Your company recorded $700 of receipts on May 31, and deposited the cash in the night depository of the bank at the close of business that day. These deposits were not included in the bank statement stated May 31. How does this impact the May bank reconciliation?
Homework Answers
Answer:
b. Addition to balance as per bank.
There is cash deposited in bank, which was not included in bank statement stated may 31. To reconcile the bank with the book, we must addition to balance per bank.
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recorded $700 of receipts on May 31, and deposited the cash in the
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Massan Company Massan Company Massan Company deposits all receipts on the day they are received and...
Massan Company Massan Company Massan Company deposits all receipts on the day they are received and it makes all payments Bank Reconciliation as at (date) by check. US $ At the close of business on May 31, 2017 Massan's cash account shows a $27,500 debit balance. Balance per bank as at The company's May 31 bank statement shows $25,800 on deposit in the bank. Add: Required: - Prepare a bank reconciliation for the company using the following information: Less: 1...
Exercise 6-12 Bank reconciliation P3 Wright Company deposits all cash receipts on the day when they...
Exercise 6-12 Bank reconciliation P3 Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, its Cash account shows a $27.500 debit balance. The company's May 31 bank statement shows $25.800 on deposit in the bank. Prepare a bank reconciliation for the company using the following information. a. The May 31 bank statement lists $100 in bank service charges the company...
Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check.
Exercise 6-12 Bank reconciliation LO P3 Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, its Cash account shows a $27,500 debit balance. The company's May 31 bank statement shows $25,800 on deposit in the bank. a. The May 31 bank statement lists $100 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as...
Nolan Company deposits all cash receipts on the day when they are received and it makes...
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Nalan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check....
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Wright Company deposits all cash receipts on the day when they are received and it makes...
Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2017, its Cash account shows a $29,700 debit balance. The company’s May 31 bank statement shows $28,000 on deposit in the bank. 1.The May 31 bank statement lists $210 in bank service charges; the company has not yet recorded the cost of these services. 2.Outstanding checks as of May 31 total...
Wright Company deposits all cash receipts on the day when they are received and it makes...
Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31. 2013. its Cash account shows a 529.500 debit balance. The company's May 31 bank statement shows $27.800 on deposit in the bank. a. The May 31 bank statement inoluded a $200 debit memorandum for bank services; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31...
could you solve this with explaining ? Wright Company deposits all cash receipts on the day...
could you solve this with explaining ?
Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2013, its Cash account shows a $30,700 debit balance. The company's May 31 bank statement shows $29,000 on deposit in the bank a. The May 31 bank statement included a $260 debit memorandum for bank services, the company has not yet recorded the cost...
Wright Company deposits all cash receipts on the day when they are received and it makes...
Wright Company deposits all cash receipts on the day when they are received and it makes all cash pay- ments by check. At the close of business on May 31l, 2017, its Cash account shows a $27,500 debit bal- ance. The company's May 31 bank statement shows $25, 800 on deposit in the bank. Prepare a bank reconciliation for the company using the following information. a. The May 31 bank statement lists $100 in bank service charges; the company has...
Homework Question: - Abdulla Company deposits all cash receipts on the day when they are received...
Homework Question: - Abdulla Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on July 31, 2018, its Cash account shows an $25,500 debit balance. Abdulla Company's July 31 bank statement shows $21,646 on deposit in the bank. Prepare a bank reconciliation for Abdulla Company using the following information: a) The July 31 bank statement included a $90 debit memorandum for bank services b)...
Exercise 6-12 Bank reconciliation P3 Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, its Cash account shows a $27.500 debit balance. The company's May 31 bank statement shows $25.800 on deposit in the bank. Prepare a bank reconciliation for the company using the following information. a. The May 31 bank statement lists $100 in bank service charges the company...
Nolan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2017, its Cash account shows a $24.767 debit balance. Nolan's June 30 bank statement shows $24,845 on deposit in the bank a. Outstanding checks as of June 30 total $2.468 b. The June 30 bank statement included a $27 debit memorandum for bank services, the company has not yet recorded the...
Nalan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2017, its Cash account shows a $29,833 debit balance. Nolan's June 30 bank statement shows $30,002 on deposit in the bank. a. Outstanding checks as of June 30 total $2,426. b. The June 30 bank statement included a $28 debit memorandum for bank services; the company has not yet recorded the...
could you solve this with explaining ?
Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2013, its Cash account shows a $30,700 debit balance. The company's May 31 bank statement shows $29,000 on deposit in the bank a. The May 31 bank statement included a $260 debit memorandum for bank services, the company has not yet recorded the cost...
Wright Company deposits all cash receipts on the day when they are received and it makes all cash pay- ments by check. At the close of business on May 31l, 2017, its Cash account shows a $27,500 debit bal- ance. The company's May 31 bank statement shows $25, 800 on deposit in the bank. Prepare a bank reconciliation for the company using the following information. a. The May 31 bank statement lists $100 in bank service charges; the company has...
Homework Question: - Abdulla Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on July 31, 2018, its Cash account shows an $25,500 debit balance. Abdulla Company's July 31 bank statement shows $21,646 on deposit in the bank. Prepare a bank reconciliation for Abdulla Company using the following information: a) The July 31 bank statement included a $90 debit memorandum for bank services b)...
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