Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $ 17,150 Balance per company records 9,420 Bank service charges 40 Deposit in transit 3,900 Note collected by bank with $130 interest 5,250 Outstanding checks 6,420 a. What is the adjusted balance on the bank reconciliation? $ b. Journalize any necessary entries for Dotson Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.
a | ||
Balance per bank | 17150 | |
Add: Deposit in transit | 3900 | |
Less: Outstanding checks | -6420 | |
Adjusted balance | 14630 | |
b | ||
Miscellaneous expense | 40 | |
Cash | 40 | |
Cash | 5250 | |
Notes Receivable | 5120 | |
Interest Revenue | 130 |
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $ 14,970 Balance per company records Bank service charges 12,480 70 Deposit in transit NSF check Outstanding checks 2,200 810 5,570 a. What is the adjusted balance on the bank reconciliation? $ 11,600 b. Journalize any necessary entries for Dotson Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Bradford Company: Balance per bank $ 18,050 Balance per company records 9,230 Bank service charges 20 Deposit in transit 2,900 Note collected by bank with $150 interest 4,500 Outstanding checks 7,240 a. What is the adjusted balance on the bank reconciliation? u b. Journalize any necessary entries for Bradford Company based on the bank reconciliation. If an amount box does not require an entry, leave...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 25,670 Balance per company records 21,410 Bank service charges 120 Deposit in transit 3,780 NSF check 1,390 Outstanding checks 9,550 a. What is the adjusted balance on the bank reconciliation? $ b. Journalize any necessary entries for Lays Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it...
The following data were gathered to use in reconciling the bank account of Bradford Company: Balance per bank $ 33,400 Balance per company records 27,855 Bank service charges 155 Deposit in transit 4,920 NSF check 1,810 Outstanding checks 12,430 a. What is the adjusted balance on the bank reconciliation? $ b. Journalize any necessary entries for Bradford Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank.
Answer both questions The following data were gathered to use in reconciling the bank account of Reddan Company: $25,750 19,140 Balance per bank Balance per company records Bank service charges Deposit in transit Note collected by bank with $200 interest Outstanding checks 2,300 5,200 3,755 Instructions 1. What is the adjusted balance on the bank reconciliation? 2. Journalize any necessary entries for Reddan Company based on the bank reconciliation.
The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $17,800 Balance per company records 9,075 Bank service charges 25 Deposit in transit 2,900 Note collected by bank with $200 interest 4,900 Outstanding checks 6,750 Instructions a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Reddan Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles.
The following data were gathered to use in reconciling the bank account of Savannah Company: Balance per bank Balance per company records Bank service charges Deposit in transit NSF check Outstanding checks $16,750 16,125 80 2,195 950 3,850 What is the adjusted balance on the bank reconciliation? O $14,470 $10,705 $15,095 O $15,720
The following data were gathered to use in reconciling the bank account of Savannah Company: $16,750 16,125 80 Balance per bank Balance per company records Bank service charges Deposit in transit NSF check Outstanding checks 2,195 950 3,850 What is the adjusted balance on the bank reconciliation? $14,470 $10,705 $15,095 $15,720
Entries for Bank Reconciliation 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, $42,920. Cash balance according to the bank statement at August 31, $56,300. Checks outstanding, $25,390. Deposit in transit not recorded by bank, $13,325. A check for $150 in payment of an account was erroneously recorded in the check register as $1,500. Bank debit memo for service charges,...
Entries for 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, $13,325. 5. A check for $150 in payment of an account was erroneously recorded in the check register as $1,500. 6....