Using the following information:
The bank statement balance is $5,550.
The cash account balance is $5,720.
Outstanding checks amounted to $875.
Deposits in transit are $1,002.
The bank service charge is $34.
A check for $43 for supplies was recorded as $34 in the ledger.
Prepare a bank reconciliation for Candace Co. for May 31.
Candace Co.
Bank Reconciliation
May 31
Cash balance according to bank statement$
Adjustments:
Deposits in transit not recorded by bank $
Outstanding checks
Total adjustments
Adjusted balance$
Cash balance according to company's records$
Adjustments:
Bank service charge $
Error in recording check
Total adjustments
Adjusted balance
Using the following information: The bank statement balance is $5,550. The cash account balance is $5,720....
Using the following information: The bank statement balance is $4,045. The cash account balance is $4,474. Outstanding checks amounted to $769. Deposits in transit are $1,121. The bank service charge is $68. A check for $34 for supplies was recorded as $25 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation May 31 Cash balance according to bank statement $ Adjustments: $ Total adjustments Adjusted balance $ Cash balance according to company's...
Using the following information: a. The bank statement balance is $2,979. b. The cash account balance is $3,243. c. Outstanding checks amounted to $629. d. Deposits in transit are $782. e. The bank service charge is $102. f. A check for $62 for supplies was recorded as $53 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement Adjustments: $ 2,979 Outstanding checks Total adjustments...
a. The bank statement balance is $3,159 b. The cash account balance is $3,334. c. Outstanding checks amounted to $785 d. Deposits in transit are $850 e. The bank service charge is $101 f. A check for $53 for supplies was recorded as $44 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliatiorn August 31 Cash balance according to bank statement Adjustments: 3,159 Deposits in transit not recorded by bank 850 Outstanding...
32. 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. Outstanding checks amounted to $465. Deposits in transit are $655. The bank service charge is $50. A check for $97 for supplies was recorded as $79 in the ledger.
The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $20,320. Cash balance according to the bank statement at August 31, $21,160. Checks outstanding, $4,120. Deposit in transit, not recorded by bank, $3,310. A check for $340 in payment of an account was erroneously recorded in the check register as $430. Bank debit memo for service charges, $60. a. Prepare a...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: Cash balance according to the company's records at July 31 $22,020. Cash balance according to the bank statement at July 31, $22,940. Checks outstanding, $4,470. Deposit in transit, not recorded by bank, $3,590. A check for $340 in payment of an account was erroneously recorded in the check register as $430. Bank debit memo for service charges, $50. a. Prepare a...
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, $20,870. 2. Cash balance according to the bank statement at August 31, $37,600. 3. Checks outstanding, $23,375 4. Deposit in transit not recorded by bank, $7,500 5. A check for $100 in payment of an account was erroneously recorded in the check register as $1,000. 6. Bank debit...
The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: Cash balance according to the company's records at July 31 $20,530. Cash balance according to the bank statement at July 31, $21,850. Checks outstanding, $4,170. Deposit in transit, not recorded by bank, $3,350. A check for $170 in payment of an account was erroneously recorded in the check register as $710. Bank debit memo for service charges, $40. a. Prepare a bank reconciliation,...
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,...
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...