ZuoTi.Pro
Question

E5-16 Bank reconciliation Identify each of the following reconciling items as: (a) an addition to the cash balance ac- cordin
E5-18 Bank reconciliation The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc.
ES-21 Bank reconciliation An accounting clerk for Westwind Co. prepared the following bank reconciliation: Obj. 5 V Adjusted
Check Register Bank Statement Bank Reconciliation Bank Stater Lake City National Bank 212 Golden Street Statement date: July
125% Table Bank Statemer Check Register Bank Reconciliation Bank Statement The Tackle Shop Check Register DEPOSIT BALANCE CHE
125% Y Table Chart Insert Zoor Vow Bank Recaciliation Bank Statement 2 Check Register Bank Statement The Tackle Shack Bank Re
125% Insert Tablo Chart Zoom Check Register Bank Reconciliation Bank Statement 2 Bank Statement First Bank Virginia Beach, VA
125% Zoom Table Insert Chart Bank Statement Check Register Bank Reconciliation Bank Statement 2 My Companys Records $ 16,850
Bank Reconciliation Check Register Bank S My Company Bank Reconciliation Date: Ending cash balance per bank Add: Subtract: Ad
125% Category Zoom Table Chart Text Insert View Bank Reconciliation Bank Statement 2 Check Register 2 Check Register Account
125% View Zoom Insert Table Chart Check Register 2 Text Shape Media Comment Bank Reconciliation 2 Bank Statement 3 Check Regi
nsert Bank Reconciliation 2 Check Register 2 Bank Statement 3 The Rose and Flower Bank Reconciliation Date: Ending cash balan
125% т Viow Zoom Insert Table Chart Text Check Register 2 Bank Reconciliation 2 Bank Statement 3 Check Register 3 Windsor Com
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Solution E5-16)

Solution:

1

(d) a deduction from the cash balance according to the company’s records

2

(c) an addition to the cash balance according to the company’s records

3

(a) an addition to the cash balance according to the bank statement

4

(d) a deduction from the cash balance according to the company’s records

5

(a) an addition to the cash balance according to the bank statement

6

(b) a deduction from the cash balance according to the bank statement

7

(c) an addition to the cash balance according to the company’s records

Explanation:

1. Bank service charges will be deducted from cash balance as per record of company

2. An error in recording of cheque will be added to cash balance as per record of company

3. Check incorrectly charged by bank will be added to cash balance as per the statement by bank

4. The check of a customer returned by bank to company will be reduced from cash balance as per record of company

5. Deposit in transit will be added to cash balance as per the statement by bank

6. Outstanding checks will be deducted to cash balance as per the statement by bank

7. Note collected by bank will be added to cash balance as per record of company

As per policy we have to answer first question

0 0
Add a comment
Know the answer?
Add Answer to:
E5-16 Bank reconciliation Identify each of the following reconciling items as: (a) an addition to the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 125% ICategory Table Chart Тех Zoom Insert View Bank Reconciliation Bank Statement 2 Check Register 2...

    125% ICategory Table Chart Тех Zoom Insert View Bank Reconciliation Bank Statement 2 Check Register 2 Check Register Account Number: Date: 12345-678-912-3 Statement Statement Account name: The Rose and Flower 30 April 2019 Number: OPENING BALANCE $0.00 DATE CODE TRANSACTION DETAILS OTHER PARTY MONEY OUT MONEY IN BALANCE 1 Apr DC From 12345-678-912-2 AMB Internal Transfer 500.00 500.00 1 Apr BI AMB ****2049 Loan Drawdown 1,500.00 2,000.00 1 Apr 0001 Ch 0001 125.00 1,875.00 To 54321-987-654-0 2 Apr BP Mr...

  • 125% Insert Tablc Chart Zoom Check Register Bank Reconciliation Bank Statement 2 Bank Statement First Bank...

    125% Insert Tablc Chart Zoom Check Register Bank Reconciliation Bank Statement 2 Bank Statement First Bank Virginia Beach, VA Customer: My Company Statement date: 30-Sep-19 1111 College Way Virginia Beach, VA Account # 4654389 September 1 Beginning Balance $ 16,850.00 + Deposits and other Credits $ 22,367.00 - Checks and other Debits $ (11,822.00) September 30 ENDING BALANCE $ 27,395.00 Deposits and Other Credits 1-Sep $1,500.00 $2,514.00 25-Sep 29-Sep $10,000.00 $ 4,500.00 15-Sep 16-Sep 20-Sep $ 350.00 $ 500.00 Interest...

  • Bank Statement Check Register Bank Reconciliation Bank State Statement date: July 1, 2019 - July 31,...

    Bank Statement Check Register Bank Reconciliation Bank State Statement date: July 1, 2019 - July 31, 2019 Lake City National Bank 212 Golden Street PO Box 6458 Lake City, NY 12345 Statement for: The Tackle Shack 445 Main Street Lake City, NY 12345 Account # 76-7888-0987 CHECKING SUMMARY Previous statement balance on 6/30/19 Total of 4 deposits Total of 16 withdrawals Interest earnings Service charges New balance 46,543.89 + 31,209.11 - 27,077.77 119.34 55.00 50.739.57 CHECKS AND OTHER DEBITS Check...

  • eBook Calculator Bank Reconciliation Identify each of the following reconciling items as: a. an addition to...

    Bank ReconciliationIdentify each of the following reconciling items as:a. an addition to the cash balance according to the bank statementb. a deduction from the cash balance according to the bank statementc. an addition to the cash balance according to the company's recordsd. a deduction from the cash balance according to the company's records(None of the transactions reported by bank debit and credit memos have been recorded by the company.)Item1. Bank service charges, $ 30.2. Check of a customer returned by...

  • Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Nakajima...

    Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Nakajima Co, for July: 1. Cash balance according to the company's records at July 31, $49,910. 2. Cash balance according to the bank statement at July 31, $48,250. 3. Checks outstanding, $4,460. 4. Deposit in transit, not recorded by bank, $6,450. 5. A check for $590 issued in payment of an account was erroneously recorded in the check register as $950. 6. Bank debit memo...

  • Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers...

    Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31 $17,490. 2. Cash balance according to the bank statement at July 31, $18,520. 3. Checks outstanding, $3,550. 4. Deposit in transit, not recorded by bank, $2,850. 5. A check for $590 in payment of an account was erroneously recorded in the check register as $950. 6. Bank debit memo for...

  • EX 8-16 Bank reconciliation OBJ. 5 Identify each of the following reconciling items as: (a) an...

    EX 8-16 Bank reconciliation OBJ. 5 Identify each of the following reconciling items as: (a) an addition to the cash balance according to the bank statement, (b) a deduction from the cash balance according to the bank statement, (c) an addition to the cash balance according to the company's records, or (d) a deduction from the cash balance according to the company's records. (None of the transactions reported by bank debit and credit memos have been recorded by the company.)...

  • Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers...

    Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: Cash balance according to the company's records at July 31 $22,020. Cash balance according to the bank statement at July 31, $22,940. Checks outstanding, $4,470. Deposit in transit, not recorded by bank, $3,590. A check for $340 in payment of an account was erroneously recorded in the check register as $430. Bank debit memo for service charges, $50. a. Prepare a...

  • Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative...

    Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $20,870. 2. Cash balance according to the bank statement at August 31, $37,600. 3. Checks outstanding, $23,375 4. Deposit in transit not recorded by bank, $7,500 5. A check for $100 in payment of an account was erroneously recorded in the check register as $1,000. 6. Bank debit...

  • Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers...

    Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: Cash balance according to the company's records at July 31 $14,720. Cash balance according to the bank statement at July 31, $15,730. Checks outstanding, $2,990. Deposit in transit, not recorded by bank, $2,400. A check for $270 in payment of an account was erroneously recorded in the check register as $720. Bank debit memo for service charges, $30. a. Prepare a...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT