Cash balance according to bank statement = $ 2979
Adjustments :
Add : Deposits in transit not recorded in bank = $ 782
Deduct : Outstanding Checks = $ ( 629 )
Adjusted balance = $ 3132
Cash balance according to company records = $ 3243
Deduct : Bank charges = $(102)
Deduct : Error = $ (9)
Adjusted balance = $ 3132
Using the following information: a. The bank statement balance is $2,979. b. The cash account balance...
a. The bank statement balance is $3,159 b. The cash account balance is $3,334. c. Outstanding checks amounted to $785 d. Deposits in transit are $850 e. The bank service charge is $101 f. A check for $53 for supplies was recorded as $44 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliatiorn August 31 Cash balance according to bank statement Adjustments: 3,159 Deposits in transit not recorded by bank 850 Outstanding...
Using the following information: The bank statement balance is $5,550. The cash account balance is $5,720. Outstanding checks amounted to $875. Deposits in transit are $1,002. The bank service charge is $34. A check for $43 for supplies was recorded as $34 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation May 31 Cash balance according to bank statement$ Adjustments: Deposits in transit not recorded by bank $ Outstanding checks Total adjustments...
Using the following information: The bank statement balance is $4,045. The cash account balance is $4,474. Outstanding checks amounted to $769. Deposits in transit are $1,121. The bank service charge is $68. A check for $34 for supplies was recorded as $25 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation May 31 Cash balance according to bank statement $ Adjustments: $ Total adjustments Adjusted balance $ Cash balance according to company's...
bank reconciliation the following dada were accumulated for use in reconciliation gonna in the bank account of Creative Design Co. for August 20Y6 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, $42,920. 2. Cash balance according to the bank statement at August 31, $56,300. 3. Checks outstanding, $25,390. 4. Deposit in transit not recorded by bank,...
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...
Using the following information:The bank statement balance is $4,690.The cash account balance is $5,080.Outstanding checks amounted to $715.Deposits in transit are $1,020.The bank service charge is $40.A check for $72 for supplies was recorded as $27 in the ledger.Prepare a bank reconciliation for Miller Co. for August 31.
The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $20,320. Cash balance according to the bank statement at August 31, $21,160. Checks outstanding, $4,120. Deposit in transit, not recorded by bank, $3,310. A check for $340 in payment of an account was erroneously recorded in the check register as $430. Bank debit memo for service charges, $60. a. Prepare a...
Bank Reconciliation An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. $11,100 Bank Reconciliation July 31, 2014 Cash balance according to company's records Adjustments: Outstanding checks Error by Chesner Co. in recording Check No. 1056 as $950 instead of $590 $3,585 Note for $12,000 collected by bank, including interest Deposit in transit on July 31 360 12,480 (7,200) (25) Bank service charges Total adjustments Cash balance according to bank statement 9,200 $20,300 a. From the data...
The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $22,350. Cash balance according to the bank statement at August 31, $23,570. Checks outstanding, $4,540. Deposit in transit, not recorded by bank, $3,640. A check for $590 in payment of an account was erroneously recorded in the check register as $950. Bank debit memo for service charges, $40. a. Prepare a...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company’s records at August 31, $42,920. Cash balance according to the bank statement at August 31, $56,300. Checks outstanding, $25,390. Deposit in transit not recorded by bank, $13,325. A check for $150 in payment of an account was erroneously recorded in the check register as $1,500. Bank debit memo for service charges, $35. a....