Bank reconciliation
Prepare the bank account in the General Ledger as at 31 January 2020 Prepare the Bank Reconciliation Statement as at 31 January 2020
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prepare a bank reconciliation as of October 31 from the above information Refer to the information...
prepare a bank reconciliation as of October 31 from the above
information
Refer to the information given below a. The October 31 cash balance in the general ledger is $836. b. The October 31 balance shown on the bank statement is $335 c. Checks issued but not returned with the bank statement were No. 462 for $14 and No. 483 for $43 d. A deposit made late on October 31 for $472 is included in the general ledger balance but...
Requirements: 1. Prepare the bank reconciliation statements 2. Adjusting entries C. COMMERCE DANK In the course...
Requirements:
1. Prepare the bank reconciliation statements
2. Adjusting entries
C. COMMERCE DANK In the course of your audit of Jetro Corp. for the year ened December 31, 2019, you found out that Ms. Ethel Booba, the bookkeeper, also handles cash receipts, maintains accounting records, and prepares the monthly bank reconciliation of Jetro's bank account with Commerce Bank. The bookkeeper prepared the following reconciliation at the end of the year, P 350,000 P 175,000 15,000 Balance per bank statement Add:...
prepare a bank reconciliation for Gloss Corporation at July 31, 2015
Using the following information, prepare a bank reconciliation for Gloss Corporation at July 31, 2015:The unadjusted bank statement balance is $6,612.The unadjusted cash account balance in the general ledger is $9,869Outstanding cheques totalled $1,170.Deposits in transit are $4,350.The bank service charge is $50.A cheque for $196 for supplies was posted as $169 in the company's general ledger.
Exercise 4-9A Calculate the balance of cash using a bank reconciliation (LO4-5) Spielberg Company's general ledger...
Exercise 4-9A Calculate the balance of cash using a bank reconciliation (LO4-5) Spielberg Company's general ledger shows a checking account balance of $22,950 on July 31, 2021. The July cash receipts of $1,865, included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $53. The bank processes all checks written by the company...
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...
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at june...
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...
Part 1 As the controller of Lynbrook, Inc. you are responsible for preparing the monthly bank...
Part 1 As the controller of Lynbrook, Inc. you are responsible for preparing the monthly bank reconciliation. Using the information below, prepare the bank reconciliation for January 31, 2020. 1. The ledger account for Cash showed a balance at January 31 of $127,500. 2. The January bank statement showed a closing balance of $108.750. 3. The cash received on January 31 amounted to $28,000. It was left at the bank in the night depository chute after banking hours on January...
what is part c? (not 5700) Bank Reconciliation Components Identify the requested amount in each of...
what is part c? (not 5700)
Bank Reconciliation Components Identify the requested amount in each of the following situations: a. Munster Company's May 31 bank reconciliation shows deposits in transit of $1,400. The general ledger Cash in Bank account shows total cash receipts during June of $55,600. The June bank statement shows total cash deposits of $54,300 (and no credit memos). What amount of deposits in transit should appear in the June 30 bank reconciliation? b. Sanders Company's August 31...
what is part c? Bank Reconciliation Components Identify the requested amount in each of the following...
what is part c?
Bank Reconciliation Components Identify the requested amount in each of the following situations: a. Munster Company's May 31 bank reconciliation shows deposits in transit of $1,400. The general ledger Cash in Bank account shows total cash receipts during June of $55,600. The June bank statement shows total cash deposits of $54,300 (and no credit memos). What amount of deposits in transit should appear in the June 30 bank reconciliation? b. Sanders Company's August 31 bank reconciliation...
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...
prepare a bank reconciliation as of October 31 from the above
information
Refer to the information given below a. The October 31 cash balance in the general ledger is $836. b. The October 31 balance shown on the bank statement is $335 c. Checks issued but not returned with the bank statement were No. 462 for $14 and No. 483 for $43 d. A deposit made late on October 31 for $472 is included in the general ledger balance but...
Requirements:
1. Prepare the bank reconciliation statements
2. Adjusting entries
C. COMMERCE DANK In the course of your audit of Jetro Corp. for the year ened December 31, 2019, you found out that Ms. Ethel Booba, the bookkeeper, also handles cash receipts, maintains accounting records, and prepares the monthly bank reconciliation of Jetro's bank account with Commerce Bank. The bookkeeper prepared the following reconciliation at the end of the year, P 350,000 P 175,000 15,000 Balance per bank statement Add:...
Exercise 4-9A Calculate the balance of cash using a bank reconciliation (LO4-5) Spielberg Company's general ledger shows a checking account balance of $22,950 on July 31, 2021. The July cash receipts of $1,865, included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $53. The bank processes all checks written by the company...
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...
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...
Part 1 As the controller of Lynbrook, Inc. you are responsible for preparing the monthly bank reconciliation. Using the information below, prepare the bank reconciliation for January 31, 2020. 1. The ledger account for Cash showed a balance at January 31 of $127,500. 2. The January bank statement showed a closing balance of $108.750. 3. The cash received on January 31 amounted to $28,000. It was left at the bank in the night depository chute after banking hours on January...
what is part c? (not 5700)
Bank Reconciliation Components Identify the requested amount in each of the following situations: a. Munster Company's May 31 bank reconciliation shows deposits in transit of $1,400. The general ledger Cash in Bank account shows total cash receipts during June of $55,600. The June bank statement shows total cash deposits of $54,300 (and no credit memos). What amount of deposits in transit should appear in the June 30 bank reconciliation? b. Sanders Company's August 31...
what is part c?
Bank Reconciliation Components Identify the requested amount in each of the following situations: a. Munster Company's May 31 bank reconciliation shows deposits in transit of $1,400. The general ledger Cash in Bank account shows total cash receipts during June of $55,600. The June bank statement shows total cash deposits of $54,300 (and no credit memos). What amount of deposits in transit should appear in the June 30 bank reconciliation? b. Sanders Company's August 31 bank reconciliation...
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...
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