Homework Answers
| Bank Reconciliation | |
| August 31,2022 | |
| Cash balance per bank statement | 7388 |
| Add: Deposits in transit | 3060 |
| 10448 | |
| Less: Outstanding checks | 695 |
| Adjusted cash balance per bank | 9753 |
| Cash balance per books | 7424 |
| Add: Collection on electronic fund transfer | 2376 |
| 9800 | |
| Less: Bank service charge | 47 |
| Adjusted cash balance per books | 9753 |
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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....
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,...
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...
The following information pertains to Ivanhoe Company. 1. Cash balance per books, August 31, $7,424. 2....
The following information pertains to Ivanhoe Company. 1. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. 3. Outstanding checks, August 31, $691. 4. August bank service charge not recorded by the depositor $43. 5. Deposits in transit, August 31, $2,860. In addition, $2,176 collected for Ivanhoe Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Ivanhoe Company. Prepare a bank reconciliation at August 31,...
The following information pertains to Cullumber Company. Cash balance per books, August 31, $7,424. 2. Cash...
The following information pertains to Cullumber Company. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. Outstanding checks, August 31, $701. 4. August bank service charge not recorded by the depositor $53. 5. Deposits in transitAugust 31, $3,360. In addition, $2,676 collected for Cullumber Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Cullumber Company. Prepare a bank reconciliation at August 31, 2022. (List items...
The following information pertains to Blossom Company. 1. Cash balance per books, August 31, $7,374. 2....
The following information pertains to Blossom Company.
1.
Cash balance per books, August 31, $7,374.
2.
Cash balance per bank, August 31, $7,338.
3.
Outstanding checks, August 31, $710.
4.
August bank service charge not recorded by the depositor
$62.
5.
Deposits in transit, August 31, $3,810.
In addition, $3,126 collected for Blossom Company in August by the
bank through electronic funds transfer. The accounts receivable
collection has not been recorded Blossom Company.
Prepare a bank reconciliation at August 31,...
The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $7,388. 2....
The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $7,388. 2. July bank service charge not recorded by the depositor $41. 3. Cash balance per books, July 31, $7,424. 4. Deposits in transit, July 31, $2,760. 5. $2,076 collected for Crane Company in July by the bank through electronic funds transfer. The collection has not been recorded by Crane Company. 6. Outstanding checks, July 31, $689. Date Account Titles and Explanation Debit Credit July 31...
CALCULATOR FULL SCREEN PRINTE Exercise 7-8 The following information pertains to Sunland Company. 1. Cash balance...
CALCULATOR FULL SCREEN PRINTE Exercise 7-8 The following information pertains to Sunland Company. 1. Cash balance per bank, July 31, $7,688 2. July bank service charge not recorded by the depositor $47 3. Cash balance per books, July 31, $7,724 4. Deposits in transit, July 31, $3,060. 5 $2.376 collected for Sunland Company in July by the bank through electronic funds transfer. The collection has not been recorded by Sunland Company 6. Outstanding checks, July 31, $695 Prepare a bank...
The following information pertains to Pharoah Company 1. Cash balance per bank, July 31, $7,830
The following information pertains to Pharoah Company 1. Cash balance per bank, July 31, $7,830 2. July bank service charge not recorded by the depositor $45. 3. Cash balance per books, July 31, $7.920. 4. Deposits in transit, July 31. $3,195. 5. $1,800 collected for Pharoah Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Pharoah Company 6. Outstanding checks, July 31. $1,350. Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as...
The following information pertains to Crane Company 1. Cash balance per bank, July 31. $7.938. 2....
The following information pertains to Crane Company 1. Cash balance per bank, July 31. $7.938. 2. July bank service charge not recorded by the depositor $52. 3. Cash balance per books, July 31, $7.974. 4. Deposits in transit, July 31. $3,310. 5. $2.626 collected for Crane Company in July by the bank through electronic funds transfer. The collection has not been recorded by Crane Company. 6. Outstanding checks, July 31, $700. Prepare a bank reconciliation at July 31, 2017. (List...
The following information pertains to Oriole Company 1. Cash balance per bank, July 31, $7.538. 2....
The following information pertains to Oriole Company 1. Cash balance per bank, July 31, $7.538. 2. July bank service charge not recorded by the depositor $44. 3. Cash balance per books, July 31, $7,574 4. Deposits in transit, July 31. $2.910. 5. $2,226 collected for Oriole Company in July by the bank through electronic funds transfer. The collection has not been recorded by Oriole Company 6. Outstanding checks, July 31. $692 Your answer is correct. 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,...
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 Ivanhoe Company. 1. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. 3. Outstanding checks, August 31, $691. 4. August bank service charge not recorded by the depositor $43. 5. Deposits in transit, August 31, $2,860. In addition, $2,176 collected for Ivanhoe Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Ivanhoe Company. Prepare a bank reconciliation at August 31,...
The following information pertains to Cullumber Company. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. Outstanding checks, August 31, $701. 4. August bank service charge not recorded by the depositor $53. 5. Deposits in transitAugust 31, $3,360. In addition, $2,676 collected for Cullumber Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Cullumber Company. Prepare a bank reconciliation at August 31, 2022. (List items...
The following information pertains to Blossom Company.
1.
Cash balance per books, August 31, $7,374.
2.
Cash balance per bank, August 31, $7,338.
3.
Outstanding checks, August 31, $710.
4.
August bank service charge not recorded by the depositor
$62.
5.
Deposits in transit, August 31, $3,810.
In addition, $3,126 collected for Blossom Company in August by the
bank through electronic funds transfer. The accounts receivable
collection has not been recorded Blossom Company.
Prepare a bank reconciliation at August 31,...
The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $7,388. 2. July bank service charge not recorded by the depositor $41. 3. Cash balance per books, July 31, $7,424. 4. Deposits in transit, July 31, $2,760. 5. $2,076 collected for Crane Company in July by the bank through electronic funds transfer. The collection has not been recorded by Crane Company. 6. Outstanding checks, July 31, $689. Date Account Titles and Explanation Debit Credit July 31...
CALCULATOR FULL SCREEN PRINTE Exercise 7-8 The following information pertains to Sunland Company. 1. Cash balance per bank, July 31, $7,688 2. July bank service charge not recorded by the depositor $47 3. Cash balance per books, July 31, $7,724 4. Deposits in transit, July 31, $3,060. 5 $2.376 collected for Sunland Company in July by the bank through electronic funds transfer. The collection has not been recorded by Sunland Company 6. Outstanding checks, July 31, $695 Prepare a bank...
The following information pertains to Crane Company 1. Cash balance per bank, July 31. $7.938. 2. July bank service charge not recorded by the depositor $52. 3. Cash balance per books, July 31, $7.974. 4. Deposits in transit, July 31. $3,310. 5. $2.626 collected for Crane Company in July by the bank through electronic funds transfer. The collection has not been recorded by Crane Company. 6. Outstanding checks, July 31, $700. Prepare a bank reconciliation at July 31, 2017. (List...
The following information pertains to Oriole Company 1. Cash balance per bank, July 31, $7.538. 2. July bank service charge not recorded by the depositor $44. 3. Cash balance per books, July 31, $7,574 4. Deposits in transit, July 31. $2.910. 5. $2,226 collected for Oriole Company in July by the bank through electronic funds transfer. The collection has not been recorded by Oriole Company 6. Outstanding checks, July 31. $692 Your answer is correct. Prepare a bank reconciliation at...
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