Homework Answers
Answer 213,160
| Checks recorded in the bank (344,200 - 600) | 343,600 |
| Outstanding checks at June 30 | 265,200 |
| Checks should be recorded in June in bank | 608,800 |
| Checks recorded in cash book (396,040 - 400) | 395,640 |
| Checks outstanding at the beginning of June | 213,160 |
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1.
The following information was included in the bank reconciliation for Perseverance Comp Checks and charges...
Marina Comp. deposits all receipts and makes all payments by check. The following information is available...
Marina Comp. deposits all receipts and makes all payments by check. The following information is available from the cash records: MARCH 31 BANK RECONCILIATION Balance per bank $26,746 Add: Deposits in transit 2,100 Deduct: Outstanding checks (3,800) Balance per books $25,046 Month of April Results Per Bank Per Books Balance April 30 $27,995 $27,355 April deposits 11,784 13,889 April checks 11,100 10,080 April note collected (not included in April deposits) 3,000 -0- April bank service charge 35 -0- April NSF...
Shown below is the bank reconciliation for Marvelous Company for May 2019: Balance per bank, May...
Shown below is the bank reconciliation for Marvelous Company for May 2019: Balance per bank, May 31, 2019 P75,000 Add: Deposits in transit 12,000 Total 87,000 Less: Outstanding checks P14,000 Bank credit recorded in error 5,000 19,000 Cash balance per books, 5/31/19 P68,000 The bank statement for June 2019 contains the following data: Total deposits P55,000 Total charges, including an NSF check of P4,000 and a service charge of P200 48,000 All outstanding checks on May 31, 2019, including the...
12. Shane Company gathered the following reconciling information in preparing its April bank reconciliation: Cash b...
12. Shane Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 ... Deposits in transit $6,600 900 Notes receivable and interest collected by bank ............... 2,200 Bank charge for check printing Outstanding checks NSF check 450 The adjusted cash balance per books on April 30 is a. $4,310. b. $8,300. c. $7,910. d. $8,330 4.500 13. For which of the following errors should the appropriate amount be added to the balance per...
bank reconciliation Bank Reconciliation The following information is available to assist you in preparing a bank...
bank reconciliation
Bank Reconciliation The following information is available to assist you in preparing a bank reconciliation for Burgoon Enterprises on May 31: a. The balance on the May 31 bank statement is $8,432.11. b. Not included on the bank statement is a $1,250 deposit made by Burgoon Enterprises late on May 31. c. A comparison between the canceled checks returned with the bank statement and the company records indicated that the following checks are outstanding at May 31: No....
E7.24 (LO6) (Bank Reconciliation and Adjusting Entries) Kipling plc deposits all receipts and makes all payments by chec...
E7.24 (LO6) (Bank Reconciliation and Adjusting Entries) Kipling plc deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank ￡7,000 Add: Deposits in transit 1,540 Deduct: Outstanding checks 2,000 Balance per books ￡6,540 Month of July Results Per Bank Per Books Balance July 31 ￡8,650 ￡9,250 July deposits 4,500 5,810 July checks 4,000 3,100 July note collected (not included in July deposits) 1,500 — July...
33. Wilson Company gathered the following reconciling information in preparing its August bank reconciliation: $7,000 300...
33. Wilson Company gathered the following reconciling information in preparing its August bank reconciliation: $7,000 300 1,700 40 4,000 340 Cash balance per books, 8/31 Deposits in transit Notes receivable and interest collected by bank Bank charge for check printing Outstanding checks NSF check The adjusted cash balance per books on August 31 is a. $8,320. b. $8,020. c. $4,620. d. $4,920. 34.An adjusting entry is not required for a. outstanding checks. b. collection of a note by the bank....
Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $14,800. The bank reconciliation...
Egrane, Inc.'s monthly bank statement showed the ending balance
of cash of $14,800. The bank reconciliation for the period showed
an adjustment for a deposit in transit of $1,200, outstanding
checks of $1,600, a NSF check of $560, bank service charges of $24
and the EFT from a customer in payment of the customer's account of
$1,200.
What journal entry should be recorded by Egrane for the NSF
check returned?
MC Qu. 5-150 Egrane, Inc.s monthly bank statement.. grane, Inc.'s...
Nancy Lansbury Company deposits all receipts and makes all payments by check. The following information is...
Nancy Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $23,800 Add: Deposits in transit 5,236 Deduct: Outstanding checks (6,800 ) Balance per books $22.236 Month of July Results Per Bank Per Books Balance July 31 $29,410 $31,450 July deposits 15,300 19,754 July checks 13,600 10,540 July note collected (not included in July deposits) 5,100 July bank service charge 51 July NSF...
Linda Lansbury Company deposits all receipts and makes all payments by check. The following information is...
Linda Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation $11,200 Balance per bank Add: Deposits in transit Deduct: Outstanding checks 2,464 (3,200) $10,464 Balance per books Month of July Results Per Bank Per Books $13,840 7,200 6,400 $14,800 9,296 4,960 Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge July NSF check from a...
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at june...
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at june 30 $9,172.54 Balance per Cash account, June 30. Balance per bank statement,June 30. Deposits not reflected on bank statement Outstanding checks, June 30. Service charge on bank statement not recorded in books Error by bank-Yertel Company check charged on oung Company's bank statement Check for advertising expense incorrectly recorded in books as 14.3 715 YOUNG COMPANY Bank Reconciliation June 30 0Balance from general ledger...
Shown below is the bank reconciliation for Marvelous Company for May 2019: Balance per bank, May 31, 2019 P75,000 Add: Deposits in transit 12,000 Total 87,000 Less: Outstanding checks P14,000 Bank credit recorded in error 5,000 19,000 Cash balance per books, 5/31/19 P68,000 The bank statement for June 2019 contains the following data: Total deposits P55,000 Total charges, including an NSF check of P4,000 and a service charge of P200 48,000 All outstanding checks on May 31, 2019, including the...
12. Shane Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 ... Deposits in transit $6,600 900 Notes receivable and interest collected by bank ............... 2,200 Bank charge for check printing Outstanding checks NSF check 450 The adjusted cash balance per books on April 30 is a. $4,310. b. $8,300. c. $7,910. d. $8,330 4.500 13. For which of the following errors should the appropriate amount be added to the balance per...
bank reconciliation
Bank Reconciliation The following information is available to assist you in preparing a bank reconciliation for Burgoon Enterprises on May 31: a. The balance on the May 31 bank statement is $8,432.11. b. Not included on the bank statement is a $1,250 deposit made by Burgoon Enterprises late on May 31. c. A comparison between the canceled checks returned with the bank statement and the company records indicated that the following checks are outstanding at May 31: No....
33. Wilson Company gathered the following reconciling information in preparing its August bank reconciliation: $7,000 300 1,700 40 4,000 340 Cash balance per books, 8/31 Deposits in transit Notes receivable and interest collected by bank Bank charge for check printing Outstanding checks NSF check The adjusted cash balance per books on August 31 is a. $8,320. b. $8,020. c. $4,620. d. $4,920. 34.An adjusting entry is not required for a. outstanding checks. b. collection of a note by the bank....
Egrane, Inc.'s monthly bank statement showed the ending balance
of cash of $14,800. The bank reconciliation for the period showed
an adjustment for a deposit in transit of $1,200, outstanding
checks of $1,600, a NSF check of $560, bank service charges of $24
and the EFT from a customer in payment of the customer's account of
$1,200.
What journal entry should be recorded by Egrane for the NSF
check returned?
MC Qu. 5-150 Egrane, Inc.s monthly bank statement.. grane, Inc.'s...
Nancy Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $23,800 Add: Deposits in transit 5,236 Deduct: Outstanding checks (6,800 ) Balance per books $22.236 Month of July Results Per Bank Per Books Balance July 31 $29,410 $31,450 July deposits 15,300 19,754 July checks 13,600 10,540 July note collected (not included in July deposits) 5,100 July bank service charge 51 July NSF...
Linda Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation $11,200 Balance per bank Add: Deposits in transit Deduct: Outstanding checks 2,464 (3,200) $10,464 Balance per books Month of July Results Per Bank Per Books $13,840 7,200 6,400 $14,800 9,296 4,960 Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge July NSF check from a...
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at june 30 $9,172.54 Balance per Cash account, June 30. Balance per bank statement,June 30. Deposits not reflected on bank statement Outstanding checks, June 30. Service charge on bank statement not recorded in books Error by bank-Yertel Company check charged on oung Company's bank statement Check for advertising expense incorrectly recorded in books as 14.3 715 YOUNG COMPANY Bank Reconciliation June 30 0Balance from general ledger...
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