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Brief Exercise 4-12 Prepare a bank reconciliation (L04-5) Brangelina Adoption Agency's general ledger shows a cash...
Brangelina Adoption Agency's general ledger shows a cash balance of $4,575. The balance of cash in...
Brangelina Adoption Agency's general ledger shows a cash balance of $4,575. The balance of cash in the March-end bank statement is $7,309. A review of the bank statement reveals the following Information: checks outstanding of $2,785, bank service fees of $67, and Interest earned of $16 Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.) Bank balance Checks outstanding Company balance Service fees Interest earned Cash balance...
Exercise 4-9A Calculate the balance of cash using a bank reconciliation (L04-5) Spielberg Company's general ledger...
Exercise 4-9A Calculate the balance of cash using a bank reconciliation (L04-5) Spielberg Company's general ledger shows a checking account balance of $22.850 on July 31, 2021. The July cash receipts of $1765. included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $43. The bank processes all checks written by the company...
Exercise 4-9A Calculate the balance of cash using a bank reconciliation (LO4-5) Spielberg Company's general ledger...
Exercise 4-9A Calculate the balance of cash using a bank reconciliation (LO4-5) Spielberg Company's general ledger shows a checking account balance of $22,950 on July 31, 2021. The July cash receipts of $1,865, included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $53. The bank processes all checks written by the company...
Required information Problem 4-2A Prepare the bank reconciliation and record cash adjustments (L04-5) The following information...
Required information Problem 4-2A Prepare the bank reconciliation and record cash adjustments (L04-5) The following information applies to the questions displayed below. Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021. Date Amount $ 4,700 Deposits: Checka: 2/18 2/25 2/26-2/28 Amount $ 2,700 2.300 3,200 4,100 1,500 $ 13,900...
Exercise 4-10A Calculate the balance of cash using a bank reconciliation (L04-5) On August 31, 2021,...
Exercise 4-10A Calculate the balance of cash using a bank reconciliation (L04-5) On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7774. Cash receipts yet to be deposited into the checking account total $3,168, and checks written by the academy but not yet processed by the bank total $1,255. The company's balance of cash does not reflect a bank service fee of $18 and interest earned on the checking account of...
Brief Exercise 4-27 Bank Reconciliation
Brief Exercise 4-27Bank ReconciliationHula Corp. utilizes J.P. Morgan Chase in its banking transactions. For the month of August, 2019, J.P. Morgan Chase presented Hula with its bank statement as follows:Balance, August 31, 2019$64,900Service charge for August100Interest earned during August875NSF check from Jeffrey Corp. (deposited by Hula)450Note ($11,000) and interest ($425) collected for Hula from a customer11,425Upon receiving the bank statement, Hula's accountants analyzed its cash transactions for possible reconciling items between its cash balance per books and J.P. Morgan Chase's...
| 11 Required information Problem 4-3A Prepare the bank reconciliation and record cash adjustments (L04-5) (The...
| 11 Required information Problem 4-3A Prepare the bank reconciliation and record cash adjustments (L04-5) (The following information applies to the questions displayed below.) Part 1 of 2 The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 points Cash Balance eBook - May 31, 2021 $5,200 Print Cash Balance Cash May 1, 2021 + Receipts $5,330 $11,790 Cash Receipts Date...
6- Given the following, prepare a bank reconciliation for May 31: The bank statement shows an...
6- Given the following, prepare a bank reconciliation for May 31: The bank statement shows an ending balance for May of $1190 Our general ledger balance shows an ending balance for May of $154 On 5/31 we recorded a deposit for $350 that doesn't show on the bank statement. The bank statement deducted $210 (the amount of our customer's check which bounced). We mistakenly deducted $196 for check #701, it correctly cleared the bank for $140 We deducted $595 of...
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,445. The...
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,445. The company's cash receipts for the month total $74,640, of which $71,375 has been deposited in the bank. In addition, the company has written checks for $72,515, of which $71,270 has been processed by the bank points The bank statement reveals an ending balance of $12,895 and includes the following items not yet recorded by Damon: bank service fees of $310, note receivable collected by...
Required information Problem 4-2A Prepare the bank reconciliation and record cash adjustments (L04-5) The following information...
Required information Problem 4-2A Prepare the bank reconciliation and record cash adjustments (L04-5) The following information applies to the questions displayed below Oscar's Red Carpet Store maintains a checking account with Academy Bank Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021 Date Amount So. Date Mount Deposits 2/4 $ 2,700 Checks: 321 2/2 $4,700 2/11 2.300 322 2/8 2/18...
Brangelina Adoption Agency's general ledger shows a cash balance of $4,575. The balance of cash in the March-end bank statement is $7,309. A review of the bank statement reveals the following Information: checks outstanding of $2,785, bank service fees of $67, and Interest earned of $16 Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.) Bank balance Checks outstanding Company balance Service fees Interest earned Cash balance...
Exercise 4-9A Calculate the balance of cash using a bank reconciliation (L04-5) Spielberg Company's general ledger shows a checking account balance of $22.850 on July 31, 2021. The July cash receipts of $1765. included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $43. The bank processes all checks written by the company...
Exercise 4-9A Calculate the balance of cash using a bank reconciliation (LO4-5) Spielberg Company's general ledger shows a checking account balance of $22,950 on July 31, 2021. The July cash receipts of $1,865, included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $53. The bank processes all checks written by the company...
Required information Problem 4-2A Prepare the bank reconciliation and record cash adjustments (L04-5) The following information applies to the questions displayed below. Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021. Date Amount $ 4,700 Deposits: Checka: 2/18 2/25 2/26-2/28 Amount $ 2,700 2.300 3,200 4,100 1,500 $ 13,900...
Exercise 4-10A Calculate the balance of cash using a bank reconciliation (L04-5) On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7774. Cash receipts yet to be deposited into the checking account total $3,168, and checks written by the academy but not yet processed by the bank total $1,255. The company's balance of cash does not reflect a bank service fee of $18 and interest earned on the checking account of...
| 11 Required information Problem 4-3A Prepare the bank reconciliation and record cash adjustments (L04-5) (The following information applies to the questions displayed below.) Part 1 of 2 The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 points Cash Balance eBook - May 31, 2021 $5,200 Print Cash Balance Cash May 1, 2021 + Receipts $5,330 $11,790 Cash Receipts Date...
6- Given the following, prepare a bank reconciliation for May 31: The bank statement shows an ending balance for May of $1190 Our general ledger balance shows an ending balance for May of $154 On 5/31 we recorded a deposit for $350 that doesn't show on the bank statement. The bank statement deducted $210 (the amount of our customer's check which bounced). We mistakenly deducted $196 for check #701, it correctly cleared the bank for $140 We deducted $595 of...
On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,445. The company's cash receipts for the month total $74,640, of which $71,375 has been deposited in the bank. In addition, the company has written checks for $72,515, of which $71,270 has been processed by the bank points The bank statement reveals an ending balance of $12,895 and includes the following items not yet recorded by Damon: bank service fees of $310, note receivable collected by...
Required information Problem 4-2A Prepare the bank reconciliation and record cash adjustments (L04-5) The following information applies to the questions displayed below Oscar's Red Carpet Store maintains a checking account with Academy Bank Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021 Date Amount So. Date Mount Deposits 2/4 $ 2,700 Checks: 321 2/2 $4,700 2/11 2.300 322 2/8 2/18...
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