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Consider the following bank statement and general ledger for Kalasa's Spa (Click the Kon to view...
when reconciling the ledger with the bank statement assuming a positive bank balance a returned dishonored...
when reconciling the ledger with the bank statement assuming a
positive bank balance a returned dishonored Chequers should
be
Q.024 When reconciling the ledger with the bank statement (assuming a positive bank balance) a returned (dishonoured) cheque should be: Select one: a. Added to the bank statement balance in the reconciliation b. Subtracted from the general ledger bank balance c. Subtracted from the bank statement balance d. Added to the general ledger bank balance
Saved Help Save & Exit Submit Santana Rey receives the March bank statement for Business Solutions...
Saved Help Save & Exit Submit Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an ending cash balance of $66,866. The general ledger Cash account, No. 101, shows an ending cash balance per books of $67,340 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following. a. The bank erroneously cleared a $480...
Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statemen...
Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an ending cash balance of $68,066. The general ledger Cash account. No. 101. shows an ending cash balance per books of $68,578 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following. a. The bank erroneously cleared a $520 check against the company account in...
Question 4: (12 marks) Green's Grocery Store developed the following information in recording its bank statement...
Question 4: (12 marks) Green's Grocery Store developed the following information in recording its bank statement for the month of March 2022. Balance per books March 31 $ 10,768 Balance per bank statement March 31 $13,000 Additional information: 1. Cheques written in March but still outstanding $7,732. 2. Deposits of March 30 and 31 not yet recorded by bank $5,355. 3. NSF cheque of customer returned by bank $545. 4. Bank service charge for March was $50. 5. A payment...
Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March...
Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an ending cash balance of $67,766. The general ledger Cash account, No. 101, shows an ending cash balance per books of $68,222 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following a. The bank erroneously cleared a $460 check against the company account in...
The following has been summarised after a review for Memories Limited the bank statement, dated 31st...
The following has been summarised after a review for Memories Limited the bank statement, dated 31st July 2020, and the general ledger (ignore GST): | In ledger but not on bank statement Outstanding deposits | Unpresented cheques $1,400 $4.200 $500 On bank statement but not in ledger Credit entry for collection of bad debt recovered Bank fees charged $140 Errors Error made by bank - Bank fee overcharged $134 $17,762Dr Bank related information Unadjusted 'bank' general ledger account balance as...
Additional data for the bank reconciliation follow (Click the icon to view the additional information.) The...
Additional data for the bank reconciliation follow (Click the icon to view the additional information.) The December cash records of Devin Insurance follow: (Click the icon to view the checkbook.) Devin's Cash account shows a balance of $17,440 at December 31. On December 31, Devin Insurance received the following bank statement: (Click the icon to view the December bank statement.) Read the requirements. Requirement 1. Prepare the bank reconciliation of Devin Insurance at December 31, 2018. Prepare the bank portion...
Harrison Company's checkbook lists the following: (Click the icon to view the checkbook.) The June bank...
Harrison Company's checkbook lists the following: (Click the icon to view the checkbook.) The June bank statement shows: E: (Click the icon to view the June bank statement.) Requirement 1. Prepare Harrison's bank reconciliation at June 30, 2019. (Include the balances at June 30 in each of the addition subtotal calculations. If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Checkbook Bank statement F. L. Harrison's Bank...
On 30 June 2007, Valencia Corporation had a cash balance in its general ledger of $11,595. The company’s bank statement showed a 30 June balance of $12,540. The following facts have come to your attention: (a) Valencia Corporation, 30 June deposit of $2,5
On 30 June 2007, Valencia Corporation had a cash balance in its general ledger of $11,595. The company’s bank statement showed a 30 June balance of $12,540. The following facts have come to your attention:(a) Valencia Corporation, 30 June deposit of $2,500 was not included on the bank statement because it was dropped in the night depository after bank hours on 30 June.(b) The bank service charge for the month was $40.(c) The bank collected a note receivable of $2,000...
Additional data for the bank reconciliation follow: (Click the icon to view the additional information.) The...
Additional data for the bank reconciliation follow: (Click the icon to view the additional information.) The December cash records of Buffy Insurance follow: .: (Click the icon to view the checkbook.) Buffy's Cash account shows a balance of $17,040 at December 31. On December 31, Buffy Insurance received the following bank statement: E: (Click the icon to view the December bank statement.) Read the requirements. Requirement 1. Prepare the bank reconciliation of Buffy Insurance at December 31, 2018 Data Table...
when reconciling the ledger with the bank statement assuming a
positive bank balance a returned dishonored Chequers should
be
Q.024 When reconciling the ledger with the bank statement (assuming a positive bank balance) a returned (dishonoured) cheque should be: Select one: a. Added to the bank statement balance in the reconciliation b. Subtracted from the general ledger bank balance c. Subtracted from the bank statement balance d. Added to the general ledger bank balance
Saved Help Save & Exit Submit Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an ending cash balance of $66,866. The general ledger Cash account, No. 101, shows an ending cash balance per books of $67,340 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following. a. The bank erroneously cleared a $480...
Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an ending cash balance of $68,066. The general ledger Cash account. No. 101. shows an ending cash balance per books of $68,578 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following. a. The bank erroneously cleared a $520 check against the company account in...
Question 4: (12 marks) Green's Grocery Store developed the following information in recording its bank statement for the month of March 2022. Balance per books March 31 $ 10,768 Balance per bank statement March 31 $13,000 Additional information: 1. Cheques written in March but still outstanding $7,732. 2. Deposits of March 30 and 31 not yet recorded by bank $5,355. 3. NSF cheque of customer returned by bank $545. 4. Bank service charge for March was $50. 5. A payment...
Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an ending cash balance of $67,766. The general ledger Cash account, No. 101, shows an ending cash balance per books of $68,222 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following a. The bank erroneously cleared a $460 check against the company account in...
The following has been summarised after a review for Memories Limited the bank statement, dated 31st July 2020, and the general ledger (ignore GST): | In ledger but not on bank statement Outstanding deposits | Unpresented cheques $1,400 $4.200 $500 On bank statement but not in ledger Credit entry for collection of bad debt recovered Bank fees charged $140 Errors Error made by bank - Bank fee overcharged $134 $17,762Dr Bank related information Unadjusted 'bank' general ledger account balance as...
Additional data for the bank reconciliation follow (Click the icon to view the additional information.) The December cash records of Devin Insurance follow: (Click the icon to view the checkbook.) Devin's Cash account shows a balance of $17,440 at December 31. On December 31, Devin Insurance received the following bank statement: (Click the icon to view the December bank statement.) Read the requirements. Requirement 1. Prepare the bank reconciliation of Devin Insurance at December 31, 2018. Prepare the bank portion...
Harrison Company's checkbook lists the following: (Click the icon to view the checkbook.) The June bank statement shows: E: (Click the icon to view the June bank statement.) Requirement 1. Prepare Harrison's bank reconciliation at June 30, 2019. (Include the balances at June 30 in each of the addition subtotal calculations. If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Checkbook Bank statement F. L. Harrison's Bank...
Additional data for the bank reconciliation follow: (Click the icon to view the additional information.) The December cash records of Buffy Insurance follow: .: (Click the icon to view the checkbook.) Buffy's Cash account shows a balance of $17,040 at December 31. On December 31, Buffy Insurance received the following bank statement: E: (Click the icon to view the December bank statement.) Read the requirements. Requirement 1. Prepare the bank reconciliation of Buffy Insurance at December 31, 2018 Data Table...
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