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Prepare the bank section of the bank reconciliation, then the
book section of the bank reconciliation.F. L. HarrisonBank ReconciliationAugust 31, 2015
Bank Reconciliation An accounting clerk for Muskegon Co. prepared the following bank reconciliation: Muskegon Co. Bank Reconciliation May 31, 2016 Cash balance according to company's records $6,910 Add: Outstanding checks $3,320 Error by Muskegon Co. in recording Check No. 2219 as $710 instead of $170 540 Note for $10,800 collected by bank, including interest 11,230 15,090 $22,000 $7,030 Deduct: Deposit in transit on May 31 30 7,060 Bank service charges $14,940 Cash balance according to bank statement data in this...
bank reconciliation the following dada were accumulated for
use in reconciliation gonna in the bank account of Creative Design
Co. for August 20Y6
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $42,920. 2. Cash balance according to the bank statement at August 31, $56,300. 3. Checks outstanding, $25,390. 4. Deposit in transit not recorded by bank,...
Option #1: Conducting a Bank Reconciliation Note: Part 1 is the bank reconciliation itself and Part 2 is for the adjusting entries. Instructions: Using the information below, complete the bank reconciliation for both the "book" and the "bank" sides and create all necessary adjusting journal entries. Details: • Cash balance per company's records as of July 31st, 2011 was $66,955. Bank statement balance as of July 31st, 2011 was $15,875. A deposit in the amount of $52,000 was deposited into...
please help prepare the journal entries after the bank
reconciliation and adjusting entries are made
3. Using the following information, prepare a bank reconciliation for Candace Co. for May 31: (a) The bank statement balance is $2,936. (b) The cash account balance is $3,194. (c) Outstanding checks amounted to $465. (d) Deposits in transit are $655. (e) The bank service charge is $50. (f) A check for $97 for supplies was recorded as $79 in the ledger. Prepare the bank...
Question 1 In preparing a bank reconciliation statement for a business with a substantial bank balance, the appropriate treatment for a $8 100 dividend on shares, deposited directly into the bank account, appearing on the bank statement is to: A. add it to the balance as per bank statement. B. deduct it from the balance as per bank statement. c. add it to the balance per company records. D. deduct it from the balance per company records. Question 2 In...
Prepare the bank account in the General Ledger as at 31 January 2020 Prepare the Bank Reconciliation Statement as at 31 January 2020
Fill in the missing amounts for the following bank reconciliation: Bank reconciliation March 31, 20-- Bank statement Balance $5,429 Add: Deposit in transit $5,795 Deduct: Outstanding checks No. 211 $302 No. 225 No. 228 448 1,221 Adjusted Bank Statement Balance $ Ledger Balance of Cash $4,080 Add: Note collected by bank 622 $ Deduct: Bank service and collection charges $ NSF check from customer 105 128 Adjusted Ledger Balance of Cash $
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....
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...