Homework Answers
Solution
| Amiable Company | ||||
| Reconciliation Adjusted Balance | ||||
| Balance | Balance | |||
| Nov | Receipts | Disbursements | Dec | |
| As per Bank Statement | 5,35,410 | 6,89,085 | ||
| Bank Collection From customers | -3,59,075 | 3,59,075 | 4,04,500 | -4,04,500 |
| NSF checks returned by bank | -41,250 | |||
| Outstanding checks | ||||
| November | -1,38,590 | -1,38,590 | ||
| December | 1,50,560 | -1,50,560 | ||
| Bank Service charges | ||||
| November | 3,600 | 3,600 | ||
| December | -3,000 | 3,000 | ||
| Deposits in transit | ||||
| November | 41,005 | -41,005 | ||
| December | 64,400 | 64,400 | ||
| As per Cash Book | 82,350 | 3,82,470 | 3,75,820 | 2,01,425 |
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Data for Amiable Company are shown below: 12/31/2018 11/30/2018 Bank account balance P 689,085 P 535,410...
El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at...
El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each month. The November 30, 2021, reconciliation of the bank balance is as follows: $3,241 1,210 Balance per bank, November 30 Add: Deposits outstanding Less: Checks outstanding #363 #365 #380 #381 #382 Adjusted balance per bank, November 30 $ 124 202 57 87 350 (820) $3,631 The company's general ledger checking account showed the following for December: Balance, December 1 Receipts...
El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at...
El Gato Painting Company maintains a checking account at
American Bank. Bank statements are prepared at the end of each
month. The November 30, 2021, reconciliation of the bank balance is
as follows:
Balance per bank, November 30
$
3,241
Add: Deposits outstanding
1,210
Less: Checks outstanding
#363
$
124
#365
202
#380
57
#381
87
#382
350
(820
)
Adjusted balance per bank, November 30
$
3,631
The company’s general ledger checking account showed the following
for December:
Balance,...
El Gato Painting Company maintains a checking account at American Bank, Bank statements are prepared at...
El Gato Painting Company maintains a checking account at American Bank, Bank statements are prepared at the end of each month. The November 30, 2021, reconciliation of the bank balance is as follows: $3,231 1,200 Balance per bank, November 30 Add: Deposits outstanding Less: Checks outstanding #363 #365 #380 #381 #382 Adjusted balance per bank, November 30 $123 201 56 86 340 (806) $3,625 The company's general ledger checking account showed the following for December: Balance, December 1 Receipts Disbursements...
El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at...
El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each month. The November 30, 2021, reconciliation of the bank balance is as follows: $3,331 1,300 Balance per bank, November 30 Add: Deposits outstanding Less: Checks outstanding #363 #365 #380 #381 #382 Adjusted balance per bank, November 30 $ 133 211 96 440 (946) $3,685 The company's general ledger checking account showed the following for December: Balance, December 1 Receipts Disbursements...
El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at...
El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each month. The November 30, 2016, reconciliation of the bank balance is as follows: Balance per bank, November 30 $3,231 Add: Deposits outstanding 1,200 Less: Checks outstanding #363 $123 #365 201 #380 56 #381 86 #382 340 (806) Adjusted balance per bank, November 30 $3,625 The company's general ledger checking account showed the following for December: Balance, December 1 $ 3,625...
El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at...
El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each month. The November 30, 2016, reconciliation of the bank balance is as follows: Balance per bank, November 30 $3,231 Add: Deposits outstanding 1,200 Less: Checks outstanding #363 $123 #365 201 #380 56 #381 86 #382 340 (806) Adjusted balance per bank, November 30 $3,625 The company's general ledger checking account showed the following for December: Balance, December 1 $ 3,625...
Bank Reconciliation On July 31, Arthur Company's Cash in Bank account had a balance of $8,112.62....
Bank Reconciliation On July 31, Arthur Company's Cash in Bank account had a balance of $8,112.62. On that date, the bank statement indicated a balance of $10,170.62 A comparison of returned checks and bank advices revealed the following: 1. Deposits in transit July 31 amounted to $3,316.12. 2. Outstanding checks July 31 totaled $1,251.12. 3. The bank erroneously charged a $215.00 check of Solomon Company against the Arthur bank account. 4. A $15 bank service charge has not yet been...
Shown below is the bank reconciliation for Marvelous Company for May 2019: Balance per bank, May...
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P4A. Bank Reconciliation On July 31, Sullivan Company's Cash in Bank account had a balance of...
P4A. Bank Reconciliation On July 31, Sullivan Company's Cash in Bank account had a balance of LOS . Flynn the ac- S8,112.62. On that date, the bank statement indicated a balance of $9,098.55. A comparison of re- turned checks and bank advices revealed the following: 1. Deposits in transit July 31 amounted to $3,358.19. 2. Outstanding checks July 31 totaled $1,251.12 3. The bank erroneously charged a $215 check of Solomon Company against the Sullivan bank account. 4. A $15...
The September 30 bank statement for Bennett Company and the September ledger accounts for cash are...
The September 30 bank statement for Bennett Company and the September ledger accounts for cash are summarized here: Deposits $26,700 BANK STATEMENT Checks Balance, September 1 Deposits recorded during September Checks cleared during September $27,000 NSF checks-Betty Brown Bank service charges 53 Balance, September 30 Balance $ 6,650 33, 350 6,350 6,240 6,187 6,187 110 Sept. 1 Balance Sept. Deposits Cash (A) 6,650 Sept. Checks written 29,050 29,650 No outstanding checks and no deposits in transit were carried over from...
El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each month. The November 30, 2021, reconciliation of the bank balance is as follows: $3,241 1,210 Balance per bank, November 30 Add: Deposits outstanding Less: Checks outstanding #363 #365 #380 #381 #382 Adjusted balance per bank, November 30 $ 124 202 57 87 350 (820) $3,631 The company's general ledger checking account showed the following for December: Balance, December 1 Receipts...
El Gato Painting Company maintains a checking account at
American Bank. Bank statements are prepared at the end of each
month. The November 30, 2021, reconciliation of the bank balance is
as follows:
Balance per bank, November 30
$
3,241
Add: Deposits outstanding
1,210
Less: Checks outstanding
#363
$
124
#365
202
#380
57
#381
87
#382
350
(820
)
Adjusted balance per bank, November 30
$
3,631
The company’s general ledger checking account showed the following
for December:
Balance,...
El Gato Painting Company maintains a checking account at American Bank, Bank statements are prepared at the end of each month. The November 30, 2021, reconciliation of the bank balance is as follows: $3,231 1,200 Balance per bank, November 30 Add: Deposits outstanding Less: Checks outstanding #363 #365 #380 #381 #382 Adjusted balance per bank, November 30 $123 201 56 86 340 (806) $3,625 The company's general ledger checking account showed the following for December: Balance, December 1 Receipts Disbursements...
El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each month. The November 30, 2021, reconciliation of the bank balance is as follows: $3,331 1,300 Balance per bank, November 30 Add: Deposits outstanding Less: Checks outstanding #363 #365 #380 #381 #382 Adjusted balance per bank, November 30 $ 133 211 96 440 (946) $3,685 The company's general ledger checking account showed the following for December: Balance, December 1 Receipts Disbursements...
Bank Reconciliation On July 31, Arthur Company's Cash in Bank account had a balance of $8,112.62. On that date, the bank statement indicated a balance of $10,170.62 A comparison of returned checks and bank advices revealed the following: 1. Deposits in transit July 31 amounted to $3,316.12. 2. Outstanding checks July 31 totaled $1,251.12. 3. The bank erroneously charged a $215.00 check of Solomon Company against the Arthur bank account. 4. A $15 bank service charge has not yet been...
Shown below is the bank reconciliation for Marvelous Company for May 2019: Balance per bank, May 31, 2019 P75,000 Add: Deposits in transit 12,000 Total 87,000 Less: Outstanding checks P14,000 Bank credit recorded in error 5,000 19,000 Cash balance per books, 5/31/19 P68,000 The bank statement for June 2019 contains the following data: Total deposits P55,000 Total charges, including an NSF check of P4,000 and a service charge of P200 48,000 All outstanding checks on May 31, 2019, including the...
P4A. Bank Reconciliation On July 31, Sullivan Company's Cash in Bank account had a balance of LOS . Flynn the ac- S8,112.62. On that date, the bank statement indicated a balance of $9,098.55. A comparison of re- turned checks and bank advices revealed the following: 1. Deposits in transit July 31 amounted to $3,358.19. 2. Outstanding checks July 31 totaled $1,251.12 3. The bank erroneously charged a $215 check of Solomon Company against the Sullivan bank account. 4. A $15...
The September 30 bank statement for Bennett Company and the September ledger accounts for cash are summarized here: Deposits $26,700 BANK STATEMENT Checks Balance, September 1 Deposits recorded during September Checks cleared during September $27,000 NSF checks-Betty Brown Bank service charges 53 Balance, September 30 Balance $ 6,650 33, 350 6,350 6,240 6,187 6,187 110 Sept. 1 Balance Sept. Deposits Cash (A) 6,650 Sept. Checks written 29,050 29,650 No outstanding checks and no deposits in transit were carried over from...
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