Homework Answers
Answer:
Option d) is correct. i.e $27,972,
| Amount($) | |
| Balance as per pass book on july 31 20x6 | 36,734 |
| Add: deposits | 48,399 |
| Less: Disbursements | -51,234 |
| Balance as per pass book on Aug 31 20x6 | 33,899 |
| Less: Outstanding cheques | -5,927 |
| Balance as per books on Aug 31 20x6 | 27,972 |
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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: $37474 Balance per bank statement,...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $37474 Balance per bank statement, July 31, 20x6 Add: Deposit in Transit Less: Outstanding cheques Balance per books, July 31, 20x6 10067 11255 $36286 Data per bank or the month of August 20x6 was as follows: Deposits $ 45270 Disbursements 49377 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...
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...
The following information is for Oriole Ltd. in July: 1. Cash balance per bank, July 31,...
The following information is for Oriole Ltd. in July: 1. Cash balance per bank, July 31, $10,630. 2. Cash balance per books, July 31, $8,786. 3. Bank service charge, $40. 4. Deposits in transit, $1,992. 5. Electronic receipts from customers in payment of their accounts, $1,024, not previously recorded by the company. 6. Outstanding cheques, $2,402. 7. Cheque #373 was correctly written in the amount of $490 but was incorrectly recorded by the company's bookkeeper as $940. The cheque was...
Sage Hill Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following...
Sage Hill Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,635 Bank debit memorandum: August deposits 71,235 Safety deposit box fee $ 40 Checks cleared in August 68,663 Service charge 65 Bank credit memorandum: Balance, August 31 21,162 Interest earned 60 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,935; receipts $74,235; disbursements $73,555; and balance, August 31, $19,615. Analysis reveals...
Instructions a) Determine deposits in transit. Spade Inc.'s bank statement from Hollow Bank at July 31,...
Instructions
a) Determine deposits in transit.
Spade Inc.'s bank statement from Hollow Bank at July 31, 2019, gives the following information. $18,400 71,000 68,678 $ Balance, July 1 August deposits Checks cleared in July Bank credit memorandum: Interest earned 25 Bank debit memorandum: Safety deposit box fee Service charge Balance, July 31 50 20,692 45 A summary of the Cash account in the ledger for July shows the following: balance, July 1, $18,700, receipts $74,000; disbursements $73,570; and balance, July...
I couldn't add on the photo the missing part of Account titles and Explanation Solish Brothers Inc.'s bank statement fro...
I couldn't add on the photo
the missing part of Account titles and Explanation
Solish Brothers Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information, $50 Balance, August 1 August deposits Checks cleared in August Bank credit memorandum: Interest earned $18,540 Bank debit memorandum 71,140 Safety deposit box foe 68,653 Service charge Balance, August 31 20,972 70 A summary of the Cash account in the ledger for August shows the following: balance, August 1,...
Prepare bank reconciliation and adjusting entries. (LO 3), AP Perth Inc.'s bank statement from Main Street...
Prepare bank reconciliation and adjusting entries. (LO 3), AP Perth Inc.'s bank statement from Main Street Bank at August 31, 2017, gives the following information. Balance, August 1 $18,400 Bank debit memorandum: August deposits 71,000 Safety deposit box fee $ 25 Checks cleared in August 68,678 Service charge 50 Bank credit memorandum: Balance, August 31 20,692 Interest earned 45 A summary of the Cash account in the ledger for August shows the following: balance, August...
Splish Brothers Inc.’s bank statement from Main Street Bank at August 31, 2022, gives the following...
Splish Brothers Inc.’s bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,540 Bank debit memorandum: August deposits 71,140 Safety deposit box fee $ 50 Checks cleared in August 68,653 Service charge 75 Bank credit memorandum: Balance, August 31 20,972 Interest earned 70 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,840; receipts $74,140; disbursements $73,545; and balance, August 31, $19,435. Analysis reveals...
The following information is for Oriole Ltd. in July: 1. Cash balance per bank, July 31,...
The following information is for Oriole Ltd. in July: 1. Cash balance per bank, July 31, $10,680, 2. Cash balance per books, July 31, $8,940. 3. Bank service charge, $30. 4. Deposits in transit, $1,985. 5. Electronic receipts from customers in payment of their accounts, $1,310, not previously recorded by the company 6. Outstanding cheques, $2,355. 7. Cheque #373 was correctly written in the amount of $890 but was incorrectly recorded by the company's bookkeeper as $980. The cheque was...
Splish Brothers Inc.’s bank statement from Main Street Bank at August 31, 2022, gives the following...
Splish Brothers Inc.’s bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,540 Bank debit memorandum: August deposits 71,140 Safety deposit box fee $ 50 Checks cleared in August 68,653 Service charge 75 Bank credit memorandum: Balance, August 31 20,972 Interest earned 70 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,840; receipts $74,140; disbursements $73,545; and balance, August 31, $19,435. Analysis reveals...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $37474 Balance per bank statement, July 31, 20x6 Add: Deposit in Transit Less: Outstanding cheques Balance per books, July 31, 20x6 10067 11255 $36286 Data per bank or the month of August 20x6 was as follows: Deposits $ 45270 Disbursements 49377 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...
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...
The following information is for Oriole Ltd. in July: 1. Cash balance per bank, July 31, $10,630. 2. Cash balance per books, July 31, $8,786. 3. Bank service charge, $40. 4. Deposits in transit, $1,992. 5. Electronic receipts from customers in payment of their accounts, $1,024, not previously recorded by the company. 6. Outstanding cheques, $2,402. 7. Cheque #373 was correctly written in the amount of $490 but was incorrectly recorded by the company's bookkeeper as $940. The cheque was...
Sage Hill Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,635 Bank debit memorandum: August deposits 71,235 Safety deposit box fee $ 40 Checks cleared in August 68,663 Service charge 65 Bank credit memorandum: Balance, August 31 21,162 Interest earned 60 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,935; receipts $74,235; disbursements $73,555; and balance, August 31, $19,615. Analysis reveals...
Instructions
a) Determine deposits in transit.
Spade Inc.'s bank statement from Hollow Bank at July 31, 2019, gives the following information. $18,400 71,000 68,678 $ Balance, July 1 August deposits Checks cleared in July Bank credit memorandum: Interest earned 25 Bank debit memorandum: Safety deposit box fee Service charge Balance, July 31 50 20,692 45 A summary of the Cash account in the ledger for July shows the following: balance, July 1, $18,700, receipts $74,000; disbursements $73,570; and balance, July...
I couldn't add on the photo
the missing part of Account titles and Explanation
Solish Brothers Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information, $50 Balance, August 1 August deposits Checks cleared in August Bank credit memorandum: Interest earned $18,540 Bank debit memorandum 71,140 Safety deposit box foe 68,653 Service charge Balance, August 31 20,972 70 A summary of the Cash account in the ledger for August shows the following: balance, August 1,...
The following information is for Oriole Ltd. in July: 1. Cash balance per bank, July 31, $10,680, 2. Cash balance per books, July 31, $8,940. 3. Bank service charge, $30. 4. Deposits in transit, $1,985. 5. Electronic receipts from customers in payment of their accounts, $1,310, not previously recorded by the company 6. Outstanding cheques, $2,355. 7. Cheque #373 was correctly written in the amount of $890 but was incorrectly recorded by the company's bookkeeper as $980. The cheque was...
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