Homework Answers
| Unadjusted balance per bank | 7318 |
| Add Deposits in transit | 5780 |
| 13098 | |
| Less Outstanding checks | 1320 |
| Adjusted balance as per bank | 11778 |
| Unadjusted balance per books | 9634 |
| Add etf collected by bank | 2170 |
| 11804 | |
| Less bank service charge | 26 |
| Adjusted balance asx per books | 11778 |
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O 04:37:28 Hide Timer Jayden Sheridan owns Sheridan Electric and indicates on December 31 the unadjusted...
Current Attempt in Progress Jayden Wildhorse owns Wildhorse Electric and indicates on December 31 the unadjusted...
Current Attempt in Progress Jayden Wildhorse owns Wildhorse Electric and indicates on December 31 the unadjusted balance per his books is $10,334 and the unadjusted balance on his bank statement is $7,851. Prepare a bank reconciliation given the following: (a) Outstanding cheques of $1,420 (b) Deposits in transit of $6,200 (c) Debit memorandum for bank service charge of $23 (d) EFT of $2,320 from a customer for goods received (List items that increase balance as per bank & books first.)
You r is incorrect Jayden Randolph owns Randolph Electrie Jayendes you to how he share the...
You r is incorrect Jayden Randolph owns Randolph Electrie Jayendes you to how he share the o nes when conching the co u rt (al Outstanding cheques of $1.200 (N Deposits in transit of $5.250 d Debit memorandum for bank service charge of $25 Id EFT of $1.970 from a customer for good received
Question 3 The bank portion of the bank reconciliation for Oriole Company at October 31, 2021,...
Question 3 The bank portion of the bank reconciliation for Oriole Company at October 31, 2021, was as follows: ORIOLE COMPANY Bank Reconciliation October 31, 2021 Cash balance per bank $11,020 Add: Deposits in transit 1,530 12,550 Less: Outstanding cheques #2451 $1,300 #2470 910 #2471 836 #2472 542 #2474 1,050 4,638 Adjusted cash balance per bank $7,912 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following:...
The bank portion of the bank reconciliation for Pharoah Company at October 31, 2021, was as...
The bank portion of the bank reconciliation for Pharoah Company at October 31, 2021, was as follows: PHAROAH COMPANY Bank Reconciliation October 31, 2021 Cash balance per bank $11,769 Add: Deposits in transit 1,540 13,309 Less: Outstanding cheques #2451 $1,400 #2470 920 #2471 845 #2472 522 #2474 1,060 4,747 Adjusted cash balance per bank $8,562 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following: PHAROAH COMPANY...
The bank portion of the bank reconciliation for Pharoah Company at October 31, 2021, was as...
The bank portion of the bank reconciliation for Pharoah Company at October 31, 2021, was as follows: PHAROAH COMPANY Bank Reconciliation October 31, 2021 Cash balance per bank $11,769 Add: Deposits in transit 1,540 13,309 Less: Outstanding cheques #2451 $1,400 #2470 920 #2471 845 #2472 522 #2474 1,060 4,747 Adjusted cash balance per bank $8,562 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following: PHAROAH COMPANY...
eeper of stealing. Here are some detalls of the business S Cash position at December 31,...
eeper of stealing. Here are some detalls of the business S Cash position at December 31, 2017 Additional Information a. The Cash account shows a balance of $10,430. This amount includes a December 31 deposit of $3,828 that does not appear on the December 31 bank statement. b. The December 31 bank statement shows a balance of $8,727. The bank statement lists a $270 bank collection, an $15 service charge, and a $52 NSF cheque. The bookkeeper has not recorded...
O AU TIL (25') The December cash record of Fort Imports and Exports Co. follows: Cash...
O AU TIL (25') The December cash record of Fort Imports and Exports Co. follows: Cash Receipts Date - Cash Payments Cash Debit Date Check Cash Credit No. Dec 5 $ 2,260 Dec 5 $ 2,735 4,718 305 3,190 306 150 1,004 307 3,266 Total S 11,172 309 175 310 2.400 Total $9,128 12 304 23 402 306 105 280- 28- 31 175 ABB Insurance's cash account shows a balance of $5,657 at December 31. On December 31, 2017 the...
Question 2 The bank portion of the bank reconciliation for Suka Suka Berhad at September 30,...
Question 2 The bank portion of the bank reconciliation for Suka Suka Berhad at September 30, 2014, was as follows. Suka Suka Berhad Bank Reconciliation September 30, 2014 Bank statement balance Add: Deposits in transit RM 5,800 240 6,040 Less: Outstanding cheques Cheque Number 1047 1048 1049 Adjusted bank balance Cheque Amount RM 1,200 830 1,750 3,780 2.260 The adjusted bank balance agreed with the book balance at September 30. The October 2014 bank statement showed the following cheques and...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...
LO 10-6, 10 10-36 Based on an assessment of audit risk, the auditors are concerned with...
LO 10-6, 10 10-36 Based on an assessment of audit risk, the auditors are concerned with the following two risks: 1. The risk that that the client might be making duplicate payments to vendors. 2. The risk that the client's accounting clerk might be making unauthorized payments to himself. a. Assuming that the client has a manual accounting system, describe how the auditors can design a test to identify the duplicate payments and unauthorized payments. b. Assuming that the client...
Current Attempt in Progress Jayden Wildhorse owns Wildhorse Electric and indicates on December 31 the unadjusted balance per his books is $10,334 and the unadjusted balance on his bank statement is $7,851. Prepare a bank reconciliation given the following: (a) Outstanding cheques of $1,420 (b) Deposits in transit of $6,200 (c) Debit memorandum for bank service charge of $23 (d) EFT of $2,320 from a customer for goods received (List items that increase balance as per bank & books first.)
You r is incorrect Jayden Randolph owns Randolph Electrie Jayendes you to how he share the o nes when conching the co u rt (al Outstanding cheques of $1.200 (N Deposits in transit of $5.250 d Debit memorandum for bank service charge of $25 Id EFT of $1.970 from a customer for good received
eeper of stealing. Here are some detalls of the business S Cash position at December 31, 2017 Additional Information a. The Cash account shows a balance of $10,430. This amount includes a December 31 deposit of $3,828 that does not appear on the December 31 bank statement. b. The December 31 bank statement shows a balance of $8,727. The bank statement lists a $270 bank collection, an $15 service charge, and a $52 NSF cheque. The bookkeeper has not recorded...
O AU TIL (25') The December cash record of Fort Imports and Exports Co. follows: Cash Receipts Date - Cash Payments Cash Debit Date Check Cash Credit No. Dec 5 $ 2,260 Dec 5 $ 2,735 4,718 305 3,190 306 150 1,004 307 3,266 Total S 11,172 309 175 310 2.400 Total $9,128 12 304 23 402 306 105 280- 28- 31 175 ABB Insurance's cash account shows a balance of $5,657 at December 31. On December 31, 2017 the...
Question 2 The bank portion of the bank reconciliation for Suka Suka Berhad at September 30, 2014, was as follows. Suka Suka Berhad Bank Reconciliation September 30, 2014 Bank statement balance Add: Deposits in transit RM 5,800 240 6,040 Less: Outstanding cheques Cheque Number 1047 1048 1049 Adjusted bank balance Cheque Amount RM 1,200 830 1,750 3,780 2.260 The adjusted bank balance agreed with the book balance at September 30. The October 2014 bank statement showed the following cheques and...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...
LO 10-6, 10 10-36 Based on an assessment of audit risk, the auditors are concerned with the following two risks: 1. The risk that that the client might be making duplicate payments to vendors. 2. The risk that the client's accounting clerk might be making unauthorized payments to himself. a. Assuming that the client has a manual accounting system, describe how the auditors can design a test to identify the duplicate payments and unauthorized payments. b. Assuming that the client...
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