Homework Answers
Add Answer to:
5. Using the following information, what amount of Cash should be reported in the balance sheet...
Valentine Investigations has the following information for its cash account: Balance, 1/31 $ 7,379 Deposits during...
Valentine Investigations has the following information for its cash account: Balance, 1/31 $ 7,379 Deposits during February 106,890 Checks written during February 102,470 Valentine’s bank statement for February contained the following information: Valentine Investigations Bank Reconciliation Schedule February 28, 20XX 1 Balance per bank, 1/31 $8,898.00 2 Add: 3 February deposits 105,400.00 4 $114,298.00 5 Less: 6 Checks paid in February $(100,100.00) 7 Bank service charge (50.00) 8 Debit memo (electric bill) (700.00) (100,850.00) 9 Balance per bank, 2/28 $13,448.00...
Firebird Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement for February...
Firebird Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement for February 2019 indicated the following: Balance, February 28, 2019 Service charge for February Interest earned during February NSF check from Valerie Corp. (deposited by Firebird) Note ($12,000) and interest ($350) collected from a customer of Firebird's $87,392 100 875 630 12,350 An analysis of canceled checks and deposits and the records of Firebird Corp. revealed the following items: $73,260 Checking account balance per Firebird's books...
Using the following information: The bank statement balance is $5,550. The cash account balance is $5,720....
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...
Valentine Investigations has the following information for its cash account: Balance, 1/31 $ 7,420 Deposits during...
Valentine Investigations has the following information for its cash account: Balance, 1/31 $ 7,420 Deposits during February 106,770 Checks written during February 102,310 Valentine's bank statement for February contained the following information: Valentine Investigations Bank Reconciliation Schedule February 28, 20XX 1 Balance per bank, 1/31 $8.914.00 2 Add: 3 February deposits 105,400.00 $114,314.00 5 Less: 6 Checks paid in February S(101,400.00) 7 Bank service charge (50.00) (800.00) (102,250.00) 8 Debit memo (electric bill) 9 Balance per bank, 2/28 $12,064.00 D...
6. Rainey Company's true cash balance at October 31 is 55030. The reconciliation • Outstanding check...
6. Rainey Company's true cash balance at October 31 is 55030. The reconciliation • Outstanding check 5780 • Deposits in transit, 5540 • Rank service charges, $105 . The hankhadootected account receivable for Rainey Copy, $1150 . The bank statement included an NSF check written by one of R y 's u s for What was the unadjusted book balance at October 31? A) S5825 B) $4780 54675 D) 55270 7. At March 31, Cummins Co. had an unadjusted balance...
The May 31, 2012, balance per bank statement for Upton Company was $7,200. The cash balance...
The May 31, 2012, balance per bank statement for Upton Company was $7,200. The cash balance per books was $9,500. Outstanding checks amounted to $800, and deposits in transit were $2,400. The bank statement contained an NSF check for $500, a service charge for $25, and a debit memo for direct payment of the telephone bill of $175. Required: 1) Prepare a bank reconciliation to determine the true cash balance at May 31, 2012.
What should be the adjusted cash balance at March 31, 2013?
Bob Company has the following records available when preparing its bank reconciliation for the month of March 2013:Balance per bank statement, 3/31/13 : $18,000NSF check returned with 3/31/13 bank statement : 290Deposits in transit, 3/31/13 : 3,000Outstanding checks, 3/31/13 : 2,400Bank service charges for March: 20What should be the adjusted cash balance at March 31, 2013?
Prepare a bank reconciliation for March 31, 2012, given the following
Prepare a bank reconciliation for March 31, 2012, given the followingA. The bank statement balance is $4,000B. The cash account balance is $3,000C. The Outstanding checks total $1,500D. Deposits in transit are $500E. The bank service charge is $20F. Interest reported on the bank statement was $10G. A check for $10 was recorded as $100 in the ledgerH. A NSF for $80 was returned with the statement. This was not known until it came in the bank statement.
Using the following information: a. The bank statement balance is $2,979. b. The cash account balance...
Using the following information: a. The bank statement balance is $2,979. b. The cash account balance is $3,243. c. Outstanding checks amounted to $629. d. Deposits in transit are $782. e. The bank service charge is $102. f. A check for $62 for supplies was recorded as $53 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement Adjustments: $ 2,979 Outstanding checks Total adjustments...
Problem 3 (20 pts) Using the following information, prepare the bank reconciliation for the Texas Company...
Problem 3 (20 pts) Using the following information, prepare the bank reconciliation for the Texas Company for March 31, 2016. a. The bank statement balance is $5,000. b. The cash account balance is $3,600. C. Outstanding checks totaled $1,800. d. Deposits in transit are $300. e. The bank service charge is $10. f. Interest reported on the bank statement was $20. g. A check for $100 was recorded as $10 in the ledger. h. A NSF check for $20 was...
Firebird Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement for February 2019 indicated the following: Balance, February 28, 2019 Service charge for February Interest earned during February NSF check from Valerie Corp. (deposited by Firebird) Note ($12,000) and interest ($350) collected from a customer of Firebird's $87,392 100 875 630 12,350 An analysis of canceled checks and deposits and the records of Firebird Corp. revealed the following items: $73,260 Checking account balance per Firebird's books...
Valentine Investigations has the following information for its cash account: Balance, 1/31 $ 7,420 Deposits during February 106,770 Checks written during February 102,310 Valentine's bank statement for February contained the following information: Valentine Investigations Bank Reconciliation Schedule February 28, 20XX 1 Balance per bank, 1/31 $8.914.00 2 Add: 3 February deposits 105,400.00 $114,314.00 5 Less: 6 Checks paid in February S(101,400.00) 7 Bank service charge (50.00) (800.00) (102,250.00) 8 Debit memo (electric bill) 9 Balance per bank, 2/28 $12,064.00 D...
6. Rainey Company's true cash balance at October 31 is 55030. The reconciliation • Outstanding check 5780 • Deposits in transit, 5540 • Rank service charges, $105 . The hankhadootected account receivable for Rainey Copy, $1150 . The bank statement included an NSF check written by one of R y 's u s for What was the unadjusted book balance at October 31? A) S5825 B) $4780 54675 D) 55270 7. At March 31, Cummins Co. had an unadjusted balance...
Using the following information: a. The bank statement balance is $2,979. b. The cash account balance is $3,243. c. Outstanding checks amounted to $629. d. Deposits in transit are $782. e. The bank service charge is $102. f. A check for $62 for supplies was recorded as $53 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement Adjustments: $ 2,979 Outstanding checks Total adjustments...
Problem 3 (20 pts) Using the following information, prepare the bank reconciliation for the Texas Company for March 31, 2016. a. The bank statement balance is $5,000. b. The cash account balance is $3,600. C. Outstanding checks totaled $1,800. d. Deposits in transit are $300. e. The bank service charge is $10. f. Interest reported on the bank statement was $20. g. A check for $100 was recorded as $10 in the ledger. h. A NSF check for $20 was...
Most questions answered within 3 hours.
-
A 5.5 MW variable-speed wind generator with 0.92 power factor is
providing power to a grid...
asked 20 seconds ago -
The charge on a capacitor in an ideal LC oscillator
with an angular frequency of 200...
asked 54 seconds ago -
Two wires, each of length 1.9 m, are stretched between two fixed
supports. On wire A...
asked 4 minutes ago -
Help me solve this in C++
Rewrite the code to use array instead of linked lists....
asked 11 minutes ago -
1.)Suppose I collect data on the average price of Yuengling (a
type of beer) at every...
asked 18 minutes ago -
Test the claim that the proportion of people who own cats is
smaller than 50% at...
asked 42 minutes ago -
Question 1 Continues
*** This is the NODE ADT you need. I hope this will help...
asked 44 minutes ago -
Show the rearrangements of the carbon skeleton in the following
carbocations. Note that in some cases...
asked 2 hours ago -
Use a z -Table to find the specified area.
Between the mean and 3.01 deviations from...
asked 3 hours ago -
Consider the following reaction at equilibrium. What will happen
if O2 is added to the reaction?...
asked 4 hours ago -
Based on how much or how little you have noticed in the media,
do you think...
asked 6 hours ago -
I calculate Rosetta Stone’s P/E ratio as 10x prior to a report
about future industry growth....
asked 7 hours ago