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Veronika is preparing her monthly bank reconciliation. The ending cash balance per her company's records is...
Jamison Company developed the following reconciling information in preparing its June bank reconciliation: Cash balance per...
Jamison Company developed the following reconciling information in preparing its June bank reconciliation: Cash balance per bank, 6/30 $12,558 Note receivable collected by bank 7,396 Outstanding checks 5,133 Deposits-in-transit 4,858 Bank service charge 72 NSF check 1,098 Using the above information, determine the cash balance per books (before adjustments) for Jamison Company. A. $6,057 B. $18,509 C. $18,784 D. $12,283
bank reconciliation Bank Reconciliation The following information is available to assist you in preparing a bank...
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....
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 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...
The following information is available to the accountant of M&M Company when preparing the monthly bank...
The following information is available to the accountant of M&M Company when preparing the monthly bank reconciliation: Outstanding cheques: $ 500 Bank service charges 50 Deposits in transit 1,500 Customer note receivable collected by bank 975 Cash balance per bank statement 1,265 Assuming there is no error on bank statement, the cash balance on M&M’s book before the reconciliation should be a. 1840 b. 1400 c. 1340 d. 1290 Please explain how to get the value
Using the following information: The bank statement balance is $5,550. The cash account balance is $5,720....
Using the following information: The bank statement balance is $5,550. The cash account balance is $5,720. Outstanding checks amounted to $875. Deposits in transit are $1,002. The bank service charge is $34. A check for $43 for supplies was recorded as $34 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation May 31 Cash balance according to bank statement$ Adjustments: Deposits in transit not recorded by bank $ Outstanding checks Total adjustments...
Shown below is the bank reconciliation for Marvelous Company for May 2019: Balance per bank, May...
Shown below is the bank reconciliation for Marvelous Company for May 2019: Balance per bank, May 31, 2019 P75,000 Add: Deposits in transit 12,000 Total 87,000 Less: Outstanding checks P14,000 Bank credit recorded in error 5,000 19,000 Cash balance per books, 5/31/19 P68,000 The bank statement for June 2019 contains the following data: Total deposits P55,000 Total charges, including an NSF check of P4,000 and a service charge of P200 48,000 All outstanding checks on May 31, 2019, including the...
Bank Reconciliation An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. $11,100...
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...
136. Jeter Company developed the following reconciling information in preparing its September bank reconciliation: Cash balance...
136. Jeter Company developed the following reconciling information in preparing its September bank reconciliation: Cash balance per bank, 9/30 $15,400 Note receivable collected by bank 8,400 Outstanding checks I 12,600 Deposits in transit 6,300 Bank service charge 105 NSF check 1,680 Using the above information, determine the cash balance per books (before adjustments) for the Jeter Company. a. $13.685 b. $21,700 c. $2,485 d. $21,000 AICPA FN Reporting, AICPA PC
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $36734 Balance per bank statement,...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $36734 Balance per bank statement, July 31, 20x6 Add: Deposit in Transit Less: Outstanding cheques Balance per books, July 31, 20x6 10675 12519 $34890 Data per bank for the month of August 20x6 was as follows: Deposits $.48399 Disbursements 51234 The deposits and disbursements for August include the items per the July bank reconciliation. All reconciling items at July 31, 20x6 cleared the bank in August. Outstanding cheques at...
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....
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 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...
Shown below is the bank reconciliation for Marvelous Company for May 2019: Balance per bank, May 31, 2019 P75,000 Add: Deposits in transit 12,000 Total 87,000 Less: Outstanding checks P14,000 Bank credit recorded in error 5,000 19,000 Cash balance per books, 5/31/19 P68,000 The bank statement for June 2019 contains the following data: Total deposits P55,000 Total charges, including an NSF check of P4,000 and a service charge of P200 48,000 All outstanding checks on May 31, 2019, including the...
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...
136. Jeter Company developed the following reconciling information in preparing its September bank reconciliation: Cash balance per bank, 9/30 $15,400 Note receivable collected by bank 8,400 Outstanding checks I 12,600 Deposits in transit 6,300 Bank service charge 105 NSF check 1,680 Using the above information, determine the cash balance per books (before adjustments) for the Jeter Company. a. $13.685 b. $21,700 c. $2,485 d. $21,000 AICPA FN Reporting, AICPA PC
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $36734 Balance per bank statement, July 31, 20x6 Add: Deposit in Transit Less: Outstanding cheques Balance per books, July 31, 20x6 10675 12519 $34890 Data per bank for the month of August 20x6 was as follows: Deposits $.48399 Disbursements 51234 The deposits and disbursements for August include the items per the July bank reconciliation. All reconciling items at July 31, 20x6 cleared the bank in August. Outstanding cheques at...
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