Homework Answers
| Correct Answer: $9,705 | |||||
| Annapolis | |||||
| Bank Reconciliation (Partial) | |||||
| Aug-31 | |||||
| Bank Statement Balance | 9,340 | ||||
| Add: | |||||
| Deposit in Transit | 1,080 | ||||
| Deduct: | |||||
| Outstanding Checks | 715 | ||||
| Adjusted Bank Balance | 9,705 | ||||
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Annapolis Company's bank statement indicated an ending cash balance of $9,340. Alpha's accountant discovered that outstanding...
a. The bank statement balance is $3,159 b. The cash account balance is $3,334. c. Outstanding...
a. The bank statement balance is $3,159 b. The cash account balance is $3,334. c. Outstanding checks amounted to $785 d. Deposits in transit are $850 e. The bank service charge is $101 f. A check for $53 for supplies was recorded as $44 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliatiorn August 31 Cash balance according to bank statement Adjustments: 3,159 Deposits in transit not recorded by bank 850 Outstanding...
Using the following information: The bank statement balance is $5,550. The cash account balance is $5,720....
Using the following information: The bank statement balance is $5,550. The cash account balance is $5,720. Outstanding checks amounted to $875. Deposits in transit are $1,002. The bank service charge is $34. A check for $43 for supplies was recorded as $34 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation May 31 Cash balance according to bank statement$ Adjustments: Deposits in transit not recorded by bank $ Outstanding checks Total adjustments...
Using the following information: a. The bank statement balance is $2,979. b. The cash account balance...
Using the following information: a. The bank statement balance is $2,979. b. The cash account balance is $3,243. c. Outstanding checks amounted to $629. d. Deposits in transit are $782. e. The bank service charge is $102. f. A check for $62 for supplies was recorded as $53 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement Adjustments: $ 2,979 Outstanding checks Total adjustments...
6. Rainey Company's true cash balance at October 31 is 55030. The reconciliation • Outstanding check...
6. Rainey Company's true cash balance at October 31 is 55030. The reconciliation • Outstanding check 5780 • Deposits in transit, 5540 • Rank service charges, $105 . The hankhadootected account receivable for Rainey Copy, $1150 . The bank statement included an NSF check written by one of R y 's u s for What was the unadjusted book balance at October 31? A) S5825 B) $4780 54675 D) 55270 7. At March 31, Cummins Co. had an unadjusted balance...
Using the following information: The bank statement balance is $4,045. The cash account balance is $4,474....
Using the following information: The bank statement balance is $4,045. The cash account balance is $4,474. Outstanding checks amounted to $769. Deposits in transit are $1,121. The bank service charge is $68. A check for $34 for supplies was recorded as $25 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation May 31 Cash balance according to bank statement $ Adjustments: $ Total adjustments Adjusted balance $ Cash balance according to company's...
On September 30 the bank statement of Fine Company showed a balance of $12.900. The following...
On September 30 the bank statement of Fine Company showed a balance of $12.900. The following information was revealed by comparing the bank statement to the cash balance in Fine's accounting records: • Deposits in transit amounted to $5.250 • Outstanding checks amounted to $9,420 • A $760 check was incorrectly drawn on Fine's account • NSF checks returned by the bank were $1.240 • The bank service charge was $43 • Credit memo for $180 for the collection of...
QUESTION 47 The Marjan Company's bank statement showed a balance of $14,087 on March 31, 2017....
QUESTION 47 The Marjan Company's bank statement showed a balance of $14,087 on March 31, 2017. In searching its records and the bank statement, Marjan found the following: $ 856 80 Outstanding checks Bank service charges Non-sufficient funds checks Deposits in transit Customer note collected by the bank 907 1,640 1,020 Based on this financial information, what should be the adjusted bank balance on the bank reconciliation? (Do Not enter dollar signs.) II
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...
In anticipation of preparing the July bank reconciliation, the accountant gathered the following information: Bank statement...
In anticipation of preparing the July bank reconciliation, the accountant gathered the following information: Bank statement balance $4,300 Deposit in transit 500 Outstanding checks 300 Bank service charges 10 Customer's NSF check returned by the bank 50 What is the company's adjusted cash balance at July 31st? $4,300 $4,050 $4,140 $4,500
Nickleson Company had an unadjusted cash balance of $8,875 as of May 31. The company's bank...
Nickleson Company had an unadjusted cash balance of $8,875 as of May 31. The company's bank statement, also dated May 31, included a $89 NSF check written by one of Nickleson's customers. There were $484 in outstanding checks and $205 in deposits in transit as of May 31. According to the bank statement, service charges were $35, and the bank collected a $1,000 note receivable for Nickleson. The bank statement also showed $12 of interest revenue earned by Nickleson Required...
a. The bank statement balance is $3,159 b. The cash account balance is $3,334. c. Outstanding checks amounted to $785 d. Deposits in transit are $850 e. The bank service charge is $101 f. A check for $53 for supplies was recorded as $44 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliatiorn August 31 Cash balance according to bank statement Adjustments: 3,159 Deposits in transit not recorded by bank 850 Outstanding...
Using the following information: a. The bank statement balance is $2,979. b. The cash account balance is $3,243. c. Outstanding checks amounted to $629. d. Deposits in transit are $782. e. The bank service charge is $102. f. A check for $62 for supplies was recorded as $53 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement Adjustments: $ 2,979 Outstanding checks Total adjustments...
6. Rainey Company's true cash balance at October 31 is 55030. The reconciliation • Outstanding check 5780 • Deposits in transit, 5540 • Rank service charges, $105 . The hankhadootected account receivable for Rainey Copy, $1150 . The bank statement included an NSF check written by one of R y 's u s for What was the unadjusted book balance at October 31? A) S5825 B) $4780 54675 D) 55270 7. At March 31, Cummins Co. had an unadjusted balance...
On September 30 the bank statement of Fine Company showed a balance of $12.900. The following information was revealed by comparing the bank statement to the cash balance in Fine's accounting records: • Deposits in transit amounted to $5.250 • Outstanding checks amounted to $9,420 • A $760 check was incorrectly drawn on Fine's account • NSF checks returned by the bank were $1.240 • The bank service charge was $43 • Credit memo for $180 for the collection of...
QUESTION 47 The Marjan Company's bank statement showed a balance of $14,087 on March 31, 2017. In searching its records and the bank statement, Marjan found the following: $ 856 80 Outstanding checks Bank service charges Non-sufficient funds checks Deposits in transit Customer note collected by the bank 907 1,640 1,020 Based on this financial information, what should be the adjusted bank balance on the bank reconciliation? (Do Not enter dollar signs.) II
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...
Nickleson Company had an unadjusted cash balance of $8,875 as of May 31. The company's bank statement, also dated May 31, included a $89 NSF check written by one of Nickleson's customers. There were $484 in outstanding checks and $205 in deposits in transit as of May 31. According to the bank statement, service charges were $35, and the bank collected a $1,000 note receivable for Nickleson. The bank statement also showed $12 of interest revenue earned by Nickleson Required...
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