Homework Answers
Answer is An addition to the balance in the books.
Explanation:
The amount collected by bank on behalf of the business shall increase the balance of cash in the books if recorded.
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MC Qu. 9-10 On July 5, a company%u2019s accountan......
MC Qu. 9-63 Indicate in which section of the Bank Reconc... Indicate in which section of...
MC Qu. 9-63 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear. $XX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $XX Adjusted Book Balance of Cash $XX A canceled check for $147 erroneously listed on bank statement as $74.
Award: 1.86 points On August 1, 2019, the accountant for Western Imports downloaded the company's July...
Award: 1.86 points On August 1, 2019, the accountant for Western Imports downloaded the company's July 31, 2019, bank statement from the bank's website The balance shown on the bank statement was $28,760. The July 31, 2019, balance in the Cash account in the general ledger was $14,042 Jenny Irvine, the accountant for Western Imports, noted the following differences between the bank's records and the company's Cash account in the general ledger. a. An electronic funds transfer for $14,600 from...
MC Qu. 9-65 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation St...
MC Qu. 9-65 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear 25 points SXX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $xx Adjusted Book Balance of Cash $XX A service charge charged by the bank
On August 1, 2019, the accountant for Western Imports downloaded the company's July 31, 2019, bank...
On August 1, 2019, the accountant for Western Imports downloaded the company's July 31, 2019, bank statement from the bank's Website. The balance shown on the bank statement was $28,710. The July 31, 2019, balance in the Cash account in the general ledger was $14,537. Jenny Irvine, the accountant for Western Imports, noted the following differences between the bank's records and the company's Cash account in the general ledger. An electronic funds transfer for $13,900 from Foncier Ricard, a customer...
1. The following information pertains to Cullumber Company. 1. Cash balance per bank, July 31, $7,988....
1. The following information pertains to Cullumber Company. 1. Cash balance per bank, July 31, $7,988. 2. July bank service charge not recorded by the depositor $53. 3. Cash balance per books, July 31, $8,024. 4. Deposits in transit, July 31, $3,360. 5. $2,676 collected for Cullumber Company in July by the bank through electronic funds transfer. The collection has not been recorded by Cullumber Company. 6. Outstanding checks, July 31, $701. Prepare a bank reconciliation at July 31, 2022....
The following information pertains to Cullumber Company. 1. Cash balance per bank, July 31, $7,988. 2....
The following information pertains to Cullumber Company. 1. Cash balance per bank, July 31, $7,988. 2. July bank service charge not recorded by the depositor $53. 3. Cash balance per books, July 31, $8,024. 4. Deposits in transit, July 31, $3,360. 5. $2,676 collected for Cullumber Company in July by the bank through electronic funds transfer. The collection has not been recorded by Cullumber Company. 6. Outstanding checks, July 31, $701. repare a bank reconciliation at July 31, 2017. (List...
MC Qu. 9-46 A check for $2,560 to pay a vendor... A check for $2,560 to...
MC Qu. 9-46 A check for $2,560 to pay a vendor... A check for $2,560 to pay a vendor on account was recorded in the firm's records as $2,650, the canceled check was properly listed on the bank statement at $2.560. To arrive at an accurate balance on a bank reconciliation statement Multiple Choice add $90 to the book balance deducted $2.560 from the book balance deducted $90 from the bank statement balance OOO $2650 to the bank statement balance
* M Reader MC Qu. 9-50 To arrive at an accurate balance on a bank... To...
* M Reader MC Qu. 9-50 To arrive at an accurate balance on a bank... To arrive at an accurate balance on a bank reconciliation statement, an error made by the bank in which the bank deducted a check issued by another business pany's bank account should Multiple Choice Ο added to the book balance Ο added to the bank statement balance Ο deducted from the bank man b e Ο deducted from the book balance < Prey 7 0...
ity was recorded in the journal as $720. This 45. A check drawn by a company...
ity was recorded in the journal as $720. This 45. A check drawn by a company for $270 in payment of a liability was recorded item would be included on the bank reconciliation as an a. addition to the balance per the company's records b. addition to the balance per the bank statement c. deduction from the balance per the bank statement d. deduction from the balance per the company's records 46. Accompanying the bank statement was a debit memo...
On July 31, 2022, Sunland Company had a cash balance per books of $6,275.00. The statement...
On July 31, 2022, Sunland Company had a cash balance per books of $6,275.00. The statement from Dakota State Bank on that date showed a balance of $7,825.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $17.00. 2. The bank collected $1,655.00 from a customer for Sunland Company through electronic funds transfer. 3. The July 31 receipts of $1,336.30 were not included in the bank deposits...
MC Qu. 9-63 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear. $XX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $XX Adjusted Book Balance of Cash $XX A canceled check for $147 erroneously listed on bank statement as $74.
Award: 1.86 points On August 1, 2019, the accountant for Western Imports downloaded the company's July 31, 2019, bank statement from the bank's website The balance shown on the bank statement was $28,760. The July 31, 2019, balance in the Cash account in the general ledger was $14,042 Jenny Irvine, the accountant for Western Imports, noted the following differences between the bank's records and the company's Cash account in the general ledger. a. An electronic funds transfer for $14,600 from...
MC Qu. 9-65 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear 25 points SXX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $xx Adjusted Book Balance of Cash $XX A service charge charged by the bank
MC Qu. 9-46 A check for $2,560 to pay a vendor... A check for $2,560 to pay a vendor on account was recorded in the firm's records as $2,650, the canceled check was properly listed on the bank statement at $2.560. To arrive at an accurate balance on a bank reconciliation statement Multiple Choice add $90 to the book balance deducted $2.560 from the book balance deducted $90 from the bank statement balance OOO $2650 to the bank statement balance
* M Reader MC Qu. 9-50 To arrive at an accurate balance on a bank... To arrive at an accurate balance on a bank reconciliation statement, an error made by the bank in which the bank deducted a check issued by another business pany's bank account should Multiple Choice Ο added to the book balance Ο added to the bank statement balance Ο deducted from the bank man b e Ο deducted from the book balance < Prey 7 0...
ity was recorded in the journal as $720. This 45. A check drawn by a company for $270 in payment of a liability was recorded item would be included on the bank reconciliation as an a. addition to the balance per the company's records b. addition to the balance per the bank statement c. deduction from the balance per the bank statement d. deduction from the balance per the company's records 46. Accompanying the bank statement was a debit memo...
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