Answer | |||
Wright Company | |||
Bank Reconciliation - May 31 | |||
Bank's Cash balance | Company's cash balance | ||
Particulars | Amount | Particulars | Amount |
Bank Statements balance | $ 27,000 | Book balance | $ 28,700 |
Additions: | Additions: | ||
Outstanding Deposits | $ 6,800 | ||
Bank Error | $ 460 | ||
Deductions: | Deductions: | ||
Outstanding Checks | $ 6,200 | NSF Cheque | $ 480 |
Service Charge | $ 160 | ||
Adjusted Bank Balance | $ 28,060 | Adjusted Book Balance | $ 28,060 |
Wright Company's cash account shows a $28,700 debit balance and its bank statement shows $27,000 on...
Wright Company's cash account shows a $28,500 debit balance and its bank statement shows $26,800 on deposit at the close of business on May 31. a. The May 31 bank statement lists $150 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,100. c. May 31 cash receipts of $6,700 were placed in the bank's night depository after banking hours and were not recorded on the...
Wright Company's cash account shows a $29,100 debit balance and its bank statement shows $27,400 on deposit at the close of business on May 31 a. The May 31 bank statement lists $180 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,400. c. May 31 cash receipts of $7,000 were placed in the bank's night depository after banking hours and were not recorded on the...
Wright Company's cash account shows a $29,500 debit balance and its bank statement shows $27,800 on deposit at the close of business on May 31. a. The May 31 bank statement lists $200 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,600. c. May 31 cash receipts of $7,200 were placed in the bank's night depository after banking hours and were not recorded on the May 31...
Wright Company's cash account shows a $30,100 debit balance and its bank statement shows $28,400 on deposit at the close of business on May 31. The May 31 bank statement lists $230 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total $6,900. May 31 cash receipts of $7,500 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank...
Exercise 6-12 Bank reconciliation P3 Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, its Cash account shows a $27.500 debit balance. The company's May 31 bank statement shows $25.800 on deposit in the bank. Prepare a bank reconciliation for the company using the following information. a. The May 31 bank statement lists $100 in bank service charges the company...
could you solve this with explaining ? Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2013, its Cash account shows a $30,700 debit balance. The company's May 31 bank statement shows $29,000 on deposit in the bank a. The May 31 bank statement included a $260 debit memorandum for bank services, the company has not yet recorded the cost...
Nolan Company's cash account shows a $29,748 debit balance and its bank statement shows $29,761 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,090. b. The June 30 bank statement lists $40 in bank service charges; the company has not yet recorded the cost of these services. c. In reviewing the bank statement, a $70 check written by the company was mistakenly recorded in the company's books as $79. d....
Nolan Company's cash account shows a $20,917 debit balance and its bank statement shows $21,645 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,741. b. The June 30 bank statement lists $26 in bank service charges; the company has not yet recorded the cost of these services. c. In reviewing the bank statement, a $20 check written by the company was mistakenly recorded in the company's books as $29. d....
Departments... Sophia Learning O... eCampus: Login Course Hero | Make... CUopCourses actice: Connect Knowledge Check [due Day 5] (i Saved Wright Company's cash account shows a $27,900 debit balance and its bank statement shows $26,200 on deposit at the close of business on May 31. a. The May 31 bank statement lists $120 in bank service charges, the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $5,800. c. May 31...
Organic Food Co.'s cash account shows a $6,200 debit balance and its bank statement shows $5,650 on deposit at the close of business on August 31. a. August 31 cash receipts of $1,940 were placed in the bank's night depository after banking hours and were not recorded on the August 31 bank statement. b. The bank statement shows a $190 NSF check from a customer, the company has not yet recorded this NSF check. c. Outstanding checks as of August 31 total $1,820. d....
> Outstanding deposit should be titled deposit of May 31st, other than that answer is correct.
ariel friday Fri, Jan 21, 2022 3:06 PM