Homework Answers
| Cash balance as per bank statement | 5300 | |
| ADD : Deposits in transit | 950 | |
| 6250 | ||
| LESS : Outstanding checks | 1860 | |
| Adjusted cash balance per bank | 4390 | |
| Cash balance as per books | 5905 | |
| LESS | ||
| NSF check | 1490 | |
| Bank service charge | 25 | |
| 1515 | ||
| Adjusted cash balance per books | 4390 | |
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Question 13 Blue Company is unable to reconcile the bank balance at January 31. Blue's reconciliation...
Blue Company is unable to reconcile the bank balance at January 31. Blue’s reconciliation is as...
Blue Company is unable to reconcile the bank balance at January 31. Blue’s reconciliation is as follows. Cash balance per bank $5,300 Add: NSF check 1,490 Less: Bank service charge 25 Adjusted balance per bank $6,815 Cash balance per books $5,905 Less: Deposits in transit 950 Add: Outstanding checks 1,860 Adjusted balance per books $6,815 Prepare a correct bank reconciliation. (List items that increase cash balance first.)
Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as...
Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as follows. Cash balance per bank $5,300 1,570 Add: NSF check Less: Bank service charge 35 Adjusted balance per bank $6,835 $5,705 750 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books 1,950 $6,905 Prepare a correct bank reconciliation. (List items that increase cash balance first.)
Cheyenne is unable to reconcile the bank balance at January 31. Cheyenne's reconciliation is as follows....
Cheyenne is unable to reconcile the bank balance at January 31. Cheyenne's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,300.20 320.00 34.00 $4,586.20 Cash balance per books $4,615.20 Less: Deposits in transit 900.00 Add: Outstanding checks 939.00 Adjusted balance per books $4,654.20 Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.)...
Exercise 7-9 Concord is unable to reconcile the bank balance at January 31. Concord's reconciliation is...
Exercise 7-9 Concord is unable to reconcile the bank balance at January 31. Concord's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,440.20 250.00 33.00 $4,657.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,755.20 970.00 938.00 $4,723.20 Prepare a correct bank reconciliation. (List items that increase cash balance first Reconcile cash balance per bank first round answers to 2 decimal places,...
Laura Sells is unable to reconcile the bank balance at January 31. Laura’s reconciliation is shown...
Laura Sells is unable to reconcile the bank balance at January
31. Laura’s reconciliation is shown here.
Cash balance per bank
$3,732.20
Add: NSF check
485.00
Less: Bank service charge
43.50
Adjusted balance per bank
$4,173.70
Cash balance per books
$4,030.20
Less: Deposits in transit
574.50
Add: Outstanding checks
805.00
Adjusted balance per books
$4,260.70
(a) What is the proper adjusted cash balance per bank?
(Round answers to 2 decimal places, e.g.
52.75.)
The proper adjusted cash balance per bank...
They go together Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's...
They go
together
Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown here. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $3,817.20 635.00 44.00 $4,408.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,115.20 574.00 955.00 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, e.g. 52.75) The proper adjusted cash balance...
Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown...
Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown as follows Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,632.20 495.00 51.00 $5.076.20 Cash balance per books $4,930 20 Les Deposits in transit 567.00 Add: Outstanding checks 15.00 Adjusted balance per books 55.178 20 (a) What is the proper adjusted cash balance perbank (Round ers to 2 decimal places 52.75) The proper adjusted cash balance per...
2. Exercise 5-6 Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's...
2.
Exercise 5-6 Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown as follows. Cash balance per bank Add: NSF check Less: Bank service charge $3,687.20 460.00 33.00 Adjusted balance per bank $4,114.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $3.985.20 585.00 780.00 $4,180.20 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, e.g. 52.75.) The proper adjusted...
Question 11 P. Didee has the following inventory information. July 1 Beginning Inventory 5 Purchases 14...
Question 11 P. Didee has the following inventory information. July 1 Beginning Inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 20 units at $90 120 units at $92 90 units 60 units at $95 58 units Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis? $4,744 O $4,750 $4,940 $4,790 Click if you would like to Show Work for this question: Open Show Work Question 14 The petty cash fund of...
Question 3 View Policies Current Attempt in Progress Margaret Sells is unable to reconcile the bank...
Question 3 View Policies Current Attempt in Progress Margaret Sells is unable to reconcile the bank balance at January 31. Margaret's reconciliation is shown here. Cash balance per bank $4,677.20 Add: NSF check 605.00 Less: Bank service charge 51.50 Adjusted balance per bank $5,230.70 Cash balance per books $4,975.20 Less: Deposits in transit 566.50 Add:Outstanding checks 925.00 Adjusted balance per books $5,333.70 (a) What is the proper adjusted cash balance per bank? (Round answers to2 decimal places, e.g. 52.75.) The...
Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as follows. Cash balance per bank $5,300 1,570 Add: NSF check Less: Bank service charge 35 Adjusted balance per bank $6,835 $5,705 750 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books 1,950 $6,905 Prepare a correct bank reconciliation. (List items that increase cash balance first.)
Cheyenne is unable to reconcile the bank balance at January 31. Cheyenne's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,300.20 320.00 34.00 $4,586.20 Cash balance per books $4,615.20 Less: Deposits in transit 900.00 Add: Outstanding checks 939.00 Adjusted balance per books $4,654.20 Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.)...
Exercise 7-9 Concord is unable to reconcile the bank balance at January 31. Concord's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,440.20 250.00 33.00 $4,657.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,755.20 970.00 938.00 $4,723.20 Prepare a correct bank reconciliation. (List items that increase cash balance first Reconcile cash balance per bank first round answers to 2 decimal places,...
Laura Sells is unable to reconcile the bank balance at January
31. Laura’s reconciliation is shown here.
Cash balance per bank
$3,732.20
Add: NSF check
485.00
Less: Bank service charge
43.50
Adjusted balance per bank
$4,173.70
Cash balance per books
$4,030.20
Less: Deposits in transit
574.50
Add: Outstanding checks
805.00
Adjusted balance per books
$4,260.70
(a) What is the proper adjusted cash balance per bank?
(Round answers to 2 decimal places, e.g.
52.75.)
The proper adjusted cash balance per bank...
They go
together
Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown here. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $3,817.20 635.00 44.00 $4,408.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,115.20 574.00 955.00 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, e.g. 52.75) The proper adjusted cash balance...
Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown as follows Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,632.20 495.00 51.00 $5.076.20 Cash balance per books $4,930 20 Les Deposits in transit 567.00 Add: Outstanding checks 15.00 Adjusted balance per books 55.178 20 (a) What is the proper adjusted cash balance perbank (Round ers to 2 decimal places 52.75) The proper adjusted cash balance per...
2.
Exercise 5-6 Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown as follows. Cash balance per bank Add: NSF check Less: Bank service charge $3,687.20 460.00 33.00 Adjusted balance per bank $4,114.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $3.985.20 585.00 780.00 $4,180.20 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, e.g. 52.75.) The proper adjusted...
Question 11 P. Didee has the following inventory information. July 1 Beginning Inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 20 units at $90 120 units at $92 90 units 60 units at $95 58 units Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis? $4,744 O $4,750 $4,940 $4,790 Click if you would like to Show Work for this question: Open Show Work Question 14 The petty cash fund of...
Question 3 View Policies Current Attempt in Progress Margaret Sells is unable to reconcile the bank balance at January 31. Margaret's reconciliation is shown here. Cash balance per bank $4,677.20 Add: NSF check 605.00 Less: Bank service charge 51.50 Adjusted balance per bank $5,230.70 Cash balance per books $4,975.20 Less: Deposits in transit 566.50 Add:Outstanding checks 925.00 Adjusted balance per books $5,333.70 (a) What is the proper adjusted cash balance per bank? (Round answers to2 decimal places, e.g. 52.75.) The...
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