Homework Answers
Bank Reconciliation
|
Bank |
Books |
||
|
Balance |
9,000 |
Balance |
7,420 |
|
Add: |
Add: |
||
|
Deposit in transit |
700 |
Bank collection of receivables |
800 |
|
Less: |
Less: |
||
|
Outstanding checks |
- 1,500 |
Bank service charges |
- 20 |
|
Adjusted bank balance |
8,200 |
Adjusted book balance |
8,200 |
Journal
| Dec. 31 | Cash | 800 | |
| Note receivable | 800 | ||
| Dec. 31 | Bank service charges | 20 | |
| Cash | 20 |
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PROBLEM WE PREPARE AB Use the information below to prepare the necessay ouma entries PREPARE ABANK...
Prepare a June bank reconciliation for Savvy Company Prepare the general journal entries to bring...
Prepare a June bank reconciliation for Savvy Company
Prepare the general journal entries to bring the company’s
book balance of cash onto conformity with the reconciles balance as
of June 30
12) The following information is avai lable for the Savvy Company for the month of June. ACHEo a. On June 30, after all transactions have been recorded, the balance in the company's Cash has a balance of $17,202. b. The company's bank statement shows a balance on June 30...
Required information Use the following information for the Exercises below The following information applies to the...
Required information Use the following information for the Exercises below The following information applies to the questions displayed below.] Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2017, its Cash account shows an $15,966 debit balance. Del Gato Clinic's June 30 bank statement shows $16,274 on deposit in the bank. a. Outstanding checks as of June 30 total...
prepare a bank reconciliation as of October 31 from the above information Refer to the information...
prepare a bank reconciliation as of October 31 from the above
information
Refer to the information given below a. The October 31 cash balance in the general ledger is $836. b. The October 31 balance shown on the bank statement is $335 c. Checks issued but not returned with the bank statement were No. 462 for $14 and No. 483 for $43 d. A deposit made late on October 31 for $472 is included in the general ledger balance but...
2. Prepare the journal entries to adjust the book balance of cash to the reconciled balance....
2. Prepare the journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1Sept 30No joumal entry required 2Sept 30 Cash short and over Interest earned Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 The following information...
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...
Problem 6-4A Preparing a bank reconciliation and recording adjustments LO P3 The following information applies to...
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 $25,722 debit balance, but its July bank statement shows a $27,510 cash balance. b. Check No. 3031 for $1,280, Check No. 3065 for $416, and Check No....
Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 The following information applies to...
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...
Use the following information for the Exercises below. [The following information applies to the questions displayed...
Use the following information for the Exercises below. [The following information applies to the questions displayed below] Del Gato Clinic's cash account shows a $13,015 debit balance and its bank statement shows $11,989 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,416. b. The June 30 bank statement lists a $65 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $289 in payment...
Required information Use the following information for the Exercises below. [The following information applies to the...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Del Gato Clinic's cash account shows a $12,912 debit balance and its bank statement shows $13,406 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,721. b. The June 30 bank statement lists a $60 bank service charge. c Check No. 919, listed with the canceled checks, was correctly drawn for $289...
Use the following information for the Exercises below. [The following information applies to the questions displayed...
Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $13,828 debit balance and its bank statement shows $13,500 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,202. b. The June 30 bank statement lists a $75 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 in payment...
Prepare a June bank reconciliation for Savvy Company
Prepare the general journal entries to bring the company’s
book balance of cash onto conformity with the reconciles balance as
of June 30
12) The following information is avai lable for the Savvy Company for the month of June. ACHEo a. On June 30, after all transactions have been recorded, the balance in the company's Cash has a balance of $17,202. b. The company's bank statement shows a balance on June 30...
Required information Use the following information for the Exercises below The following information applies to the questions displayed below.] Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2017, its Cash account shows an $15,966 debit balance. Del Gato Clinic's June 30 bank statement shows $16,274 on deposit in the bank. a. Outstanding checks as of June 30 total...
prepare a bank reconciliation as of October 31 from the above
information
Refer to the information given below a. The October 31 cash balance in the general ledger is $836. b. The October 31 balance shown on the bank statement is $335 c. Checks issued but not returned with the bank statement were No. 462 for $14 and No. 483 for $43 d. A deposit made late on October 31 for $472 is included in the general ledger balance but...
2. Prepare the journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1Sept 30No joumal entry required 2Sept 30 Cash short and over Interest earned Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two...
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...
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 $25,722 debit balance, but its July bank statement shows a $27,510 cash balance. b. Check No. 3031 for $1,280, Check No. 3065 for $416, and Check No....
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...
Use the following information for the Exercises below. [The following information applies to the questions displayed below] Del Gato Clinic's cash account shows a $13,015 debit balance and its bank statement shows $11,989 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,416. b. The June 30 bank statement lists a $65 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $289 in payment...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Del Gato Clinic's cash account shows a $12,912 debit balance and its bank statement shows $13,406 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,721. b. The June 30 bank statement lists a $60 bank service charge. c Check No. 919, listed with the canceled checks, was correctly drawn for $289...
Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $13,828 debit balance and its bank statement shows $13,500 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,202. b. The June 30 bank statement lists a $75 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 in payment...
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