Ans. | IVANHOE COMPANY | ||
Bank Reconciliation | |||
For the Month Ended August 31, 2022 | |||
Cash balance per bank | $7,388 | ||
Add: Deposit in transit | $2,860 | ||
$10,248 | |||
Less: Outstanding checks | -$691 | ||
Adjusted balance per bank | $9,557 | ||
Cash balance per book | $7,424 | ||
Add: Collected from EFT | $2,176 | ||
$9,600 | |||
Less: Bank service charges | -$43 | ||
Adjusted Cash Balance per book | $9,557 | ||
*Adjusted cash balance per bank is equal to Adjusted cash balance per book. | |||
The following information pertains to Ivanhoe Company. 1. Cash balance per books, August 31, $7,424. 2....
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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,...
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 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,...
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 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, $7,388. 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...
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...
The following information pertains to Oriole Video Company. 1. 2. 3. 4. Cash balance per bank, July 31, $7,783. July bank service charge not recorded by the depositor $34. Cash balance per books, July 31, $7,804. Deposits in transit, July 31, $1,760. Bank collected $1,160 note for Oriole in July, plus interest $42, less fee $26. The collection has not been recorded by Oriole, and no interest has been accrued. Outstanding checks, July 31, $597. 5. 6. (a) Prepare a...