Denis Company's unadjusted bank balance at March 31, 2019 is $3,200. The bank reconciliation revealed outstanding...
Denis Company's unadjusted bank balance at March 31, 2019 is $3,200. The bank reconciliation revealed outstanding checks amounting to $500 and deposits in transit of $400. Based on this information, Dent's true cash balance is:
Homework Answers
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True cash balance = Unadjusted bank balance 3200 + Deposits in transit 400 - Outstanding checks 500 = 3200+400-500 = 3100 |
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Denis Company's unadjusted bank balance at March 31, 2019 is
$3,200. The bank reconciliation revealed outstanding...
Duke Company's unedusted bank balance at March 31 is $3850. The bank reconciliation revealed outstanding checks...
Duke Company's unedusted bank balance at March 31 is $3850. The bank reconciliation revealed outstanding checks amounting to $580 and deposits in transit of $460. What is the true cash balance? $3850 $3390 $3730 $4310 Abbott Company purchased $7300 of merchandise inventory on account. Abbott uses the perpetual inventory system. Which of the following entries would be required to record this transaction? 7300 Inventory Accounts Payable 7300 Accounts Payable Purchases 7300 Cost of Goods Sold Accounts Payable 7300 Accounts Payable...
6. Rainey Company's true cash balance at October 31 is 55030. The reconciliation • Outstanding check...
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13. Rielle Corp.'s unadjusted bank balance as of October 31, 2019 is $34,300. A review of...
13. Rielle Corp.'s unadjusted bank balance as of October 31, 2019 is $34,300. A review of the October bank statement and the cash account activity reveals the following Outstanding checks $3,750 Unadjusted book balance, 10/31 28,640 Bank charges, October 40 Deposits in transit 10,625 Bank collections of A/R 13,750 NSF check written by one Rielle’s customers 1,175 Based on this information, what is Rielle's true cash balance as of October 31, 2019? $44,925 $32,350 $27,425 $41,175
The following items relate to the company’s March bank reconciliation: Bank statement balance $29,600 Unadjusted cash...
The following items relate to the company’s March bank reconciliation: Bank statement balance $29,600 Unadjusted cash balance according to company records ? Deposit in transit 2,200 Outstanding checks 3,100 Bank service charges 200 Interest earned on the bank account 100 Customer's NSF check returned by the bank 300 Refer to Delco Construction. What is the company's unadjusted cash balance in its accounting records at March 31st before the reconciliation was completed? $28,700 $29,100 $28,300 $29,600
As of August 31, the bank statement shows a balance of $13,565. The August 31 unadjusted...
As of August 31, the bank statement shows a balance of $13,565. The August 31 unadjusted balance in the Cash account of Hall's Cards is $10,017. A review of the bank statement revealed the following information: 1. A deposit of $1,790 on August 31, Year 1, does not appear on the August bank statement. 2. It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $1,955 but was recorded on...
The Roscoe Company's March 31 bank statement balance was $70,500. As of March 31, outstanding checks total $22,200 and...
The Roscoe Company's March 31 bank statement balance was $70,500. As of March 31, outstanding checks total $22,200 and deposits in transit total $15,100. Assuming there are no other reconciling items, what was the March 31 cash balance on Roscoe's books? Multiple Choice O $70,500 $63,400 Oo oo $107,800. $77,600
Owen Company's unadjusted book balance at June 30 is $15,700. The company's bank statement reveals bank...
Owen Company's unadjusted book balance at June 30 is $15,700. The company's bank statement reveals bank service charges of $55. Two credit memos are included in the bank statement: one for $1,900, which represents a collection that the bank made for Owen, and one for $150, which represents the amount of interest that Owen had earned on its interest-bearing account in June. Based on this information. Deposit in transit $2,500 and Outstanding checks $767. Owen's true cash balance is: Book Reconciliation...
QUESTION 47 The Marjan Company's bank statement showed a balance of $14,087 on March 31, 2017....
QUESTION 47 The Marjan Company's bank statement showed a balance of $14,087 on March 31, 2017. In searching its records and the bank statement, Marjan found the following: $ 856 80 Outstanding checks Bank service charges Non-sufficient funds checks Deposits in transit Customer note collected by the bank 907 1,640 1,020 Based on this financial information, what should be the adjusted bank balance on the bank reconciliation? (Do Not enter dollar signs.) II
Shown below is the bank reconciliation for Marvelous Company for May 2019: Balance per bank, May...
Shown below is the bank reconciliation for Marvelous Company for May 2019: Balance per bank, May 31, 2019 P75,000 Add: Deposits in transit 12,000 Total 87,000 Less: Outstanding checks P14,000 Bank credit recorded in error 5,000 19,000 Cash balance per books, 5/31/19 P68,000 The bank statement for June 2019 contains the following data: Total deposits P55,000 Total charges, including an NSF check of P4,000 and a service charge of P200 48,000 All outstanding checks on May 31, 2019, including the...
Prepare a bank reconciliation for March 31, 2012, given the following
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Duke Company's unedusted bank balance at March 31 is $3850. The bank reconciliation revealed outstanding checks amounting to $580 and deposits in transit of $460. What is the true cash balance? $3850 $3390 $3730 $4310 Abbott Company purchased $7300 of merchandise inventory on account. Abbott uses the perpetual inventory system. Which of the following entries would be required to record this transaction? 7300 Inventory Accounts Payable 7300 Accounts Payable Purchases 7300 Cost of Goods Sold Accounts Payable 7300 Accounts Payable...
6. Rainey Company's true cash balance at October 31 is 55030. The reconciliation • Outstanding check 5780 • Deposits in transit, 5540 • Rank service charges, $105 . The hankhadootected account receivable for Rainey Copy, $1150 . The bank statement included an NSF check written by one of R y 's u s for What was the unadjusted book balance at October 31? A) S5825 B) $4780 54675 D) 55270 7. At March 31, Cummins Co. had an unadjusted balance...
As of August 31, the bank statement shows a balance of $13,565. The August 31 unadjusted balance in the Cash account of Hall's Cards is $10,017. A review of the bank statement revealed the following information: 1. A deposit of $1,790 on August 31, Year 1, does not appear on the August bank statement. 2. It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $1,955 but was recorded on...
The Roscoe Company's March 31 bank statement balance was $70,500. As of March 31, outstanding checks total $22,200 and deposits in transit total $15,100. Assuming there are no other reconciling items, what was the March 31 cash balance on Roscoe's books? Multiple Choice O $70,500 $63,400 Oo oo $107,800. $77,600
QUESTION 47 The Marjan Company's bank statement showed a balance of $14,087 on March 31, 2017. In searching its records and the bank statement, Marjan found the following: $ 856 80 Outstanding checks Bank service charges Non-sufficient funds checks Deposits in transit Customer note collected by the bank 907 1,640 1,020 Based on this financial information, what should be the adjusted bank balance on the bank reconciliation? (Do Not enter dollar signs.) II
Shown below is the bank reconciliation for Marvelous Company for May 2019: Balance per bank, May 31, 2019 P75,000 Add: Deposits in transit 12,000 Total 87,000 Less: Outstanding checks P14,000 Bank credit recorded in error 5,000 19,000 Cash balance per books, 5/31/19 P68,000 The bank statement for June 2019 contains the following data: Total deposits P55,000 Total charges, including an NSF check of P4,000 and a service charge of P200 48,000 All outstanding checks on May 31, 2019, including the...
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