![Required Information (The following information applies to the questions displayed below.] The cash records and bank statemen](http://img.homeworklib.com/questions/767dfb50-79a3-11ea-8aa5-3306b6975fbf.png?x-oss-process=image/resize,w_560)
Homework Answers
| 1 | |||
| GLOVER INCORPORATED | |||
| Bank Reconciliation | |||
| July 31, 2018 | |||
| Bank's Cash Balance | Company's Cash Balance | ||
| Per Bank Statement | 4790 | Per general ledger | 6580 |
| Deposits outstanding | 2690 | Interest earned | 47 |
| Checks outstanding | -2140 | NSF check | -370 |
| Office Supplies | -470 | ||
| Service fees | -47 | ||
| Company error | -400 | ||
| Bank balance per reconciliation | 5340 | Company balance per reconciliation | 5340 |
| 2 | ||
| 1 | ||
| General Journal | Debit | Credit |
| Cash | 47 | |
| Interest Revenue | 47 | |
| 2 | ||
| General Journal | Debit | Credit |
| Accounts Receivable | 370 | |
| Office Supplies | 470 | |
| Equipment | 400 | |
| Service fee expense | 47 | |
| Cash | 1287 |
Add Answer to:
Required Information (The following information applies to the questions displayed below.] The cash records and bank...
Required information (The following information applies to the questions displayed below) The cash records and bank...
Required information (The following information applies to the questions displayed below) 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 Cash 2021 Receipts Disbursements July 31, 2021 $7,190 $8,480 $9,440 $6,230 Cash Receipts Cash Disbursements Date Desc. Amount Date Check Desc. Amount 7/9 Sales $ 2,580 7/7 531 Rent $1,520 7/21 Sales 3,160...
Required information [The following information applies to the questions displayed below.] The cash records and bank...
Required information [The following information applies to the questions displayed below.] 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, 2021 + Cash Receipts − Cash Disbursements = July 31, 2021 $6,950 $8,300 $8,600 $6,650 Cash Receipts Cash Disbursements Date Desc. Amount Date Check# Desc. Amount 7/9 Sales $ 2,520 7/7 531 Rent $...
Required information [The following information applies to the questions displayed below. The cash records and bank...
Required information [The following information applies to the questions displayed below. 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 July 31, 2021 $5,880 Cash Balance July 1, Cash 2021 Receipts $7,390 $8,630 Cash Receipta Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $2,630 3,210 2,790 Cash - Disbursements $10,140 Cash Disbursements Date Check Desc. 7/7 531...
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 July 31, 2021 $6,580 Cash Balance July 1, Cash 2021 Receipts $6,990 $8,330 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $2,530 3,110 2,690 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $8,740 Cash Disbursements Check# Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities 535...
Problem 4-3B Prepare the bank reconciliation and record cash adjustments (LO4-5) [The following information applies to...
Problem 4-3B Prepare the bank reconciliation and record cash adjustments (LO4-5) [The following information applies to the questions displayed below.) 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 July 31, 2021 $5,740 Cash Balance July 1, Cash 2021 + Receipts $ 7,470 $8,690 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Date Amount $2,650 3,230...
GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 - Cash Balance July...
GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 - Cash Balance July 31, 2021 $6,300 Cash Balance July 1, Cash 2021 + Receipts $7,150 $8,450 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $ 2,570 3,150 2,730 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $9,300 Cash Disbursements Check# Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities Advertising Amount $1,510 1,970 3,600 910 1,310 $ 9,300 $ 8,450 Member FDIC 2252790471 P.O....
Problem 4-3B Prepare the bank reconciliation and record cash adjustments (L04-5) (The following information applies to...
Problem 4-3B Prepare the bank reconciliation and record cash adjustments (L04-5) (The following information applies to the questions displayed below.) 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 - July 31, 2021 $5,880 Cash Balance July 1, Cash 2021 + Receipts $7,390 $8,630 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $2,630 3,210 2,790...
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 - July 31, 2021 $6,510 Cash Balance July 1, Cash 2021 + Receipts $7,030 $8,360 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $ 2,540 3,120 2,700 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $8,880 Cash Disbursements Check# Desc. Rent Salaries Equipment Utilities Advertising л...
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.
Additional
information:
The difference in the beginning balances in the company’s records
and the bank statement relates to check #530, which is outstanding
as of June 30, 2021.
Check #533 is correctly processed by the bank.
The EFT on July 26 relates to the purchase of office
supplies.
Record
the necessary cash adjustments.
The cash records and bank statement for the month of...
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 July 31, 2021 $6,020 - Cash Balance July 1, Cash 2021 + Receipts $7,310 $8,570 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount Date $2,610 7/7 3, 1907 /12 2,770 7/22 7/30 $8,570 Cash Disbursements $9,860 Cash Disbursemen Check# Desc. 531 Rent 532 Salaries Equipment Utilities...
Required information (The following information applies to the questions displayed below) 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 Cash 2021 Receipts Disbursements July 31, 2021 $7,190 $8,480 $9,440 $6,230 Cash Receipts Cash Disbursements Date Desc. Amount Date Check Desc. Amount 7/9 Sales $ 2,580 7/7 531 Rent $1,520 7/21 Sales 3,160...
Required information [The following information applies to the questions displayed below. 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 July 31, 2021 $5,880 Cash Balance July 1, Cash 2021 Receipts $7,390 $8,630 Cash Receipta Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $2,630 3,210 2,790 Cash - Disbursements $10,140 Cash Disbursements Date Check Desc. 7/7 531...
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 July 31, 2021 $6,580 Cash Balance July 1, Cash 2021 Receipts $6,990 $8,330 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $2,530 3,110 2,690 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $8,740 Cash Disbursements Check# Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities 535...
Problem 4-3B Prepare the bank reconciliation and record cash adjustments (LO4-5) [The following information applies to the questions displayed below.) 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 July 31, 2021 $5,740 Cash Balance July 1, Cash 2021 + Receipts $ 7,470 $8,690 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Date Amount $2,650 3,230...
GLOVER INCORPORATED Cash Account Records July 1, 2021, to July 31, 2021 - Cash Balance July 31, 2021 $6,300 Cash Balance July 1, Cash 2021 + Receipts $7,150 $8,450 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $ 2,570 3,150 2,730 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $9,300 Cash Disbursements Check# Desc. 531 Rent 532 Salaries 533 Equipment 534 Utilities Advertising Amount $1,510 1,970 3,600 910 1,310 $ 9,300 $ 8,450 Member FDIC 2252790471 P.O....
Problem 4-3B Prepare the bank reconciliation and record cash adjustments (L04-5) (The following information applies to the questions displayed below.) 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 - July 31, 2021 $5,880 Cash Balance July 1, Cash 2021 + Receipts $7,390 $8,630 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $2,630 3,210 2,790...
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 - July 31, 2021 $6,510 Cash Balance July 1, Cash 2021 + Receipts $7,030 $8,360 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $ 2,540 3,120 2,700 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $8,880 Cash Disbursements Check# Desc. Rent Salaries Equipment Utilities Advertising л...
The
cash records and bank statement for the month of July for Glover
Incorporated are shown below.
Additional
information:
The difference in the beginning balances in the company’s records
and the bank statement relates to check #530, which is outstanding
as of June 30, 2021.
Check #533 is correctly processed by the bank.
The EFT on July 26 relates to the purchase of office
supplies.
Record
the necessary cash adjustments.
The cash records and bank statement for the month of...
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 July 31, 2021 $6,020 - Cash Balance July 1, Cash 2021 + Receipts $7,310 $8,570 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount Date $2,610 7/7 3, 1907 /12 2,770 7/22 7/30 $8,570 Cash Disbursements $9,860 Cash Disbursemen Check# Desc. 531 Rent 532 Salaries Equipment Utilities...
Most questions answered within 3 hours.
-
What will the standard deviation of these exam grades be? A
square bracket means inclusive, so...
asked 2 minutes ago -
Beginning Retained Earnings are $ 79 comma 000 $79,000; sales
are $ 31 comma 700 $31,700;...
asked 5 minutes ago -
Please explain/demonstrate how to use NLTK to test unigram,
bigram, and trigram character models on guessing...
asked 11 minutes ago -
what you feel is most important to you and why regarding your
typing skills?
asked 12 minutes ago -
Consider a play of the casino game `Quick Draw'. In this game, a
player pays $11...
asked 21 minutes ago -
How do the mechanical features of bone affect its roles as
repositories of phosphate and calcium,...
asked 25 minutes ago -
P agreed to buy 100 barrels of widget oil, which was stored in a
large tank...
asked 26 minutes ago -
The unstable isotope 40K is used for dating rock samples. Its
half-life is 1.28×109y. How many...
asked 28 minutes ago -
Compare and contrast constructed-response items and
selected-response items.
Identify at least one (1) advantage and one...
asked 30 minutes ago -
A) Find the moment of inertia of a 2 meter long stick with a
mass of...
asked 29 minutes ago -
For the code below write a public static main() method
in class Student that:
- creates...
asked 31 minutes ago -
Please show all steps. Thank you
A 1.0-cm-diameter pipe widens to 2.0 cm, then narrows to...
asked 44 minutes ago