Homework Answers
| WRIGHT COMPANY | |||
| Bank Reconciliation | |||
| May 31. | |||
| Bank Statement balance | $26,200 | Book balance | $27,900 |
| Add: Deposits outstanding | $6,400 | Less: Service fees | ($120) |
| Less: Checks outstanding: | ($5,800) | Less: NSF Check | ($560) |
| Add: Bank error | $420 | ||
| Adjusted bank balance | $27,220 | Adjusted book balance | $27,220 |
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Wright Company's cash account shows a $29,100 debit balance and its bank statement shows $27,400 on...
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 $28,500 debit balance and its bank statement shows $26,800 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 $28,700 debit balance and its bank statement shows $27,000 on...
Wright Company's cash account shows a $28,700 debit balance and its bank statement shows $27,000 on deposit at the close of business on May 31. a. The May 31 bank statement lists $160 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,200. c. May 31 cash receipts of $6,800 were placed in the bank's night depository after banking hours and were not recorded on the...
Exercise 6-12 Bank reconciliation P3 Wright Company deposits all cash receipts on the day when they...
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...
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...
Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check.
Exercise 6-12 Bank reconciliation LO 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. a. The May 31 bank statement lists $100 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as...
Check The following information is available to reconcile Branch Company's book balance of cash with its...
Check The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31 a. On July 31, the company's Cash account has a $27,497 debit balance, but its July bank statement shows a $27,233 cash balance. b. Check No. 3031 for $1,482, Check No. 3065 for $382, and Check No. 3069 for $2,281 are outstanding checks as of July 31. c. Check No. 3056 for July rent expense was...
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.
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...
Required information Use the following information for the Exercises below The following information applies to the...
Required information Use the following information for the Exercises below The following information applies to the questions displayed below.] Del Gato Clinic 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 June 30, 2017, its Cash account shows an $15,966 debit balance. Del Gato Clinic's June 30 bank statement shows $16,274 on deposit in the bank. a. Outstanding checks as of June 30 total...
The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance as of July 31.
Required information[The following information applies to the questions
displayed below.]The following information is available to reconcile Branch
Company’s book balance of cash with its bank statement cash balance
as of July 31. On July 31, the company’s Cash account has a $24,906 debit
balance, but its July bank statement shows a $27,589 cash
balance.Check No. 3031 for $1,640, Check No. 3065 for $596, and Check
No. 3069 for $2,408 are outstanding checks as of July 31.Check No. 3056 for July rent...
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 $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 $28,700 debit balance and its bank statement shows $27,000 on deposit at the close of business on May 31. a. The May 31 bank statement lists $160 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,200. c. May 31 cash receipts of $6,800 were placed in the bank's night depository after banking hours and were not recorded on the...
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...
Check The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31 a. On July 31, the company's Cash account has a $27,497 debit balance, but its July bank statement shows a $27,233 cash balance. b. Check No. 3031 for $1,482, Check No. 3065 for $382, and Check No. 3069 for $2,281 are outstanding checks as of July 31. c. Check No. 3056 for July rent expense was...
Required information Use the following information for the Exercises below The following information applies to the questions displayed below.] Del Gato Clinic 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 June 30, 2017, its Cash account shows an $15,966 debit balance. Del Gato Clinic's June 30 bank statement shows $16,274 on deposit in the bank. a. Outstanding checks as of June 30 total...
Required information[The following information applies to the questions
displayed below.]The following information is available to reconcile Branch
Company’s book balance of cash with its bank statement cash balance
as of July 31. On July 31, the company’s Cash account has a $24,906 debit
balance, but its July bank statement shows a $27,589 cash
balance.Check No. 3031 for $1,640, Check No. 3065 for $596, and Check
No. 3069 for $2,408 are outstanding checks as of July 31.Check No. 3056 for July rent...
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