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16 A company's bank statement shows a cash balance of $4,200. Comparing the company's cash records...
A company's bank statement shows a cash balance of $4.110. Comparing the company's cash records with...
A company's bank statement shows a cash balance of $4.110. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,130, NSF check of $260, interest earned of $31. service fee of $42, and a check for $150 recorded twice by the company. Calculate the correct balance of cash. ach balance $ 2,379 Prey 2 of 10 Next >
Item 2 Item 2 A company's bank statement shows a cash balance of $4,110. Comparing the...
Item 2 Item 2 A company's bank statement shows a cash balance of $4,110. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,130, NSF check of $260, interest earned of $31, service fee of $42, and a check for $150 recorded twice by the company. Calculate the correct balance of cash.
The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017.
The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017. a. On July 31, the company's Cash account has a $25,644 debit balance, but its July bank statement shows a $26,809 cash balance. b. Check No. 3031 for $1,060 and Check No. 3040 for $522 were outstanding on the June 30 bank reconciliation. Check No. 3040 is listed with the July canceled checks, but Check No. 3031 is...
The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017.
The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017. a. On July 31, the company's Cash account has a $25,756 debit balance, but its July bank statement shows a $26774 cash balance. b. Check No. 3031 for $1,000 and Check No. 3040 for $492 were outstanding on the June 30 bank reconciliation. Check No. 3040 is listed with the July canceled checks, but Check No. 3031 is...
Chapter 5 Bank Reconciliation Numbers Corporation February 28 bank statement has an ending cash balance of...
Chapter 5 Bank Reconciliation Numbers Corporation February 28 bank statement has an ending cash balance of $2,567. On February 28, Numbers Corporation check register shows a cash balance of $860. After comparing the check register items to the bank statement, the following items were noted: a) Outstanding checks total $2,250 b) Interest paid by the bank on the statement C) NSF check from a customer 32 d) Deposit in transit 1,900 e) Service fees charged by the bank Direct deposit...
Nolan Company's cash account shows a $26,426 debit balance and its bank statement shows $25,694 on...
Nolan Company's cash account shows a $26,426 debit balance and its bank statement shows $25,694 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,907. b. The June 30 bank statement lists $32 in bank service charges; the company has not yet recorded the cost of these services. c. In reviewing the bank statement, a $80 check written by the company was mistakenly recorded in the company's books as $89. d. June 30 cash receipts...
Y's bank statement for September 30 showed a cash balance of $1,350. The company's Cash September...
y's bank statement for September 30 showed a cash balance of $1,350. The company's Cash September 30. a A customer's check for NSF was charged the company's account a $25 processing fee. $100 marked NSF was returned to Brown Company by the bank. In addition, the bank b. The September 30 cash reccipts, 51,250, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement. c....
Wright Company's cash account shows a $30,100 debit balance and its bank statement shows $28,400 on...
Wright Company's cash account shows a $30,100 debit balance and its bank statement shows $28,400 on deposit at the close of business on May 31. The May 31 bank statement lists $230 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total $6,900. May 31 cash receipts of $7,500 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank...
Bourne Incorporated reports a cash balance at the end of the month of $2,445. A comparison...
Bourne Incorporated reports a cash balance at the end of the month of $2,445. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($78), an NSF check from a customer ($280), a customer’s note receivable collected by the bank ($1,100), and interest earned ($28). Calculate the reconciled company balance for cash. (Amounts to be deducted should be indicated with a minus sign.) Company balance Service fees NSF check Note...
Bourne Incorporated reports a cash balance at the end of the month of $2,395. A comparison...
Bourne Incorporated reports a cash balance at the end of the month of $2,395. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($76), an NSF check from a customer ($260), a customer's note receivable collected by the bank ($1,000), and Interest earned ($26). Required: Calculate the reconciled company balance for cash. (Amounts to be deducted should be indicated with a minus sign.) Company balance Service fees NSF check...
A company's bank statement shows a cash balance of $4.110. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,130, NSF check of $260, interest earned of $31. service fee of $42, and a check for $150 recorded twice by the company. Calculate the correct balance of cash. ach balance $ 2,379 Prey 2 of 10 Next >
Chapter 5 Bank Reconciliation Numbers Corporation February 28 bank statement has an ending cash balance of $2,567. On February 28, Numbers Corporation check register shows a cash balance of $860. After comparing the check register items to the bank statement, the following items were noted: a) Outstanding checks total $2,250 b) Interest paid by the bank on the statement C) NSF check from a customer 32 d) Deposit in transit 1,900 e) Service fees charged by the bank Direct deposit...
y's bank statement for September 30 showed a cash balance of $1,350. The company's Cash September 30. a A customer's check for NSF was charged the company's account a $25 processing fee. $100 marked NSF was returned to Brown Company by the bank. In addition, the bank b. The September 30 cash reccipts, 51,250, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement. c....
Bourne Incorporated reports a cash balance at the end of the month of $2,395. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($76), an NSF check from a customer ($260), a customer's note receivable collected by the bank ($1,000), and Interest earned ($26). Required: Calculate the reconciled company balance for cash. (Amounts to be deducted should be indicated with a minus sign.) Company balance Service fees NSF check...
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