Bank Balance Options: Add, NA, Subtract
1st Book Balance Options: Add, NA, Subtract
2nd Book Balance Option: DR, CR, NA
Homework Answers
| EVENTS | BANK BALANCE | BOOK BALANCE | SHOWN OR NOT SHOWN ON RECONCILIATION | |
| 1 | NA | NA | NA | NOT SHOWN |
| 2 | SUBTRACT | ADD | DR. | SHOWN |
| 3 | SUBTRACT | ADD | DR. | SHOWN |
| 4 | SUBTRACT | ADD | DR. | SHOWN |
| 5 | SUBTRACT | ADD | DR. | SHOWN |
| 6 | ADD | SUBTRACT | CR. | SHOWN |
| 7 | NA | NA | NA | NOT SHOWN |
| 8 | SUBTRACT | ADD | DR. | SHOWN |
| 9 | ADD | SUBTRACT | CR. | SHOWN |
| 10 | NA | NA | NA | NOT SHOWN |
| 11 | ADD | SUBTRACT | CR. | SHOWN |
| 12 | SUBTRACT | ADD | DR. | SHOWN |
Add Answer to:
Bank Balance Options: Add, NA, Subtract
1st Book Balance Options: Add, NA, Subtract
2nd Book Balance...
Item Bank Balance Book Balance Sho Sh Rec 4 1. NSF check from a customer is...
Item Bank Balance Book Balance Sho Sh Rec 4 1. NSF check from a customer is shown on the bank statement but not yet recorded by the company 2. Checks written by another depositor but mistakenly charged against this companya€ s account. 3. Outstanding checks to suppliers existed at the end of September Check written against the company's account and cleared by the bank; erroneously not recorded by the company's recordkeeper 5. Bank service charge for September is not yet...
A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or subtracted from the book or bank balance
A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation. (Select the answers in the appropriate cells. Leave no cells blank. Be certain to select "NA" in fields which are not applicable.) 1. NSF check from a customer is shown on the bank statement but...
Exercise 8-11 Bank reconciliation and adjusting entries LO P3
Exercise 8-11 Bank reconciliation and adjusting entries LO P3A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation. (Select the answers in the appropriate cells. Leave no cells blank. Be certain to select "NA" in fields which are not applicable.)Exercise 8-11 Bank reconciliation and...
Exercise 6-9 Bank reconciliation and adjusting entries LO P3 A table for a monthly bank reconciliation dated September 30 is given below.
Exercise 6-9 Bank reconciliation and adjusting entries LO P3 A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or deducted from the book or bank balance, or whether it should not appear on the reconciliation. 1. NSF check from customer is returned on September 25 but not yet recorded by this company. 2 Interest earned on the September cash balance in the bank 3 Deposit made...
BE4-8 Indicate whether the firm should add or subtract each item below from its balance of...
BE4-8 Indicate whether the firm should add or subtract each item below from its balance of cash or the bank's balance of cash in preparing a bank reconciliation. The first answer is provided as an example. If an item is not a reconciling item, state “No entry.” Bank Balance Subtract Company Balance No entry Reconciliation Items 1. Checks outstanding 2. NSF checks 3. Deposit recorded twice by company 4. Interest earned 5. Deposits outstanding 6. Bank service fees
Chavez Company most recently reconciled its bank statement and book balances of cash on August 31...
Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding. No. 5888 for $1.028 and No. 5893 for $494. Check No. 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE 16,800 TOTAL CHECKS AND DEBITS 9,617 TOTAL DEPOSITS AND CREDITS 11,270 CURRENT BALANCE 18, 453 CHECKS AND DEBITS Date No. Amount...
The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance as of July 31.
Required information[The following information applies to the questions
displayed below.]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 $24,906 debit
balance, but its July bank statement shows a $27,589 cash
balance.Check No. 3031 for $1,640, Check No. 3065 for $596, and Check
No. 3069 for $2,408 are outstanding checks as of July 31.Check No. 3056 for July rent...
Chavez Company most recently reconciled its bank statement and book balances of cash on August 31...
Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for $1,095 and No. 5893 for $516. Check No. 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 18,000 9,864 11,597 19,733 CHECKS AND DEBITS DEPOSITS AND CREDITS Date...
2. Prepare the journal entries to adjust the book balance of cash to the reconciled balance....
2. Prepare the journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1Sept 30No joumal entry required 2Sept 30 Cash short and over Interest earned Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two...
Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for $1,068 and No. 5893 for $494
Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for $1,068 and No. 5893 for $494. The following information is available for its September 30 reconciliation. From the September 30 Bank Statement From Chavez Company's Accounting RecordsAdditional Information Check No. 5904 is correctly drawn for $2.112 to pay for computer equipment, however, the recordkeeper misread the amount and entered it in the accounting records with a debit to...
Item Bank Balance Book Balance Sho Sh Rec 4 1. NSF check from a customer is shown on the bank statement but not yet recorded by the company 2. Checks written by another depositor but mistakenly charged against this companya€ s account. 3. Outstanding checks to suppliers existed at the end of September Check written against the company's account and cleared by the bank; erroneously not recorded by the company's recordkeeper 5. Bank service charge for September is not yet...
Exercise 8-11 Bank reconciliation and adjusting entries LO P3A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation. (Select the answers in the appropriate cells. Leave no cells blank. Be certain to select "NA" in fields which are not applicable.)Exercise 8-11 Bank reconciliation and...
BE4-8 Indicate whether the firm should add or subtract each item below from its balance of cash or the bank's balance of cash in preparing a bank reconciliation. The first answer is provided as an example. If an item is not a reconciling item, state “No entry.” Bank Balance Subtract Company Balance No entry Reconciliation Items 1. Checks outstanding 2. NSF checks 3. Deposit recorded twice by company 4. Interest earned 5. Deposits outstanding 6. Bank service fees
Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding. No. 5888 for $1.028 and No. 5893 for $494. Check No. 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE 16,800 TOTAL CHECKS AND DEBITS 9,617 TOTAL DEPOSITS AND CREDITS 11,270 CURRENT BALANCE 18, 453 CHECKS AND DEBITS Date No. Amount...
Required information[The following information applies to the questions
displayed below.]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 $24,906 debit
balance, but its July bank statement shows a $27,589 cash
balance.Check No. 3031 for $1,640, Check No. 3065 for $596, and Check
No. 3069 for $2,408 are outstanding checks as of July 31.Check No. 3056 for July rent...
2. Prepare the journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1Sept 30No joumal entry required 2Sept 30 Cash short and over Interest earned Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two...
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