Ans :
Bank Reconciliation | |
Unadjusted Bank Balance 6/30/Year1 | $19,568 |
Add: Deposit in transit | $2,055 |
Less : Outstanding Check | ($3,780) |
True Cash balance 6/30/Year1 | $17,843 |
Unadjusted book balance 6/30/Year1 | $17,828 |
Add : Interest Earned | $20 |
Less : Service charge | ($5) |
True Cash balance 6/30/Year1 | $17,843 |
As of June 30, Year 1, the bank statement showed an ending balance of $19,568. The...
Saved 4 As of June 30, Year 2, the bank statement showed an ending balance of $19.500. The unadjusted Cash account balance was $15,200 The following information is available: 1. Deposit in transit $2,400 2. Credit memo in bank statement for interest earned in June. $30 3. Outstanding check $6,690 4. Debit memo for service charge, $20 eBook Required Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 2 using the preceding information(Negative amounts...
Saved Help Sa As of June 30, Year 1, the bank statement showed an ending balance of $18,592. The unadjusted Cash account balance was $17,443. The following information is available: 1. Deposit in transit, $2,270 2. Credit memo in bank statement for interest earned in June, $22. 3. Outstanding check, $3,406. 4. Debit memo for service charge, $9. Required Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information. (Negative...
Owen Company's unadjusted book balance at June 30 is $15,700. The company's bank statement reveals bank service charges of $55. Two credit memos are included in the bank statement: one for $1,900, which represents a collection that the bank made for Owen, and one for $150, which represents the amount of interest that Owen had earned on its interest-bearing account in June. Based on this information. Deposit in transit $2,500 and Outstanding checks $767. Owen's true cash balance is: Book Reconciliation...
1. The unadjusted balance per the bank statement on June 30 was $51,646. 2. Deposits in transit on June 30 were $2,685 3. A debit memo was included with the bank statement for a service charge of $10 4. A $3,901 check written in June had not been paid by the bank 5. The bank statement included a $900 credit memo for the collection of a note. The principal of the note was $860, and the interest collected amounted to...
1. The unadjusted balance per the bank statement on June 30 was $47,300. 2. Deposits in transit on June 30 were $4,400. 3. A debit memo was included with the bank statement for a service charge of $30. 4. A $7,620 check written in June had not been paid by the bank. 5. The bank statement included a $1,800 credit memo for the collection of a note. The principal of the note was $1,680, and the interest collected amounted to...
The April 30 bank statement for Trimble Corporation shows an ending balance of $35,192. The unadjusted cash account balance was $29,150. The accountant for Trimble gathered the following information: There was a deposit in transit for $4,406. The bank statement reports a service charge of $59. A credit memo included in the bank statement shows interest earned of $215. Outstanding checks totaled $11,362. The bank statement included a $1,070 NSF check deposited in April. What is the true cash balance...
Saved The April 30 bank statement for Trimble Corporation shows an ending balance of $40,464. The unadjusted cash account balance was $33,950. The accountant for Trimble gathered the following information: 1. There was a deposit in transit for $5,398. 2. The bank statement reports a service charge of $179. 3. A credit memo included in the bank statement shows interest earned of $855 4. Outstanding checks totaled $13,906. 5. The bank statement included a $2,670 NSF check deposited in April...
1. A bank statement shows a balance of $6,825 at June 30. The bank reconciliation is prepared and includes outstanding checks of $2,850, deposits in transit of $1,250, and a bank service charge of $40. Among the paid checks returned by the bank was check number 900 in the amount of $450, which the company had erroneously recorded in the accounting records as $60. The "adjusted cash balance" at June 30 is: Multiple Choice $5,985. $5,225. $3,525. $4,425. 2. The...
Help The following information is available for Trinkle Company for the month of June: 1. The unadjusted balance per the bank statement on June 30 was $57,972. 2. Deposits in transit on June 30 were $2,005. 3. A debit memo was included with the bank statement for a service charge of $7. 4. A $4,240 check written in June had not been paid by the bank. 5. The bank statement included a $1100 credit memo for the collection of a...
The following information is available for Trinkle Company for the month of June: The unadjusted balance per the bank statement on June 30 was $56,380. Deposits in transit on June 30 were $2,840. A debit memo was included with the bank statement for a service charge of $10. A $3,470 check written in June had not been paid by the bank. The bank statement included a $750 credit memo for the collection of a note. The principal of the note...