ 40 Checks deared in August 68,663 Service charge Bank credit memorandum: Balance, August 31 21,162 Interest earned A summary of...
Marta Company gathered the following information in preparing its August bank reconciliation: Cash balance per books,...
Marta Company gathered the following information in preparing its August bank reconciliation: Cash balance per books, 8/31 (unadjusted) $87,000 Deposits in transit 300 Notes receivable and interest collected by bank 1,700 Bank charge for check printing 40 Outstanding checks 4,000 NSF check 340 The adjusted cash balance per books on August 31 is: O$84,620 O $88,020 o $88,320 O $84,920
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Please help....Read the information carefully. An accounting clerk prepared the following bank reconciliation for Inges Corp....
Please help....Read the information carefully.
An accounting clerk prepared the following bank reconciliation for Inges Corp. Inges Corp. Bank Reconciliation August 31 Cash balance according to company records $14,690 Adjustments Outstanding checks $1,020 Error by company in recording Ck. 2490 as $1,540 instead of $1,450 90 Note collected by bank, including $200 interest 3,200 Deposits in transit on August 31 (2,750) Bank service charges (40) Total adjustments 1.520 Cash balance according to bank statement $16,210 (a) Use the data in...
In preparing its August 31, 2019 bank reconciliation, Bing Corp. has available the following information: Balance per bank statement, 8/31/19 $20,250 Deposit in transit, 8/31/19 3,400 Return of customer's check for insufficient funds, 8/30/19 Outstanding checks, 8/31/19 2,150 Bank service charges for August 100 600 At August 31, 2019, Bing's correct cash balance is $19,000 $20,800 $21,500 $20,900
1. In preparing its August 31 bank reconciliation, Reinstein
Corp. has available the following balance per bank
and reconciling items:
The 8/31 correct balance of cash is:
Select one:
a. $17,650
b. $18,050
c. $16,850
d. $19,050
e. $17,450
2.Given the following Ending Inventory errors for the Portland
Company:
Indicate the error in 2017 Net Income and 12/31/17 Retained
Earnings:
Select one:
a. Net Income Overstated $10, Retained Earnings Understated
$30
b. Net Income Understated $70, Retained Earnings Understated
$30...
An accounting clerk prepared the following bank reconciliation for Inges Corp. Inges Corp Bank Reconciliation August 31 Cash balance according to company records $14,690 Adjustments: Outstanding checks $1,020 Error by company in recording Ck. 2490 as $1.540 instead of $1.450 90 Note collected by bank, including $200 interest 3,200 Deposits in transit on August 31 (2,750) Bank service charges _(40) Total adjustments 1,520 Cash balance according to bank statement $16,210 (a) Use the data in the bank reconciliation to prepare...
Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) SAGE HILL INC. Bank Reconciliation Announcements CALCULATOR PRINTER VERSION Question 2 Sage Hill Inc.'s bank statement from Main Street Bank at August 31, 2017. gives the following information Balance, Augusti $18,635 Bank debit memorandum: August deposits 71,235 Safety deposit box fee $ 40 Checks deared in August 68,663 Service charge Bank credit memorandum: Balance, August 31 21,162 Interest earned A summary of...
Marta Company gathered the following information in preparing its August bank reconciliation: Cash balance per books, 8/31 (unadjusted) $87,000 Deposits in transit 300 Notes receivable and interest collected by bank 1,700 Bank charge for check printing 40 Outstanding checks 4,000 NSF check 340 The adjusted cash balance per books on August 31 is: O$84,620 O $88,020 o $88,320 O $84,920
bank reconciliation
Bank Reconciliation The following information is available to assist you in preparing a bank reconciliation for Burgoon Enterprises on May 31: a. The balance on the May 31 bank statement is $8,432.11. b. Not included on the bank statement is a $1,250 deposit made by Burgoon Enterprises late on May 31. c. A comparison between the canceled checks returned with the bank statement and the company records indicated that the following checks are outstanding at May 31: No....
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Please help....Read the information carefully.
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