1 | |||||
BRANCH COMPANY | |||||
Bank Reconciliation | |||||
July 31, 2017 | |||||
Bank statement balance | 27425 | Book balance | 24754 | ||
Add: | Add: | ||||
Deposit of July 31 | 9652 | Proceeds of note less collection charge | 8457 | ||
9652 | 8457 | ||||
37077 | 33211 | ||||
Deduct: | Deduct: | ||||
Check No. 3031 | 1660 | NSF check including fee | 805 | ||
Check No. 3065 | 606 | Service charge | 13 | ||
Check No. 3069 | 2428 | Error (Check 3056) | 10 | ||
4694 | 828 | ||||
Adjusted bank balance | 32383 | Adjusted book balance | 32383 |
Transaction | General Journal | Debit | Credit |
a. | No journal entry required | ||
b. | No journal entry required | ||
c. | Rent expense | 10 | |
Cash | 10 | ||
d. | Cash | 8,457 | |
Collection expense | 43 | ||
Notes receivable | 8,500 | ||
e. | Accounts receivable—E. Shaw | 805 | |
Cash | 805 | ||
f. | Miscellaneous expenses | 13 | |
Cash | 13 | ||
g. | No journal entry required |
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information...
Required information Problem 6-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.) The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $25,176 debit balance, but its July bank statement shows a $28,240 cash balance. b. Check No. 3031 for $1,790, Check No. 3065 for $671, and...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance as of July 31, 2017. On July 31, the company’s Cash account has a $25,644 debit balance, but its July bank statement shows a $28,407 cash balance. Check No. 3031 for $1,690 and Check No. 3040 for $837...
Required information Problem 6-4A Preparing a bank reconciliation and recording adjustments LO P3 (The following information applies to the questions displayed below. points The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. eBook References a. On July 31, the company's Cash account has a $25,638 debit balance, but its July bank statement shows a $27.896 cash balance b. Check No. 3031 for $1.470. Check No. 3065...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 The following information applies to the questions displayed below] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017 a. On July 31, the company's Cash account has a $25,868 debit balance, but its July bank statement shows a $28,161 cash balance b. Check No. 3031 for $1,510 and Check No. 3040 for...
Required information Problem 6-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance as of July 31. On July 31, the company’s Cash account has a $24,912 debit balance, but its July bank statement shows a $26,925 cash balance. Check No. 3031 for $1,370, Check No. 3065 for $461, and Check...
Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 The following information applies to the questions displayed below] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017 a. On July 31, the company's Cash account has a $25,862 debit balance, but its July bank statement shows a $28,128 cash balance. b. Check No. 3031 for $1,490 and Check No. 3040 for $737 were...
Required information [The following information applies to the questions displayed below.) The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $25,486 debit balance, but its July bank statement shows a $28,221 cash balance. b. Check No. 3031 for $1,660, Check No. 3065 for $606, and Check No. 3069 for $2,428 are outstanding checks as of July...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 The following information applies to the questions displayed below.) The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017 a. On July 31, the company's Cash account has a $25,648 debit balance, but its July bank statement shows a $27,213 cash balance. b. Check No. 3031 for $1,220 and Check No. 3040 for...
0 Required information [The following information applies to the questions displayed below.) The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $25,764 debit balance, but its July bank statement shows a $27272 cash balance b. Check No. 3031 for $1,170, Check No. 3065 for $361, and Check No. 3069 for $1,938 are outstanding checks as of...
PLEASE ANSWER ACCORDING TO THE RESPECTIVE TABLES; {THE BLUE HIGHLIGHT AREAS AROUND EACH UNIT} Thanks!! Required information [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $24,980 debit balance, but its July bank statement shows a $26,313 cash balance. b. Check No. 3031 for $1,100, Check No....