Question

From the below information, calculate the final balance to be carried forward in your check stubs...

From the below information, calculate the final balance to be carried forward in your check stubs as of the end of October.

Oct. 1 - Beginning balance $1,200.50

Oct. 8 - Deposit $300.00

Oct. 12 - Checks written to Bloom Company $382.65

Oct. 16 - Deposit $400.00

Oct. 28 - Check written to Flex Company $185.99

Oct. 31 - Check written to Ryan Company $88.92

Show all working.

0 0
Add a comment Improve this question Transcribed image text
Answer #1
Oct. 1 Beginning balance 1,200.50 Oct. 12 Check written - Bloom company 382.65
Oct. 8 Deposit 300 Oct. 28 Check written - Flex company 185.99
Oct. 16 Deposit 400 Oct. 31 Check written - Ryan company 88.92
Ending balance 1,242.94
1,900.50 1,900.50

The final balance = $1,242.94

kindly give a positive rating if you are satisfied with the solution. do comment if you have any query, Thanks.

Add a comment
Know the answer?
Add Answer to:
From the below information, calculate the final balance to be carried forward in your check stubs...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Exercise 4-44 (Algorithmic) Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of...

    Exercise 4-44 (Algorithmic) Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of $21,676, whereas Johnson's cash account shows a balance of $21,220 on October 31. The following additional information is available: A $755 deposit made on October 31 was not recorded by the bank until November. At the end of October, outstanding checks total $1,222. The bank statement shows bank service charges of $125 not yet recorded by the company. The company erroneously recorded as $973...

  • 23. When performing the bank reconciliation, how should the company treat check 11542 A. add $800...

    23. When performing the bank reconciliation, how should the company treat check 11542 A. add $800 to the company cash account B. subtract $800 from company cash account C. add $800 to bank statement balance D. subtract $800 from bank statement balance 24. $ _The total amount needed to reconcile the company cash account was: 25. $ Chapter 4 What is the company's cash balance after the reconciliation? Page 4-3 The Company's cash ledger reports the following for the month...

  • Required information The following information applies to the questions displayed below.) On October 31, 2021, the...

    Required information The following information applies to the questions displayed below.) On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12.985, while the company's records show a balance of $12,366. Information that might be useful in preparing a bank reconciliation is as follows a. Outstanding checks are $1.265 b. The October 31 cash receipts of $820 are not deposited in the bank until November 2 c. One check written in payment...

  • Exercise 4-44 Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of $22,381,...

    Exercise 4-44 Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of $22,381, whereas Johnson's cash account shows a balance of $22,025 on October 31. The following additional information is available: a. A $855 deposit made on October 31 was not recorded by the bank until November b. At the end of October, outstanding checks total $1,222. C. The bank statement shows bank service charges of $125 not yet recorded by the company. d. The company erroneously...

  • Required information [The following information applies to the questions displayed below.) On October 31, 2021, the...

    Required information [The following information applies to the questions displayed below.) On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12,864, while the company's records show a balance of $12,346. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1,245. b. The October 31 cash receipts of $800 are not deposited in the bank until November 2. c. One check written in payment...

  • TJ Company's cash ledger reports the following for the month ending October 31, 20XE. Deposits Date...

    TJ Company's cash ledger reports the following for the month ending October 31, 20XE. Deposits Date 3-Oct 10-Oct 17-Oct 24-Oct Cash receipts 10/26-10/27 No. 1151 1152 Amount $20,000 25,000 26,000 24,000 12,000 $107,000 1153 Checks Date Amount 4-Oct $15,000 6-Oct 8,000 15-Oct 24,000 16-Oct 1,200 20-Oct 3,000 22-Oct 25,000 29-Oct 8,000 $84,200 1154 1155 1156 1157 Balance on October 1 $20,000 Receipts Disbursements Balance on October 31 107,000 84,200 $42,800 Information from October's bank statement and company records reveals the...

  • Required information The following Information applies to the questions displayed below.] On October 31, 2021, the bank...

    Required information The following Information applies to the questions displayed below.] On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12,742, while the company's records show a balance of $12,336. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1,235. b. The October 31 cash receipts of $790 are not deposited in the bank until November 2. C. One check written in payment...

  • TJ Company's cash ledger reports the following for the month ending October 31, 20XE. Deposits Date...

    TJ Company's cash ledger reports the following for the month ending October 31, 20XE. Deposits Date 3-Oct 10-Oct 17-Oct 24-Oct Cash receipts 10/26 - 10/27 Amount $30,000 47,500 44,000 39,500 8,000 $169,000 No. 1151 1152 1153 1154 1155 Checks Date Amount 4-Oct $20,000 6-Oct 18,000 15-Oct 42,000 16-Oct 10,000 20-Oct 2,500 22-Oct 1,700 29-Oct 32,000 $126,200 1156 1157 Balance on October 1 Receipts Disbursements Balance on October 31 $32,000 169,000 126,200 $74,800 Information from October's bank statement and company records...

  • Use the following to answer questions 21 - 25 TJ Company's cash ledger reports the following...

    Use the following to answer questions 21 - 25 TJ Company's cash ledger reports the following for the month ending October 31, 20XE. Deposits Checks Date Date Amount No Amount 115 3-Oct $30,000 4-Oct $20,000 115 10-Oct 47,500 6-Oct 18,000 115 17-Oct 44,000 3 15-Oct 42,000 115 24-Oct 39,500 16-Oct 10,000 115 Cash receipts 10/26-10/27 8.000 20-Oct 2,500 $169.00 115 1,700 115 22-Oct 29-Oct 7 32,000 $126,200 Balance on October 1 Receipts Disbursements Balance on October 31 $32,000 169,000 126,200...

  • Required information [The following information applies to the questions displayed below.) On October 31, 2021, the...

    Required information [The following information applies to the questions displayed below.) On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12,856, while the company's records show a balance of $12,301. Information that might be useful in preparing a bank reconciliation is as follows: 2 a. Outstanding checks are $1,200. b. The October 31 cash receipts of $755 are not deposited in the bank until November 2. c. One check written in...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT