The following data were accumulated for use in reconciling the bank account of Creative Design Co....
The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6:
- Cash balance according to the company's records at August 31, $20,320.
- Cash balance according to the bank statement at August 31, $21,160.
- Checks outstanding, $4,120.
- Deposit in transit, not recorded by bank, $3,310.
- A check for $340 in payment of an account was erroneously recorded in the check register as $430.
- Bank debit memo for service charges, $60.
a. Prepare a bank reconciliation, using the format shown in Exhibit 13.
| Creative Design Co. | ||
| Bank Reconciliation | ||
| August 31, 20Y6 | ||
| Cash balance according to bank statement | $ | |
| Add: Deposit in transit on August 31 | ||
| Deduct: Outstanding checks | ||
| Adjusted balance | $ | |
| Cash balance according to company's records | $ | |
| Add: Error in recording check | ||
| Deduct: Bank service charge | ||
| Adjusted balance | $ | |
Homework Answers
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The following data were accumulated for use in reconciling the
bank account of Creative Design Co....
The following data were accumulated for use in reconciling the bank account of Creative Design Co....
The following data were accumulated for use in reconciling the
bank account of Creative Design Co. for August 20Y6:
Cash balance according to the company's records at August 31,
$22,350.
Cash balance according to the bank statement at August 31,
$23,570.
Checks outstanding, $4,540.
Deposit in transit, not recorded by bank, $3,640.
A check for $590 in payment of an account was erroneously
recorded in the check register as $950.
Bank debit memo for service charges, $40.
a. Prepare a...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $20,870. 2. Cash balance according to the bank statement at August 31, $37,600. 3. Checks outstanding, $23,375 4. Deposit in transit not recorded by bank, $7,500 5. A check for $100 in payment of an account was erroneously recorded in the check register as $1,000. 6. Bank debit...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company’s records at August 31, $42,920. Cash balance according to the bank statement at August 31, $56,300. Checks outstanding, $25,390. Deposit in transit not recorded by bank, $13,325. A check for $150 in payment of an account was erroneously recorded in the check register as $1,500. Bank debit memo for service charges, $35. a....
bank reconciliation the following dada were accumulated for use in reconciliation gonna in the bank account...
bank reconciliation the following dada were accumulated for
use in reconciliation gonna in the bank account of Creative Design
Co. for August 20Y6
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $42,920. 2. Cash balance according to the bank statement at August 31, $56,300. 3. Checks outstanding, $25,390. 4. Deposit in transit not recorded by bank,...
eBook Show Me How Calculator E Print Item Bank Reconciliation The following data were accumulated for...
eBook Show Me How Calculator E Print Item Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 2016: 1. Cash balance according to the company's records at August 31, $20,030. 2. Cash balance according to the bank statement at August 31, $21,160. 3. Checks outstanding, $4,070. 4. Deposit in transit, not recorded by bank, $3,260. 5. A check for $480 in payment of an account was erroneously recorded in...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 2016: 1. Cash balance according to the company's records at August 31, $22,700. 2. Cash balance according to the bank statement at August 31, $23,920. 3. Checks outstanding, $4,610. 4. Deposit in transit, not recorded by bank, $3,700. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Kaycee...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9: Cash balance according to the company’s records at August 31, $14,190. Cash balance according to the bank statement at August 31, $18,330. Checks outstanding, $5,710. Deposit in transit, not recorded by bank, $2,150. A check for $180 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as $810. Bank debit memo for service charges, $50. Prepare...
Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account...
Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $19,150. Cash balance according to the bank statement at August 31, $19,980. Checks outstanding, $3,890. Deposit in transit not recorded by bank, $3,120. A check for $340 in payment of an account was erroneously recorded in the check register as $430. Bank debit memo for service charges,...
Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account...
Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company’s records at August 31, $42,920. Cash balance according to the bank statement at August 31, $56,300. Checks outstanding, $25,390. Deposit in transit not recorded by bank, $13,325. A check for $150 in payment of an account was erroneously recorded in the check register as $1,500. Bank debit memo for service charges,...
Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account...
Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $15,440. 2. Cash balance according to the bank statement at August 31, $16,360. 3. Checks outstanding, $3,130. 4. Deposit in transit not recorded by bank, $2,520. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6....
The following data were accumulated for use in reconciling the
bank account of Creative Design Co. for August 20Y6:
Cash balance according to the company's records at August 31,
$22,350.
Cash balance according to the bank statement at August 31,
$23,570.
Checks outstanding, $4,540.
Deposit in transit, not recorded by bank, $3,640.
A check for $590 in payment of an account was erroneously
recorded in the check register as $950.
Bank debit memo for service charges, $40.
a. Prepare a...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $20,870. 2. Cash balance according to the bank statement at August 31, $37,600. 3. Checks outstanding, $23,375 4. Deposit in transit not recorded by bank, $7,500 5. A check for $100 in payment of an account was erroneously recorded in the check register as $1,000. 6. Bank debit...
bank reconciliation the following dada were accumulated for
use in reconciliation gonna in the bank account of Creative Design
Co. for August 20Y6
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $42,920. 2. Cash balance according to the bank statement at August 31, $56,300. 3. Checks outstanding, $25,390. 4. Deposit in transit not recorded by bank,...
eBook Show Me How Calculator E Print Item Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 2016: 1. Cash balance according to the company's records at August 31, $20,030. 2. Cash balance according to the bank statement at August 31, $21,160. 3. Checks outstanding, $4,070. 4. Deposit in transit, not recorded by bank, $3,260. 5. A check for $480 in payment of an account was erroneously recorded in...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 2016: 1. Cash balance according to the company's records at August 31, $22,700. 2. Cash balance according to the bank statement at August 31, $23,920. 3. Checks outstanding, $4,610. 4. Deposit in transit, not recorded by bank, $3,700. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit...
Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $15,440. 2. Cash balance according to the bank statement at August 31, $16,360. 3. Checks outstanding, $3,130. 4. Deposit in transit not recorded by bank, $2,520. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6....
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