Homework Answers
| Company balance | 2395 |
| Service fees | -76 |
| NSF check | -260 |
| Note received | 1000 |
| Interest earned | 26 |
| Reconciled Company balance | 3085 |
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Bourne Incorporated reports a cash balance at the end of the month of $2,395. A comparison...
Bourne Incorporated reports a cash balance at the end of the month of $2,445. A comparison...
Bourne Incorporated reports a cash balance at the end of the month of $2,445. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($78), an NSF check from a customer ($280), a customer’s note receivable collected by the bank ($1,100), and interest earned ($28). Calculate the reconciled company balance for cash. (Amounts to be deducted should be indicated with a minus sign.) Company balance Service fees NSF check Note...
Bourne Incorporated reports a cash balance at the end of the month of $2,195. A comparison...
Bourne Incorporated reports a cash balance at the end of the month of $2,195. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($68), an NSF check from a customer ($180), a customer’s note receivable collected by the bank ($1,200), and interest earned ($18). Required: Record the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in...
A company's bank statement shows a cash balance of $4.110. Comparing the company's cash records with...
A company's bank statement shows a cash balance of $4.110. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,130, NSF check of $260, interest earned of $31. service fee of $42, and a check for $150 recorded twice by the company. Calculate the correct balance of cash. ach balance $ 2,379 Prey 2 of 10 Next >
Item 2 Item 2 A company's bank statement shows a cash balance of $4,110. Comparing the...
Item 2 Item 2 A company's bank statement shows a cash balance of $4,110. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,130, NSF check of $260, interest earned of $31, service fee of $42, and a check for $150 recorded twice by the company. Calculate the correct balance of cash.
Madison Company's cash ledger reports the following for the month ending March 31 Deposits: $ Amount...
Madison Company's cash ledger reports the following for the month ending March 31 Deposits: $ Amount 1,800 1,180 No Checks: 541 542 Asunt $ 5,600 Date 3/4 3/11 3/18 3/25 3/26-3/31 543 3,500 2,800 $ 13,600 Cash receipts: Date 3/2 3/8 3/12 3/19 3/27 3/28 3/30 544 545 $12.00 Balance on March 1 Receipts Disbursements Balance on March 31 $ 6,200 13,600 (12,400) $ 7,480 Information from March's bank statement and company records reveals the following additional information a. The...
Madison Company's cash ledger reports the following for the month ending March 31, Deposits: Amount 55,600...
Madison Company's cash ledger reports the following for the month ending March 31, Deposits: Amount 55,600 Date 3/4 3/11 3/18 3/25 3/26-3/31 Amount $ 1,800 1,169 4,469 3,500 2,869 $ 13,600 Cash receipts: No. Date Checks: 541 3/2 542 3/8 543 3/12 544 3/19 545 3/27 3/28 5473/30 2,00 1,500 400 969 1,400 $12,400 $ Balance on March 1 Receipts Disbursements Balance on March 31 6,200 13,600 (12,400) 7,400 $ Information from March's bank statement and company records reveals the...
16 A company's bank statement shows a cash balance of $4,200. Comparing the company's cash records...
16 A company's bank statement shows a cash balance of $4,200. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,160, NSF check of $270, interest earned of $32, service fee of $47, and a check for $170 recorded twice by the company Calculate the correct balance of cash. Cash balance
Brangelina Adoption Agency's general ledger shows a cash balance of $4,575. The balance of cash in...
Brangelina Adoption Agency's general ledger shows a cash balance of $4,575. The balance of cash in the March-end bank statement is $7,309. A review of the bank statement reveals the following Information: checks outstanding of $2,785, bank service fees of $67, and Interest earned of $16 Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.) Bank balance Checks outstanding Company balance Service fees Interest earned Cash balance...
The cash records and bank statement for the month of July for Glover Incorporated are shown...
The cash records and bank statement for the month of July for Glover Incorporated are shown below. GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance Cash Balance July 1. Cash 2021 Receipts 57,390 58,630 Cash Receipts Date Desc 7/9 Sales 7/21 Sales 7/31 Sales July 31, 2021 $5,888 Amount $2,630 3,210 2,790 Date 7/2 7/12 7/19 7/22 7/30 Cash Disbursements $10,140 Cash Disbursements Check Desc 531 Rent 532 Salaries 533 Equipment 534 Utilities Advertising...
TJ Company's cash ledger reports the following for the month ending October 31, 20XE. Deposits Date...
TJ Company's cash ledger reports the following for the month ending October 31, 20XE. Deposits Date 3-Oct 10-Oct 17-Oct 24-Oct Cash receipts 10/26-10/27 No. 1151 1152 Amount $20,000 25,000 26,000 24,000 12,000 $107,000 1153 Checks Date Amount 4-Oct $15,000 6-Oct 8,000 15-Oct 24,000 16-Oct 1,200 20-Oct 3,000 22-Oct 25,000 29-Oct 8,000 $84,200 1154 1155 1156 1157 Balance on October 1 $20,000 Receipts Disbursements Balance on October 31 107,000 84,200 $42,800 Information from October's bank statement and company records reveals the...
A company's bank statement shows a cash balance of $4.110. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,130, NSF check of $260, interest earned of $31. service fee of $42, and a check for $150 recorded twice by the company. Calculate the correct balance of cash. ach balance $ 2,379 Prey 2 of 10 Next >
Madison Company's cash ledger reports the following for the month ending March 31 Deposits: $ Amount 1,800 1,180 No Checks: 541 542 Asunt $ 5,600 Date 3/4 3/11 3/18 3/25 3/26-3/31 543 3,500 2,800 $ 13,600 Cash receipts: Date 3/2 3/8 3/12 3/19 3/27 3/28 3/30 544 545 $12.00 Balance on March 1 Receipts Disbursements Balance on March 31 $ 6,200 13,600 (12,400) $ 7,480 Information from March's bank statement and company records reveals the following additional information a. The...
Madison Company's cash ledger reports the following for the month ending March 31, Deposits: Amount 55,600 Date 3/4 3/11 3/18 3/25 3/26-3/31 Amount $ 1,800 1,169 4,469 3,500 2,869 $ 13,600 Cash receipts: No. Date Checks: 541 3/2 542 3/8 543 3/12 544 3/19 545 3/27 3/28 5473/30 2,00 1,500 400 969 1,400 $12,400 $ Balance on March 1 Receipts Disbursements Balance on March 31 6,200 13,600 (12,400) 7,400 $ Information from March's bank statement and company records reveals the...
16 A company's bank statement shows a cash balance of $4,200. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,160, NSF check of $270, interest earned of $32, service fee of $47, and a check for $170 recorded twice by the company Calculate the correct balance of cash. Cash balance
Brangelina Adoption Agency's general ledger shows a cash balance of $4,575. The balance of cash in the March-end bank statement is $7,309. A review of the bank statement reveals the following Information: checks outstanding of $2,785, bank service fees of $67, and Interest earned of $16 Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.) Bank balance Checks outstanding Company balance Service fees Interest earned Cash balance...
The cash records and bank statement for the month of July for Glover Incorporated are shown below. GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance Cash Balance July 1. Cash 2021 Receipts 57,390 58,630 Cash Receipts Date Desc 7/9 Sales 7/21 Sales 7/31 Sales July 31, 2021 $5,888 Amount $2,630 3,210 2,790 Date 7/2 7/12 7/19 7/22 7/30 Cash Disbursements $10,140 Cash Disbursements Check Desc 531 Rent 532 Salaries 533 Equipment 534 Utilities Advertising...
TJ Company's cash ledger reports the following for the month ending October 31, 20XE. Deposits Date 3-Oct 10-Oct 17-Oct 24-Oct Cash receipts 10/26-10/27 No. 1151 1152 Amount $20,000 25,000 26,000 24,000 12,000 $107,000 1153 Checks Date Amount 4-Oct $15,000 6-Oct 8,000 15-Oct 24,000 16-Oct 1,200 20-Oct 3,000 22-Oct 25,000 29-Oct 8,000 $84,200 1154 1155 1156 1157 Balance on October 1 $20,000 Receipts Disbursements Balance on October 31 107,000 84,200 $42,800 Information from October's bank statement and company records reveals the...
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