Homework Answers
| Bank Reconciliation Statement | |
| Detail | Amount |
| Unadjusted Bank Balance | $7,851 |
| Add: Deposit In Transit | $6,200 |
| Less: Outstanding Checks | ($1,420) |
| Adjusted Bank Balance | $12,631 |
| Unadjusted Book Balance, | $10,334 |
| Add: EFT from Customer | $2,320 |
| Less: Debit Memo | ($23) |
| Adjusted Cash Balance | $12,631 |
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Current Attempt in Progress Jayden Wildhorse owns Wildhorse Electric and indicates on December 31 the unadjusted...
O 04:37:28 Hide Timer Jayden Sheridan owns Sheridan Electric and indicates on December 31 the unadjusted...
O 04:37:28 Hide Timer Jayden Sheridan owns Sheridan Electric and indicates on December 31 the unadjusted balance per his books is $9.634 and the unadjusted balance on his bank statement is $7.318. Prepare a bank reconciliation given the following: (a) Outstanding cheques of $1,320 (b) Deposits in transit of $5,780 (c) Debit memorandum for bank service charge of $26 (d) EFT of $2,170 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 1 View Policies Current Attempt in Progress The following reconciling items are applicable to the...
Question 1 View Policies Current Attempt in Progress The following reconciling items are applicable to the bank reconciliation for Forde Co. Indicate how each item should be shown on a bank reconciliation. (a) Outstanding checks. (b) Bank debit memorandum for service charge. Deducted from cash balance per bank Deducted from cash balance per books Added to cash balance per books Added to cash balance per bank (c) Bank credit memorandum for collecting from customer an electronic funds transfer. (d) Deposit...
Question 1 --/10 View Policies Current Attempt in Progress The following information is for Carla Vista...
Question 1 --/10 View Policies Current Attempt in Progress The following information is for Carla Vista Ltd. in July: 1. Cash balance per bank, July 31, $10,730 2. Cash balance per books, July 31, $9,111 3. Bank service charge, $30 4. Deposits in transit, $2,017 5. Electronic receipts from customers in payment of their accounts, $1,069, not previously recorded by the company 6. Outstanding cheques, $2,417 7. Cheque #373 was correctly written in the amount of $790 but was incorrectly...
Question 2 4/8 View Policies Show Attempt History Current Attempt in Progress On July 31, Oriole...
Question 2 4/8 View Policies Show Attempt History Current Attempt in Progress On July 31, Oriole Ltd. had a cash balance of $12,690 in its general ledger. The bank statement from the Caisse Populaire on that date showed a balance of $21,513. A comparison of the bank statement with the Cash account revealed the following: 1. The bank statement included service charges and credit card fees of $116. 2. The bank statement included electronic collections from customers on account totalling...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $36734 Balance per bank statement,...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $36734 Balance per bank statement, July 31, 20x6 Add: Deposit in Transit Less: Outstanding cheques Balance per books, July 31, 20x6 10675 12519 $34890 Data per bank for the month of August 20x6 was as follows: Deposits $.48399 Disbursements 51234 The deposits and disbursements for August include the items per the July bank reconciliation. All reconciling items at July 31, 20x6 cleared the bank in August. Outstanding cheques at...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $37474 Balance per bank statement,...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $37474 Balance per bank statement, July 31, 20x6 Add: Deposit in Transit Less: Outstanding cheques Balance per books, July 31, 20x6 10067 11255 $36286 Data per bank or the month of August 20x6 was as follows: Deposits $ 45270 Disbursements 49377 The deposits and disbursements for August include the items per the July bank reconciliation. All reconciling items at July 31, 20x6 cleared the bank in August. Outstanding cheques...
View Policies Current Attempt in Progress The following information pertains to Sandhill Company Support 1. Cash...
View Policies Current Attempt in Progress The following information pertains to Sandhill Company Support 1. Cash balance per books, August 31. 57424 2 Cash balance per bank, August 31. 57,388 2. Outstanding checks, August 31,5697. Augustbark service charge not recorded by the depositor $49. 5. Deposits in transit, August 31.93.160. In addition, 52.476 collected for Sandhill Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sandhill Comp Prepare a bank reconciliation...
Ayayai Corp. deposits all receipts intact and makes all payments by cheque. The following information is...
Ayayai Corp. deposits all receipts intact and makes all payments by cheque. The following information is available from the cash records: Balance per bank Add: Deposits in transit Deduct: Outstanding cheques Balance per books April 30 Bank Reconciliation $7,100 1,500 (2,000) $6,600 Month of May Results Balance on May 31 May deposits May cheques May note collected (not included in May deposits) May bank service charge May NSF cheque from a customer, returned by the bank (recorded by the bank...
Question 2 --/1 View Policies Current Attempt in Progress The following information pertains to Sheridan Company....
Question 2 --/1 View Policies Current Attempt in Progress The following information pertains to Sheridan Company. 1. Cash balance per bank, July 31, $8,004. 2. July bank service charge not recorded by the depositor $46. 3. Cash balance per books, July 31, $8,096. 4. Deposits in transit, July 31, $3,266. 5. $1,840 collected for Sheridan Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Sheridan Company. 6. Outstanding checks, July...
O 04:37:28 Hide Timer Jayden Sheridan owns Sheridan Electric and indicates on December 31 the unadjusted balance per his books is $9.634 and the unadjusted balance on his bank statement is $7.318. Prepare a bank reconciliation given the following: (a) Outstanding cheques of $1,320 (b) Deposits in transit of $5,780 (c) Debit memorandum for bank service charge of $26 (d) EFT of $2,170 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
Question 1 View Policies Current Attempt in Progress The following reconciling items are applicable to the bank reconciliation for Forde Co. Indicate how each item should be shown on a bank reconciliation. (a) Outstanding checks. (b) Bank debit memorandum for service charge. Deducted from cash balance per bank Deducted from cash balance per books Added to cash balance per books Added to cash balance per bank (c) Bank credit memorandum for collecting from customer an electronic funds transfer. (d) Deposit...
Question 1 --/10 View Policies Current Attempt in Progress The following information is for Carla Vista Ltd. in July: 1. Cash balance per bank, July 31, $10,730 2. Cash balance per books, July 31, $9,111 3. Bank service charge, $30 4. Deposits in transit, $2,017 5. Electronic receipts from customers in payment of their accounts, $1,069, not previously recorded by the company 6. Outstanding cheques, $2,417 7. Cheque #373 was correctly written in the amount of $790 but was incorrectly...
Question 2 4/8 View Policies Show Attempt History Current Attempt in Progress On July 31, Oriole Ltd. had a cash balance of $12,690 in its general ledger. The bank statement from the Caisse Populaire on that date showed a balance of $21,513. A comparison of the bank statement with the Cash account revealed the following: 1. The bank statement included service charges and credit card fees of $116. 2. The bank statement included electronic collections from customers on account totalling...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $36734 Balance per bank statement, July 31, 20x6 Add: Deposit in Transit Less: Outstanding cheques Balance per books, July 31, 20x6 10675 12519 $34890 Data per bank for the month of August 20x6 was as follows: Deposits $.48399 Disbursements 51234 The deposits and disbursements for August include the items per the July bank reconciliation. All reconciling items at July 31, 20x6 cleared the bank in August. Outstanding cheques at...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $37474 Balance per bank statement, July 31, 20x6 Add: Deposit in Transit Less: Outstanding cheques Balance per books, July 31, 20x6 10067 11255 $36286 Data per bank or the month of August 20x6 was as follows: Deposits $ 45270 Disbursements 49377 The deposits and disbursements for August include the items per the July bank reconciliation. All reconciling items at July 31, 20x6 cleared the bank in August. Outstanding cheques...
View Policies Current Attempt in Progress The following information pertains to Sandhill Company Support 1. Cash balance per books, August 31. 57424 2 Cash balance per bank, August 31. 57,388 2. Outstanding checks, August 31,5697. Augustbark service charge not recorded by the depositor $49. 5. Deposits in transit, August 31.93.160. In addition, 52.476 collected for Sandhill Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sandhill Comp Prepare a bank reconciliation...
Ayayai Corp. deposits all receipts intact and makes all payments by cheque. The following information is available from the cash records: Balance per bank Add: Deposits in transit Deduct: Outstanding cheques Balance per books April 30 Bank Reconciliation $7,100 1,500 (2,000) $6,600 Month of May Results Balance on May 31 May deposits May cheques May note collected (not included in May deposits) May bank service charge May NSF cheque from a customer, returned by the bank (recorded by the bank...
Question 2 --/1 View Policies Current Attempt in Progress The following information pertains to Sheridan Company. 1. Cash balance per bank, July 31, $8,004. 2. July bank service charge not recorded by the depositor $46. 3. Cash balance per books, July 31, $8,096. 4. Deposits in transit, July 31, $3,266. 5. $1,840 collected for Sheridan Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Sheridan Company. 6. Outstanding checks, July...
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