B . In balance sheet company has to record balance as per books without adjusting it.
>> Balance of bank balance in balance sheet = $ 26400
The following data were accumulated for use in reconciling the bank account of Mathers Co. for...
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 $19,590. 2. Cash balance according to the bank statement at July 31, $20,420. 3. Checks outstanding, $3,980. 4. Deposit in transit, not recorded by bank, $3,190. 5. A check for $340 in payment of an account was erroneously recorded in the check register as $430. 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...
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...
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 $14,720. Cash balance according to the bank statement at July 31, $15,730. Checks outstanding, $2,990. Deposit in transit, not recorded by bank, $2,400. A check for $270 in payment of an account was erroneously recorded in the check register as $720. Bank debit memo for service charges, $30. a. Prepare a...
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 $22,680. 2. Cash balance according to the bank statement at July 31, $23,890. 3. Checks outstanding, $4,600. 4. Deposit in transit, not recorded by bank, $3,700. 5. A check for $590 in payment of an account was erroneously recorded in the check register as $950. 6. Bank debit memo for...
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 $20,530. Cash balance according to the bank statement at July 31, $21,850. Checks outstanding, $4,170. Deposit in transit, not recorded by bank, $3,350. A check for $170 in payment of an account was erroneously recorded in the check register as $710. Bank debit memo for service charges, $40. a. Prepare a bank reconciliation,...
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...
The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $20,320. Cash balance according to the bank statement at August 31, $21,160. Checks outstanding, $4,120. Deposit in transit, not recorded by bank, $3,310. A check for $340 in payment of an account was erroneously recorded in the check register as $430. Bank debit memo for service charges, $60. a. Prepare a...
The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $22,350. Cash balance according to the bank statement at August 31, $23,570. Checks outstanding, $4,540. Deposit in transit, not recorded by bank, $3,640. A check for $590 in payment of an account was erroneously recorded in the check register as $950. Bank debit memo for service charges, $40. a. Prepare a...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Nakajima Co, for July: 1. Cash balance according to the company's records at July 31, $49,910. 2. Cash balance according to the bank statement at July 31, $48,250. 3. Checks outstanding, $4,460. 4. Deposit in transit, not recorded by bank, $6,450. 5. A check for $590 issued in payment of an account was erroneously recorded in the check register as $950. 6. Bank debit memo...