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125% ICategory Table Chart Тех Zoom Insert View Bank Reconciliation Bank Statement 2 Check Register 2...
E5-16 Bank reconciliation Identify each of the following reconciling items as: (a) an addition to the...
E5-16 Bank reconciliation Identify each of the following reconciling items as: (a) an addition to the cash balance ac- cording to the bank statement, (b) a deduction from the cash balance according to the bank statement, (c) an addition to the cash balance according to the company's records, or (d) a deduction from the cash balance according to the company's records. (None of the trans- actions reperted by bank debit and credit memos have been recorded by the company.) 1....
125% Insert Tablc Chart Zoom Check Register Bank Reconciliation Bank Statement 2 Bank Statement First Bank...
125% Insert Tablc Chart Zoom Check Register Bank Reconciliation Bank Statement 2 Bank Statement First Bank Virginia Beach, VA Customer: My Company Statement date: 30-Sep-19 1111 College Way Virginia Beach, VA Account # 4654389 September 1 Beginning Balance $ 16,850.00 + Deposits and other Credits $ 22,367.00 - Checks and other Debits $ (11,822.00) September 30 ENDING BALANCE $ 27,395.00 Deposits and Other Credits 1-Sep $1,500.00 $2,514.00 25-Sep 29-Sep $10,000.00 $ 4,500.00 15-Sep 16-Sep 20-Sep $ 350.00 $ 500.00 Interest...
Bank Statement Check Register Bank Reconciliation Bank State Statement date: July 1, 2019 - July 31,...
Bank Statement Check Register Bank Reconciliation Bank State Statement date: July 1, 2019 - July 31, 2019 Lake City National Bank 212 Golden Street PO Box 6458 Lake City, NY 12345 Statement for: The Tackle Shack 445 Main Street Lake City, NY 12345 Account # 76-7888-0987 CHECKING SUMMARY Previous statement balance on 6/30/19 Total of 4 deposits Total of 16 withdrawals Interest earnings Service charges New balance 46,543.89 + 31,209.11 - 27,077.77 119.34 55.00 50.739.57 CHECKS AND OTHER DEBITS Check...
1. What is the purpose of a Bank Reconciliation Statement? 2.Preparing a bank Reconciliation Statement: •The...
1. What is the purpose of a Bank Reconciliation Statement? 2.Preparing a bank Reconciliation Statement: •The July 31 bank statement for Parkview Company indicated a cash balance of $5,000.17. •The cash ledger account on that date shows a balance of $4,262.83. •Four outstanding checks totaled $717.75. •A $410.90 deposit made after banking hours on July 31 does not appear in the bank statement. •On July 30, the bank returned J.B. Ball’s NSF check for $50.25, received as payment of an...
Melissa Jackson, bookkeeper for Kinko Company, cannot prepare a bank reconciliation. The bank statement showed a...
Melissa Jackson, bookkeeper for Kinko Company, cannot prepare a bank reconciliation. The bank statement showed a $4,000.27 balance. Melissa's checkbook showed a $4,064.22 balance. Melissa placed a $516.40 deposit in the bank's night depository on June 30, 2015. The deposit did not appear on the bank statement. The bank included two DMs and one CM with the returned checks: $716.85 DM for NSF check, $11.60 DM for service charges, and $453.20 CM (less $25.00 collection fee) for collecting a $453.20...
Chapter 5 Bank Reconciliation Numbers Corporation February 28 bank statement has an ending cash balance of...
Chapter 5 Bank Reconciliation Numbers Corporation February 28 bank statement has an ending cash balance of $2,567. On February 28, Numbers Corporation check register shows a cash balance of $860. After comparing the check register items to the bank statement, the following items were noted: a) Outstanding checks total $2,250 b) Interest paid by the bank on the statement C) NSF check from a customer 32 d) Deposit in transit 1,900 e) Service fees charged by the bank Direct deposit...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers...
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...
Question 4 You have just received the 30 June 2020 bank statement of Zoom Electronics from...
Question 4 You have just received the 30 June 2020 bank statement of Zoom Electronics from Costco Bank. To assist you in your bank reconciliation, you have gathered the following information: 1) Zoom Electronics' cash account shows a balance of $2,900 on 30 June. ii) The bank statement includes two dishonoured cheques from customers of $400 (cheque number 190) and $110 (cheque number 192). The following Zoom Electronics cheques are outstanding at 30 June: Cheque number Amount Cheque number 137...
Question 4 (17 marks) You have just received the 30 June 2020 bank statement of Zoom...
Question 4 (17 marks) You have just received the 30 June 2020 bank statement of Zoom Electronics from Costco Bank. To assist you in your bank reconciliation, you have gathered the following information i Zoom Electronics' cash account shows a balance of $2,900 on 30 June ii. The bank statement includes two dishonoured cheques from customers of $400 (cheque number 190) and $110 (cheque number 192). Hi, The following Zoom Electronics cheques are outstanding at 30 June Cheque number Amount...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Nakajima...
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...
E5-16 Bank reconciliation Identify each of the following reconciling items as: (a) an addition to the cash balance ac- cording to the bank statement, (b) a deduction from the cash balance according to the bank statement, (c) an addition to the cash balance according to the company's records, or (d) a deduction from the cash balance according to the company's records. (None of the trans- actions reperted by bank debit and credit memos have been recorded by the company.) 1....
125% Insert Tablc Chart Zoom Check Register Bank Reconciliation Bank Statement 2 Bank Statement First Bank Virginia Beach, VA Customer: My Company Statement date: 30-Sep-19 1111 College Way Virginia Beach, VA Account # 4654389 September 1 Beginning Balance $ 16,850.00 + Deposits and other Credits $ 22,367.00 - Checks and other Debits $ (11,822.00) September 30 ENDING BALANCE $ 27,395.00 Deposits and Other Credits 1-Sep $1,500.00 $2,514.00 25-Sep 29-Sep $10,000.00 $ 4,500.00 15-Sep 16-Sep 20-Sep $ 350.00 $ 500.00 Interest...
Bank Statement Check Register Bank Reconciliation Bank State Statement date: July 1, 2019 - July 31, 2019 Lake City National Bank 212 Golden Street PO Box 6458 Lake City, NY 12345 Statement for: The Tackle Shack 445 Main Street Lake City, NY 12345 Account # 76-7888-0987 CHECKING SUMMARY Previous statement balance on 6/30/19 Total of 4 deposits Total of 16 withdrawals Interest earnings Service charges New balance 46,543.89 + 31,209.11 - 27,077.77 119.34 55.00 50.739.57 CHECKS AND OTHER DEBITS Check...
Melissa Jackson, bookkeeper for Kinko Company, cannot prepare a bank reconciliation. The bank statement showed a $4,000.27 balance. Melissa's checkbook showed a $4,064.22 balance. Melissa placed a $516.40 deposit in the bank's night depository on June 30, 2015. The deposit did not appear on the bank statement. The bank included two DMs and one CM with the returned checks: $716.85 DM for NSF check, $11.60 DM for service charges, and $453.20 CM (less $25.00 collection fee) for collecting a $453.20...
Chapter 5 Bank Reconciliation Numbers Corporation February 28 bank statement has an ending cash balance of $2,567. On February 28, Numbers Corporation check register shows a cash balance of $860. After comparing the check register items to the bank statement, the following items were noted: a) Outstanding checks total $2,250 b) Interest paid by the bank on the statement C) NSF check from a customer 32 d) Deposit in transit 1,900 e) Service fees charged by the bank Direct deposit...
Question 4 You have just received the 30 June 2020 bank statement of Zoom Electronics from Costco Bank. To assist you in your bank reconciliation, you have gathered the following information: 1) Zoom Electronics' cash account shows a balance of $2,900 on 30 June. ii) The bank statement includes two dishonoured cheques from customers of $400 (cheque number 190) and $110 (cheque number 192). The following Zoom Electronics cheques are outstanding at 30 June: Cheque number Amount Cheque number 137...
Question 4 (17 marks) You have just received the 30 June 2020 bank statement of Zoom Electronics from Costco Bank. To assist you in your bank reconciliation, you have gathered the following information i Zoom Electronics' cash account shows a balance of $2,900 on 30 June ii. The bank statement includes two dishonoured cheques from customers of $400 (cheque number 190) and $110 (cheque number 192). Hi, The following Zoom Electronics cheques are outstanding at 30 June Cheque number Amount...
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...
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