Chapter& Cash Fraud and InbeX+ Accounting-Financial& Managerial Accounting: Information for Decislons Wild, Shaw, Chlappetta, 7e, Cash,...
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
The information below relates to the Cash account in the ledger of Crane Company. Balance September 1-$17,000; Balance September 30-$17,604; Cash deposited $64,000. Checks written-$63,396. The September bank statement shows a balance of $16,622 on September 30 and the following memoranda. Credits Collection of $1,595 note plus interest $35 Interest earned on checking account $1,630 $50 Debits NSF check: Richard Nance Safety deposit box rent $525 $70 At September 30, deposits in transit were $4,550, and outstanding checks totaled $2,483...
[The following information applies to the questions displayed below.) The following information is available to reconcile Clark Company's book balance of cash with its bank statement cash balance as of July 31, 2011. a. On July 31, the company's Cash account has a $25,642 debit balance, but its July bank statement shows a $28,257 cash balance. b. Check No. 3031 for $1,640 and Check No. 3040 for $812 were outstanding on the June 30 bank reconciliation. Check No. 3040 is...
Question 19 The information below relates to the Cash account in the ledger of Minton Company. Cash deposited-$64,040 Balance September 1-$17,260; Balance September 30-$18,104; Checks written-$63,196 The September bank statement shows a balance of $17,122 on September 30 and the following memoranda. Credits Debits Collection of $1,841 note plus interest $39 Interest earned on checking account $1,880 $54 NSF check: Richard Nance $775 Safety deposit box rent $74 At September 30, deposits in transit were $4,800, and outstanding checks totaled...
Chapter 8 Cash, Fraud, and Internal Controls bank or book 3-5 reconciliation uch of the following items a through g. indicate whether its amount (1) affects the bank of a bank reconciliation. (2) represents an addition or a subtraction in a bank reconciliation and quires an adjusting journal entry. Add or Subtract Adj. Entry or Not Bank or Book Side a. Interest on cash balance ...... b. Bank service charges........... c. Minimum balance charge... d. Outstanding checks e. Credit memo...
The information below relates to the Cash account in the ledger of Oriole Company. Balance September 1-$17,400; Cash deposited-$64,410. Balance September 30-$17,744; Checks written-$64,066. The September bank statement shows a balance of $16,762 on September 30 and the following memoranda. Credits Debits Collection of $1,660 note plus interest $40 $1,700 NSF check: Richard Nance $595 Interest earned on checking account $55 Safety deposit box rent $75 At September 30, deposits in transit were $4,620, and outstanding checks totaled $2,553. Prepare...
Problem: The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2019. A. On July 31, the company's Cash account has a $27,497 debit balance, but its July bank statement shows a $27,233 cash balance. B. Check No. 3031 for $1,482 and Check No: 3040 for $558 were outstanding on the June 30 bank reconciliation. Check No. 3040 is listed with the July canceled checks, but Check...
The Cash account of Reese Corporation had a balance of $3,540 at October 31, 2018. Included were outstanding checks totaling 1,800 and an October 31 deposit of $300 that did not appear on the bank statement The bank statement, which came from Tumstone State Bank, listed an October 31 balance of $5,570. Included in the bank balance was an October 30 collection of $600 on account from a customer who pays the bank directly. The bank statement also showed a...
Accounting: Information for Decisions - Wild, Shaw, Chiappetta, 70, Adjusting Accounts for Financial Statements Type your answer in the box. The expense recognition (matching) principle aims to record (expenses/assets/ilabilities) in the same accounting period as the (expenses/revenues/assets) that are earned as a result of those costs. This principle is a major part of the (timing/adjusting/estimating process, Read about the Do you know the answer? I know it Thako No Idee www w w w, Snow, Chiappetta, 7e, Adjusting Accounts for...
The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance as of July 31. On July 31, the company’s Cash account has a $25,713 debit balance, but its July bank statement shows a $27,846 cash balance. Check No. 3031 for $1,420, Check No. 3065 for $486, and Check No. 3069 for $2,188 are outstanding checks as of July 31. Check No. 3056 for July rent expense was correctly written and drawn...