At August 31, Coffman Company has this bank information: cash balance per bank P6, 450; outstanding...
At August 31, Coffman Company has this bank information: cash
balance per bank P6, 450;
outstanding checks P2, 762; deposits in transit P1, 700; and a bank
service charge P20.
Determine the adjusted cash balance per bank at August 31,
2019.
Homework Answers
Errors in books are corrected in books while errors and ommissions in bank statement are corrected in the bank statement as per bank reconciliation statement
Adjusted cash balance as per bank is as follows
Cash balance as per bank 6,450
Less: outstanding checks 2,762
Add: deposits in transit 1700
Adjusted caah balance as per bank = P7,512
Note: bank service charge must be adjusted in the books and not bank statement
Add Answer to:
At August 31, Coffman Company has this bank information: cash
balance per bank P6, 450;
outstanding...
At July 31, Ivanhoe Company has this bank information: cash balance per bank $8,925, outstanding checks...
At July 31, Ivanhoe Company has this bank information: cash balance per bank $8,925, outstanding checks $790, deposits in transit $1,285 and a bank service charge $50. Determine the adjusted cash balance per bank at July 31. The adjusted cash balance per bank at July 31
At July 31, Oriole Company has the following bank information: cash balance per bank $8,250, outstanding...
At July 31, Oriole Company has the following bank information: cash balance per bank $8,250, outstanding checks $692, deposits in transit $1,831, and a bank service charge $26. Determine the adjusted cash balance per bank at July 31.
At July 31, Crane Company has the following bank information: cash balance per bank $8,180, outstanding checks $742, de...
At July 31, Crane Company has the following bank information: cash balance per bank $8,180, outstanding checks $742, deposits in transit $1,831, and a bank service charge $20. Determine the adjusted cash balance per bank at July 31. Adjusted cash balance per bank :
Need help! The following information pertains to Crane Company. 1. Cash balance per books, August 31,...
Need help!
The following information pertains to Crane Company. 1. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. 3. Outstanding checks, August 31, $689. 4. August bank service charge not recorded by the depositor $41. 5. Deposits in transit, August 31, $2,760. In addition, $2,076 collected for Crane Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Crane Company. Prepare a bank reconciliation at...
Current Attempt in Progress At July 31, Crane Company has this bank information: cash balance per...
Current Attempt in Progress At July 31, Crane Company has this bank information: cash balance per bank $8,615, outstanding checks $660, deposits in transit $1,255 and a bank service charge $55. Determine the adjusted cash balance per bank at July 31 The adjusted cash balance per bank at July 31 $
The following information pertains to Sunland Company. 1. Cash balance per books, August 31, $7,424. 2....
The following information pertains to Sunland Company. 1. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. 3. Outstanding checks, August 31, $695. 4. August bank service charge not recorded by the depositor $47. 5. Deposits in transit, August 31, $3,060. In addition, $2,376 collected for Sunland Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sunland Company. Prepare a bank reconciliation at August 31,...
Determine the adjusted cash balance per bank on July 31.
At July 31, Farmer Company has this bank information: cash balance per bank $8,557; outstanding checks $663; deposits in transit $1,297; and bank service charge $22Determine the adjusted cash balance per bank on July 31.
At July 31, Ivanhoe Company has this bank informatior cash balance per bank $8.925, outstanding cheds...
At July 31, Ivanhoe Company has this bank informatior cash balance per bank $8.925, outstanding cheds $790, deposits in transit $1.285 and a bank service charge $50. Determine the adjusted cash balance per bank at July 31. The adjusted cash balance per bank at July 31 $
Jones Company collected the following information to prepare its August bank reconciliation: Cash balance per books,...
Jones Company collected the following information to prepare its August bank reconciliation: Cash balance per books, August 31, $9.400. Deposits in transit, $1,100. Notes receivable with interest collected by bank, $2,500. Bank service charges, $50. Outstanding checks, $1,450. NSF check, $400. How much is the adjusted cash balance per books on August 312 $7,030 $11,450 $10,000 $11,100 $10,650
Marta Company gathered the following information in preparing its August bank reconciliation: Cash balance per books,...
Marta Company gathered the following information in preparing its August bank reconciliation: Cash balance per books, 8/31 (unadjusted) $87,000 Deposits in transit 300 Notes receivable and interest collected by bank 1,700 Bank charge for check printing 40 Outstanding checks 4,000 NSF check 340 The adjusted cash balance per books on August 31 is: O$84,620 O $88,020 o $88,320 O $84,920
At July 31, Oriole Company has the following bank information: cash balance per bank $8,250, outstanding checks $692, deposits in transit $1,831, and a bank service charge $26. Determine the adjusted cash balance per bank at July 31.
At July 31, Crane Company has the following bank information: cash balance per bank $8,180, outstanding checks $742, deposits in transit $1,831, and a bank service charge $20. Determine the adjusted cash balance per bank at July 31. Adjusted cash balance per bank :
Need help!
The following information pertains to Crane Company. 1. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. 3. Outstanding checks, August 31, $689. 4. August bank service charge not recorded by the depositor $41. 5. Deposits in transit, August 31, $2,760. In addition, $2,076 collected for Crane Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Crane Company. Prepare a bank reconciliation at...
Current Attempt in Progress At July 31, Crane Company has this bank information: cash balance per bank $8,615, outstanding checks $660, deposits in transit $1,255 and a bank service charge $55. Determine the adjusted cash balance per bank at July 31 The adjusted cash balance per bank at July 31 $
The following information pertains to Sunland Company. 1. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. 3. Outstanding checks, August 31, $695. 4. August bank service charge not recorded by the depositor $47. 5. Deposits in transit, August 31, $3,060. In addition, $2,376 collected for Sunland Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sunland Company. Prepare a bank reconciliation at August 31,...
At July 31, Ivanhoe Company has this bank informatior cash balance per bank $8.925, outstanding cheds $790, deposits in transit $1.285 and a bank service charge $50. Determine the adjusted cash balance per bank at July 31. The adjusted cash balance per bank at July 31 $
Jones Company collected the following information to prepare its August bank reconciliation: Cash balance per books, August 31, $9.400. Deposits in transit, $1,100. Notes receivable with interest collected by bank, $2,500. Bank service charges, $50. Outstanding checks, $1,450. NSF check, $400. How much is the adjusted cash balance per books on August 312 $7,030 $11,450 $10,000 $11,100 $10,650
Marta Company gathered the following information in preparing its August bank reconciliation: Cash balance per books, 8/31 (unadjusted) $87,000 Deposits in transit 300 Notes receivable and interest collected by bank 1,700 Bank charge for check printing 40 Outstanding checks 4,000 NSF check 340 The adjusted cash balance per books on August 31 is: O$84,620 O $88,020 o $88,320 O $84,920
Most questions answered within 3 hours.
-
In a survey of 1147 small-business owners, the following
question was posed: Would you recommend working...
asked 16 minutes ago -
The value of the equilibrium constant Kc for the reaction
N2(g)+3H2(g)⇌2NH3(g) changes in the following manner...
asked 23 minutes ago -
There are two flasks on the bench top, one flask contains a 0.50
M NaCl solution...
asked 29 minutes ago -
Which of the following aqueous solutions are good buffer
systems?
.
0.10 M hydrofluoric acid +...
asked 30 minutes ago -
2. An S election is terminated if the S corporation has passive
investment income in excess...
asked 32 minutes ago -
Part of an ANOVA table is shown below.
Source of
Variation
Sum of
Squares
Degrees of...
asked 49 minutes ago -
Business process improvement initiatives often include
introducing new technology to support the new or changed ways...
asked 55 minutes ago -
Review your choice of either Agile or the Waterfall models and
for each of the 22...
asked 56 minutes ago -
Suppose an x distribution has mean μ = 4.
Consider two corresponding
x
distributions, the first...
asked 58 minutes ago -
A study of the effects of exercise used rats bred to have high
or low capacity...
asked 1 hour ago -
Using your data from the experiment, calculate the initial moles
of HCl that you started with....
asked 1 hour ago -
Suppose you want to make 500 mL of a 0.20 M Tris buffer at pH
8.0....
asked 1 hour ago