Homework Answers
| Transaction | Debit | Credit | |
| 1 | Bank service charge | 30 | |
| Cash | 30 |
Adjusted balance $ 6530
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Hills Company's June 30 bank statement and the June ledger account for cash are summarized here:...
Hills Company's June 30 bank statement and the June ledger account for cash are summarized here:...
Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $17,800 $18,990 Balance $ 7,160 24,960 6,060 6,030 6,030 $30 Cash (A) June 1 June Balance Deposits Balance 7,160 18,600 6,560 19,200 Checks written June June 30 3. What is the balance in the Cash account after the reconciliation entries? Cash Balance 4....
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank...
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other $17, 800 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Balance $ 7, 160 24, 960 6,060 6,030 6, 030 $18,900 $30 June 1 June Balance Bala Deposits Cash (A) 7,160 18,600 19,200 Checks written 6,560 June June 30 Balance...
Required information [The following information applies to the questions displayed below) Hills Company's June 30 bank...
Required information [The following information applies to the questions displayed below) Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits $17,800 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $18,900 Other Balance $ 7,160 24,960 6,060 $30 6,038 6,830 June 1 June June 30 Balance Deposits Balance Cash (A) 7,160 18,600 19,200 Checks written 6,560 June Required: 1. Prepare a bank...
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank...
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other $17, 800 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Balance $ 7, 160 24, 960 6,060 6,030 6, 030 $18,900 $30 June 1 June Balance Bala Deposits Cash (A) 7,160 18,600 19,200 Checks written 6,560 June June 30 Balance...
Hills Company's June 30 bank statement and the June ledger account for cash are summarized here:
Hills Company’s June 30 bank statementHills Company's June 30 bank statement and the June ledger account for cash are summarized here: Required: 1. Prepare a bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $300. Some of the checks that cleared in June were written prior to June. No depo in transit were noted in May, but a deposit is in transit at the end of June. 2. Prepare any journal entries...
Hills Company's June 30 bank statement and the June ledger account for cash are summarized here:...
Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: Withdrawals Deposits $26,400 Balance, June 1 Deposits during June Cheques cleared during June Bank service charges Balance, June 30 Balance $ 9,200 35,600 4,500 4,270 4,270 $31,100 230 + Cash (A) June 1 June Balance Deposits 8,800 29,000 31,200 Cheques written June June 30 Balance 6,600 Required: 1. Prepare a bank reconciliation. A comparison of the cheques written with the cheques that have cleared...
Bentley Company’s June 30 bank statement and June ledger accountfor cash are summarized below:BANK...
Bentley Company’s June 30 bank statement and June ledger account
for cash are summarized below:BANK STATEMENTChecksDepositsBalanceBalance, June 1$6,500Deposits during June$16,20022,700Checks cleared during June$16,6006,100Bank service charges406,060Balance, June 306,060Cash (A)June 1 Balance6,500 June Checks written19,000June Deposits18,100Required:1. Reconcile the bank account. A comparison of
the checks written with the checks that have cleared the bank shows
outstanding checks of $2,400. A deposit of $1,900 is in transit at
the end of June.2. Prepare the journal entry that should be
made as a result of...
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank...
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits $17,200 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Other Balance $ 7,040 24, 240 5,940 $30 5,910 5,910 $18,300 June 1 June Balance Deposits Balance Cash (A) 7,040 17,400 18,600 5,840 Checks written June June 30 Required: 1. Prepare a...
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank...
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other $18,500 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Balance $ 7,300 25, 800 6, 200 6,169 6, 169 $19, 600 $31 June 1 June Balance Deposits Cash (A) 7, 300 20,000 19,900 Checks written 7, 400 June June 30...
Preparing Bank Reconciliation and Entries and Reporting Cash Bentley Company's June 30 bank statement and June...
Preparing Bank Reconciliation and Entries and Reporting Cash Bentley Company's June 30 bank statement and June ledger account for cash are summarized below: E6-27 LO6-4 BANK STATEMENT Checks Deposits Balance $16.200 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $16,600 40 $ 6,500 22.700 6.100 6,060 6,060 Cash (A) 6,500 June 18,100 Checks written 19,000 June ! Balance June Deposits Required: 1. Reconcile the bank account. A comparison of the checks written...
Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $17,800 $18,990 Balance $ 7,160 24,960 6,060 6,030 6,030 $30 Cash (A) June 1 June Balance Deposits Balance 7,160 18,600 6,560 19,200 Checks written June June 30 3. What is the balance in the Cash account after the reconciliation entries? Cash Balance 4....
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other $17, 800 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Balance $ 7, 160 24, 960 6,060 6,030 6, 030 $18,900 $30 June 1 June Balance Bala Deposits Cash (A) 7,160 18,600 19,200 Checks written 6,560 June June 30 Balance...
Required information [The following information applies to the questions displayed below) Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits $17,800 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $18,900 Other Balance $ 7,160 24,960 6,060 $30 6,038 6,830 June 1 June June 30 Balance Deposits Balance Cash (A) 7,160 18,600 19,200 Checks written 6,560 June Required: 1. Prepare a bank...
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other $17, 800 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Balance $ 7, 160 24, 960 6,060 6,030 6, 030 $18,900 $30 June 1 June Balance Bala Deposits Cash (A) 7,160 18,600 19,200 Checks written 6,560 June June 30 Balance...
Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: Withdrawals Deposits $26,400 Balance, June 1 Deposits during June Cheques cleared during June Bank service charges Balance, June 30 Balance $ 9,200 35,600 4,500 4,270 4,270 $31,100 230 + Cash (A) June 1 June Balance Deposits 8,800 29,000 31,200 Cheques written June June 30 Balance 6,600 Required: 1. Prepare a bank reconciliation. A comparison of the cheques written with the cheques that have cleared...
Bentley Company’s June 30 bank statement and June ledger account
for cash are summarized below:BANK STATEMENTChecksDepositsBalanceBalance, June 1$6,500Deposits during June$16,20022,700Checks cleared during June$16,6006,100Bank service charges406,060Balance, June 306,060Cash (A)June 1 Balance6,500 June Checks written19,000June Deposits18,100Required:1. Reconcile the bank account. A comparison of
the checks written with the checks that have cleared the bank shows
outstanding checks of $2,400. A deposit of $1,900 is in transit at
the end of June.2. Prepare the journal entry that should be
made as a result of...
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits $17,200 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Other Balance $ 7,040 24, 240 5,940 $30 5,910 5,910 $18,300 June 1 June Balance Deposits Balance Cash (A) 7,040 17,400 18,600 5,840 Checks written June June 30 Required: 1. Prepare a...
Required information [The following information applies to the questions displayed below.) Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other $18,500 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Balance $ 7,300 25, 800 6, 200 6,169 6, 169 $19, 600 $31 June 1 June Balance Deposits Cash (A) 7, 300 20,000 19,900 Checks written 7, 400 June June 30...
Preparing Bank Reconciliation and Entries and Reporting Cash Bentley Company's June 30 bank statement and June ledger account for cash are summarized below: E6-27 LO6-4 BANK STATEMENT Checks Deposits Balance $16.200 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $16,600 40 $ 6,500 22.700 6.100 6,060 6,060 Cash (A) 6,500 June 18,100 Checks written 19,000 June ! Balance June Deposits Required: 1. Reconcile the bank account. A comparison of the checks written...
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