Homework Answers
| Stationers R Us Pty Ltd's | ||
| Bank Reconciliation | ||
| January 31 | ||
| $ | $ | |
| Balance as per bank statement | 4,529.00 | |
| Add: Outstanding deposits | 370.00 | |
| 4,899.00 | ||
| Less: Unpresented cheques | 878.00 | |
| Balance as per Cash at Bank account | 4,021.00 | |
| Cash balance per books | 4,481.00 | |
| Less: Dishonoured cheque | 425.00 | |
| Bank charges | 35.00 | 460.00 |
| Adjusted cash balance per books | 4,021.00 |
Add Answer to:
QUESTION 6 Stationers R Us Pty Ltd's bank reconciliation clerk is unable to reconcile the bank...
Stationers R Us Pty Ltd’s bank reconciliation clerk is unable to reconcile the bank balance at...
Stationers R Us Pty Ltd’s bank reconciliation clerk is unable to reconcile the bank balance at 31 January. The balance of the cash at bank account, before any entries for transactions initiated by the bank, was $4,147 in the company records. The clerk’s attempt at the bank reconciliation statement is as follows. $ Cash balance as per bank statement 4,145 Add: Dishonoured cheque from customer 475 Less: Bank charges 29 Less: Outstanding deposits 352 Add: Unpresented cheques 854 Cash balance...
The following information was available to reconcile Montrose Company’s book balance of Cash with its bank...
The following information was available to reconcile Montrose Company’s book balance of Cash with its bank statement balance as of October 31, 2020: a. After all posting was completed on October 31, the company’s Cash account had a $13,219 debit balance but its bank statement showed a $29,355 balance. b. Cheques #296 for $1,334 and #307 for $12,754 were outstanding on the September 30 bank reconciliation. Cheque #307 was returned with the October cancelled cheques, but cheque #296 was not....
Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as...
Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as follows. Cash balance per bank $5,300 1,570 Add: NSF check Less: Bank service charge 35 Adjusted balance per bank $6,835 $5,705 750 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books 1,950 $6,905 Prepare a correct bank reconciliation. (List items that increase cash balance first.)
Blue Company is unable to reconcile the bank balance at January 31. Blue’s reconciliation is as...
Blue Company is unable to reconcile the bank balance at January 31. Blue’s reconciliation is as follows. Cash balance per bank $5,300 Add: NSF check 1,490 Less: Bank service charge 25 Adjusted balance per bank $6,815 Cash balance per books $5,905 Less: Deposits in transit 950 Add: Outstanding checks 1,860 Adjusted balance per books $6,815 Prepare a correct bank reconciliation. (List items that increase cash balance first.)
Cheyenne is unable to reconcile the bank balance at January 31. Cheyenne's reconciliation is as follows....
Cheyenne is unable to reconcile the bank balance at January 31. Cheyenne's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,300.20 320.00 34.00 $4,586.20 Cash balance per books $4,615.20 Less: Deposits in transit 900.00 Add: Outstanding checks 939.00 Adjusted balance per books $4,654.20 Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.)...
An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation July...
An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation July 31, 20Y4 Cash balance according to company's records $6,050 Adjustments: Outstanding checks $2,900 Error by Chesner Co. in recording Check No. 1056 as $940 instead of $490 450 Note for $9,500 collected by bank, indluding interest 9,880 Deposit in transit on July 31 (6,160) Bank service charges (60) Total adjustments 7,010 Cash balance according to bank statement $13,060 a. From the data in this...
Problem 6 (7 marks) In early April 2019, Bunny's Factoring received its monthly bank statement showing...
Problem 6 (7 marks) In early April 2019, Bunny's Factoring received its monthly bank statement showing a debit balance of $342 at 31 March 2019. On 31 March 2019, $720 cash received from debtors was not yet deposited at the bank. There were two unpresented cheques: Cheque no. 100 for $132, and no. 105 for $110. One dishonoured cheque for $250 from Hamster Ltd was returned by the bank. Cheque no. 110 issued for payment of rent for $400 appeared...
Bank Reconciliation An accounting clerk for Muskegon Co. prepared the following bank reconciliation: Muskegon Co. Bank...
Bank Reconciliation An accounting clerk for Muskegon Co. prepared the following bank reconciliation: Muskegon Co. Bank Reconciliation May 31, 2016 Cash balance according to company's records $6,910 Add: Outstanding checks $3,320 Error by Muskegon Co. in recording Check No. 2219 as $710 instead of $170 540 Note for $10,800 collected by bank, including interest 11,230 15,090 $22,000 $7,030 Deduct: Deposit in transit on May 31 30 7,060 Bank service charges $14,940 Cash balance according to bank statement data in this...
An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation August...
An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation August 31 $6,160 Cash balance according to company's records Add: Outstanding checks Error by Chesner Co. in recording Check $2,960 No. 1056 as $820 instead of $280 540 Note for $9,700 collected by bank, including interest 10,090 13,590 $19,750 Deduct: Deposit in transit on August 31 $6,270 Bank service charges 6,330 Cash balance according to bank statement $13,420 a. From the data in this bank...
Exercise 7-9 Concord is unable to reconcile the bank balance at January 31. Concord's reconciliation is...
Exercise 7-9 Concord is unable to reconcile the bank balance at January 31. Concord's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,440.20 250.00 33.00 $4,657.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,755.20 970.00 938.00 $4,723.20 Prepare a correct bank reconciliation. (List items that increase cash balance first Reconcile cash balance per bank first round answers to 2 decimal places,...
Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as follows. Cash balance per bank $5,300 1,570 Add: NSF check Less: Bank service charge 35 Adjusted balance per bank $6,835 $5,705 750 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books 1,950 $6,905 Prepare a correct bank reconciliation. (List items that increase cash balance first.)
Cheyenne is unable to reconcile the bank balance at January 31. Cheyenne's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,300.20 320.00 34.00 $4,586.20 Cash balance per books $4,615.20 Less: Deposits in transit 900.00 Add: Outstanding checks 939.00 Adjusted balance per books $4,654.20 Prepare a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.)...
An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation July 31, 20Y4 Cash balance according to company's records $6,050 Adjustments: Outstanding checks $2,900 Error by Chesner Co. in recording Check No. 1056 as $940 instead of $490 450 Note for $9,500 collected by bank, indluding interest 9,880 Deposit in transit on July 31 (6,160) Bank service charges (60) Total adjustments 7,010 Cash balance according to bank statement $13,060 a. From the data in this...
Problem 6 (7 marks) In early April 2019, Bunny's Factoring received its monthly bank statement showing a debit balance of $342 at 31 March 2019. On 31 March 2019, $720 cash received from debtors was not yet deposited at the bank. There were two unpresented cheques: Cheque no. 100 for $132, and no. 105 for $110. One dishonoured cheque for $250 from Hamster Ltd was returned by the bank. Cheque no. 110 issued for payment of rent for $400 appeared...
Bank Reconciliation An accounting clerk for Muskegon Co. prepared the following bank reconciliation: Muskegon Co. Bank Reconciliation May 31, 2016 Cash balance according to company's records $6,910 Add: Outstanding checks $3,320 Error by Muskegon Co. in recording Check No. 2219 as $710 instead of $170 540 Note for $10,800 collected by bank, including interest 11,230 15,090 $22,000 $7,030 Deduct: Deposit in transit on May 31 30 7,060 Bank service charges $14,940 Cash balance according to bank statement data in this...
An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation August 31 $6,160 Cash balance according to company's records Add: Outstanding checks Error by Chesner Co. in recording Check $2,960 No. 1056 as $820 instead of $280 540 Note for $9,700 collected by bank, including interest 10,090 13,590 $19,750 Deduct: Deposit in transit on August 31 $6,270 Bank service charges 6,330 Cash balance according to bank statement $13,420 a. From the data in this bank...
Exercise 7-9 Concord is unable to reconcile the bank balance at January 31. Concord's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,440.20 250.00 33.00 $4,657.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,755.20 970.00 938.00 $4,723.20 Prepare a correct bank reconciliation. (List items that increase cash balance first Reconcile cash balance per bank first round answers to 2 decimal places,...
Most questions answered within 3 hours.
-
Alicia’s Apple Pies is a roadside business. Alicia must pay
$9.00 in rent each day. In...
asked 1 minute ago -
Consider the following forwarding table.
Destination Address Range
Link Interface
10000011 00000001 00110000 00000000
through  
asked 24 minutes ago -
find the molecular weight of a gass
mass = 22.0 g
pressure = 856 torr
temp...
asked 1 hour ago -
A dc current of 60 mA can cause paralysis of the body's
respiratory muscles and hence...
asked 2 hours ago -
What is the percent yield if a batch of H2SO4H2SO4 has a
theoretical yield of 3.3...
asked 3 hours ago -
The force on a particle is given by ? ? = 3.6?3 − 4.5? + 1.5...
asked 3 hours ago -
Your organization currently offers health insurance, dental
insurance, life insurance, a 401(k) retirement program, and paid...
asked 3 hours ago -
Opportunity for disruption is created due to:
A.Scarcity, default corporate management behavior, and human
nature.
B.Sustaining...
asked 3 hours ago -
&nb
asked 4 hours ago -
Which statement is true about the F(x,y,z) = x(yz'+x'y)
F is 1 when x is 0,...
asked 5 hours ago -
60. Which of the following is an example of the right
to work law passed in...
asked 5 hours ago -
“We must differentiate our mindset first and our lessons
second.” (Dweck, 2012). What does this saying...
asked 6 hours ago