Homework Answers
Deposit in transit , May 31 = 1550+5900-4580 = 2870
Outstanding Cheque, May 31 = 2700+3530-4010 = 2220
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Exercise 7-22 (Part Level Submission) Flint Corporation deposits all receipts intact and makes all payments by...
Ayayai Corp. deposits all receipts intact and makes all payments by cheque. The following information is...
Ayayai Corp. deposits all receipts intact and makes all payments by cheque. The following information is available from the cash records: Balance per bank Add: Deposits in transit Deduct: Outstanding cheques Balance per books April 30 Bank Reconciliation $7,100 1,500 (2,000) $6,600 Month of May Results Balance on May 31 May deposits May cheques May note collected (not included in May deposits) May bank service charge May NSF cheque from a customer, returned by the bank (recorded by the bank...
Marina Comp. deposits all receipts and makes all payments by check. The following information is available...
Marina Comp. deposits all receipts and makes all payments by check. The following information is available from the cash records: MARCH 31 BANK RECONCILIATION Balance per bank $26,746 Add: Deposits in transit 2,100 Deduct: Outstanding checks (3,800) Balance per books $25,046 Month of April Results Per Bank Per Books Balance April 30 $27,995 $27,355 April deposits 11,784 13,889 April checks 11,100 10,080 April note collected (not included in April deposits) 3,000 -0- April bank service charge 35 -0- April NSF...
Kesler Co. deposits all receipts intact on the day received and makes all payments by cheque....
Kesler Co. deposits all receipts intact on the day received and makes all payments by cheque. On July 31, 2020, after all posting was completed, its Cash account showed a $10,909 debit balance. However, Kesler's July 31 bank statement showed only $10,031 on deposit in the bank on that day along with the following information a. Outstanding cheques, $2.744 b. Included with the July cancelled cheques returned by the bank was a $28 debit memo for bank services, c. Cheque...
Nancy Lansbury Company deposits all receipts and makes all payments by check. The following information is...
Nancy Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $23,800 Add: Deposits in transit 5,236 Deduct: Outstanding checks (6,800 ) Balance per books $22.236 Month of July Results Per Bank Per Books Balance July 31 $29,410 $31,450 July deposits 15,300 19,754 July checks 13,600 10,540 July note collected (not included in July deposits) 5,100 July bank service charge 51 July NSF...
Linda Lansbury Company deposits all receipts and makes all payments by check. The following information is...
Linda Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation $11,200 Balance per bank Add: Deposits in transit Deduct: Outstanding checks 2,464 (3,200) $10,464 Balance per books Month of July Results Per Bank Per Books $13,840 7,200 6,400 $14,800 9,296 4,960 Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge July NSF check from a...
Sarah Lansbury Company deposits all receipts and makes all payments by check. The following information is...
Sarah Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $39,200 Add: Deposits in transit 8,624 Deduct: Outstanding checks (11,200) Balance per books $36,624 Month of July Results Per Bank Per Books Balance July 31 $48,440 $51,800 July deposits 25,200 32,536 July checks 22.400 17.360 July note collected (not included in July deposits) 8.400 July bank service charge 84 July NSF check...
Chapter 7 Karlie Lizzo Company deposits all receipts and makes all payments by check. The following...
Chapter 7 Karlie Lizzo Company deposits all receipts and makes all payments by check. The following information is available from cash records. Month of July Results Per Bank $22,820 Per Books $20,677 Balance July 31 July deposits in transit $4.910 July checks outstanding $1,710 July note collected (not included in July deposits) $5,780 $5,600 for note and $180 for interest July bank service charge $55 July NSF check from a customer, returned bank the bank (recorded by bank as a...
Nancy Lansbury Company deposits all receipts and makes all payments by check. The following information is...
Nancy Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $23,800 Add: Deposits in transit 5,236 Deduct: Outstanding checks (6,800 ) Balance per books $22,236 Balance July 31 $29,410 $31,450 July deposits 15,300 19,754 July checks 13,600 10,540 July note collected (not included in July deposits) 5,100 July bank service charge 51 July NSF check from a customer, returned by the bank...
Dorothy Lansbury Company deposits all receipts and makes all payments by check. The following information is available f...
Dorothy Lansbury Company deposits all receipts and makes all
payments by check. The following information is available from the
cash records.
June 30 Bank Reconciliation
Balance per bank
$21,000
Add: Deposits in transit
4,620
Deduct: Outstanding checks
(6,000
)
Balance per books
$19,620
Month of July Results
Per Bank
Per Books
Balance July 31
$25,950
$27,750
July deposits
13,500
17,430
July checks
12,000
9,300
July note collected (not included in July deposits)
4,500
July bank service charge
45
July NSF...
Nancy Lansbury Company deposits all receipts and makes all payments by check The following information is...
Nancy Lansbury Company deposits all receipts and makes all payments by check The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank Add: Deposits in transit Deduct: Outstanding checks Balance per books $23.800 5.236 6.800) $22.236 Month of July Results Per Bank $29.410 15.300 13,600 5.100 Per Books $31.450 19.754 10.540 Balance July 31 July deposits uy checks July note collected (not included in July deposits July bank service charge July NSF check from...
Ayayai Corp. deposits all receipts intact and makes all payments by cheque. The following information is available from the cash records: Balance per bank Add: Deposits in transit Deduct: Outstanding cheques Balance per books April 30 Bank Reconciliation $7,100 1,500 (2,000) $6,600 Month of May Results Balance on May 31 May deposits May cheques May note collected (not included in May deposits) May bank service charge May NSF cheque from a customer, returned by the bank (recorded by the bank...
Kesler Co. deposits all receipts intact on the day received and makes all payments by cheque. On July 31, 2020, after all posting was completed, its Cash account showed a $10,909 debit balance. However, Kesler's July 31 bank statement showed only $10,031 on deposit in the bank on that day along with the following information a. Outstanding cheques, $2.744 b. Included with the July cancelled cheques returned by the bank was a $28 debit memo for bank services, c. Cheque...
Nancy Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $23,800 Add: Deposits in transit 5,236 Deduct: Outstanding checks (6,800 ) Balance per books $22.236 Month of July Results Per Bank Per Books Balance July 31 $29,410 $31,450 July deposits 15,300 19,754 July checks 13,600 10,540 July note collected (not included in July deposits) 5,100 July bank service charge 51 July NSF...
Linda Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation $11,200 Balance per bank Add: Deposits in transit Deduct: Outstanding checks 2,464 (3,200) $10,464 Balance per books Month of July Results Per Bank Per Books $13,840 7,200 6,400 $14,800 9,296 4,960 Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge July NSF check from a...
Sarah Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $39,200 Add: Deposits in transit 8,624 Deduct: Outstanding checks (11,200) Balance per books $36,624 Month of July Results Per Bank Per Books Balance July 31 $48,440 $51,800 July deposits 25,200 32,536 July checks 22.400 17.360 July note collected (not included in July deposits) 8.400 July bank service charge 84 July NSF check...
Chapter 7 Karlie Lizzo Company deposits all receipts and makes all payments by check. The following information is available from cash records. Month of July Results Per Bank $22,820 Per Books $20,677 Balance July 31 July deposits in transit $4.910 July checks outstanding $1,710 July note collected (not included in July deposits) $5,780 $5,600 for note and $180 for interest July bank service charge $55 July NSF check from a customer, returned bank the bank (recorded by bank as a...
Dorothy Lansbury Company deposits all receipts and makes all
payments by check. The following information is available from the
cash records.
June 30 Bank Reconciliation
Balance per bank
$21,000
Add: Deposits in transit
4,620
Deduct: Outstanding checks
(6,000
)
Balance per books
$19,620
Month of July Results
Per Bank
Per Books
Balance July 31
$25,950
$27,750
July deposits
13,500
17,430
July checks
12,000
9,300
July note collected (not included in July deposits)
4,500
July bank service charge
45
July NSF...
Nancy Lansbury Company deposits all receipts and makes all payments by check The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank Add: Deposits in transit Deduct: Outstanding checks Balance per books $23.800 5.236 6.800) $22.236 Month of July Results Per Bank $29.410 15.300 13,600 5.100 Per Books $31.450 19.754 10.540 Balance July 31 July deposits uy checks July note collected (not included in July deposits July bank service charge July NSF check from...
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