Homework Answers
Adjusted cash balance per books on August 31st
= Cash balance per books August, 31st + Note receivable with interest collected by the banks - Bank service charges - NSF check
= $9,400 + $2,500 - $50 - $400
= $11,450
2nd option
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Jones Company collected the following information to prepare its August bank reconciliation: Cash balance per books,...
Marta Company gathered the following information in preparing its August bank reconciliation: Cash balance per books,...
Marta Company gathered the following information in preparing its August bank reconciliation: Cash balance per books, 8/31 (unadjusted) $87,000 Deposits in transit 300 Notes receivable and interest collected by bank 1,700 Bank charge for check printing 40 Outstanding checks 4,000 NSF check 340 The adjusted cash balance per books on August 31 is: O$84,620 O $88,020 o $88,320 O $84,920
33. Wilson Company gathered the following reconciling information in preparing its August bank reconciliation: $7,000 300...
33. Wilson Company gathered the following reconciling information in preparing its August bank reconciliation: $7,000 300 1,700 40 4,000 340 Cash balance per books, 8/31 Deposits in transit Notes receivable and interest collected by bank Bank charge for check printing Outstanding checks NSF check The adjusted cash balance per books on August 31 is a. $8,320. b. $8,020. c. $4,620. d. $4,920. 34.An adjusting entry is not required for a. outstanding checks. b. collection of a note by the bank....
Electric Sunset Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance...
Electric Sunset Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books, 7/31 $5,500 Deposits in transit 300 Notes receivable and interest collected by bank 1,100 Bank charge for check printing 20 Outstanding checks 2,000 NSF check 170 The adjusted cash balance per books on July 31 is Question 1 options: a) $4,410. b) $6,410. c) $6,710. d) $4,710.
Need help! The following information pertains to Crane Company. 1. Cash balance per books, August 31,...
Need help!
The following information pertains to Crane Company. 1. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. 3. Outstanding checks, August 31, $689. 4. August bank service charge not recorded by the depositor $41. 5. Deposits in transit, August 31, $2,760. In addition, $2,076 collected for Crane Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Crane Company. Prepare a bank reconciliation at...
Derek Company gathered the following reconciling information in preparing its September bank reconciliation: Cash balance per...
Derek Company gathered the following reconciling information in preparing its September bank reconciliation: Cash balance per books, 9/30 $3,256 Deposits in transit 557 Notes receivable and interest collected by bank 795 Bank charge for check printing 35 Outstanding checks 1,233 NSF check 188 Find the adjusted cash balance per books on September 30. Select the correct answer. $3,152 $2,580 $3,828 $3,340
. Grant Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance...
. Grant Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books, 7/31 $3,500 Deposits-in-transit 150 Notes receivable and interest collected by bank 850 Bank charge for check printing 20 Outstanding checks 2,000 Check returned for NSF 170 The adjusted cash balance per books on July 31 is a. $4,160. b. $4,010. c. $2,310. d. $2,460.
The following information pertains to Sunland Company. 1. Cash balance per books, August 31, $7,424. 2....
The following information pertains to Sunland Company. 1. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. 3. Outstanding checks, August 31, $695. 4. August bank service charge not recorded by the depositor $47. 5. Deposits in transit, August 31, $3,060. In addition, $2,376 collected for Sunland Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sunland Company. Prepare a bank reconciliation at August 31,...
Calculator Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation Cash balance...
Calculator Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation Cash balance per books, 9/30 Deposits in transit Notes receivable and interest collected by bank 630 Bank charge for check printing Outstanding checks NSF check Calculate the adjusted cash balance per books on September 30. Oa. $3,040. Ob. $5,130. Oc. $1,590. $2,750 200 50 1,250 290 All work saved
Oxley Company gathered the following reconciling information in preparing its June Bank Reconciliation: Cash balance per...
Oxley Company gathered the following reconciling information in preparing its June Bank Reconciliation: Cash balance per General Ledger, June 30 $4,119 Deposits in Transit $627 Notes Receivable and Interest collected by bank $1,216 Bank Charge for check printing $35 Outstanding Checks $1,719 NSF Check $1,276 What is the Adjusted Cash Balance on June 30?
Multiple Choice Question 132 Vaughn Manufacturing gathered the following reconciling information in preparing its August bank...
Multiple Choice Question 132 Vaughn Manufacturing gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 Deposits in transit Notes receivable and interest collected by bank Bank charge for check printing Outstanding checks NSF check $28600 1200 6900 160 16300 1390 The adjusted cash balance per books on August 31 is $33950. $20150 $32750 $18730.
Marta Company gathered the following information in preparing its August bank reconciliation: Cash balance per books, 8/31 (unadjusted) $87,000 Deposits in transit 300 Notes receivable and interest collected by bank 1,700 Bank charge for check printing 40 Outstanding checks 4,000 NSF check 340 The adjusted cash balance per books on August 31 is: O$84,620 O $88,020 o $88,320 O $84,920
33. Wilson Company gathered the following reconciling information in preparing its August bank reconciliation: $7,000 300 1,700 40 4,000 340 Cash balance per books, 8/31 Deposits in transit Notes receivable and interest collected by bank Bank charge for check printing Outstanding checks NSF check The adjusted cash balance per books on August 31 is a. $8,320. b. $8,020. c. $4,620. d. $4,920. 34.An adjusting entry is not required for a. outstanding checks. b. collection of a note by the bank....
Need help!
The following information pertains to Crane Company. 1. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. 3. Outstanding checks, August 31, $689. 4. August bank service charge not recorded by the depositor $41. 5. Deposits in transit, August 31, $2,760. In addition, $2,076 collected for Crane Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Crane Company. Prepare a bank reconciliation at...
The following information pertains to Sunland Company. 1. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. 3. Outstanding checks, August 31, $695. 4. August bank service charge not recorded by the depositor $47. 5. Deposits in transit, August 31, $3,060. In addition, $2,376 collected for Sunland Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sunland Company. Prepare a bank reconciliation at August 31,...
Calculator Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation Cash balance per books, 9/30 Deposits in transit Notes receivable and interest collected by bank 630 Bank charge for check printing Outstanding checks NSF check Calculate the adjusted cash balance per books on September 30. Oa. $3,040. Ob. $5,130. Oc. $1,590. $2,750 200 50 1,250 290 All work saved
Multiple Choice Question 132 Vaughn Manufacturing gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 Deposits in transit Notes receivable and interest collected by bank Bank charge for check printing Outstanding checks NSF check $28600 1200 6900 160 16300 1390 The adjusted cash balance per books on August 31 is $33950. $20150 $32750 $18730.
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