Homework Answers
| Balance per Bank statement | 16731 |
| Less: Cheques outstanding | -6062 |
| Add: Deposits in transit | 2611 |
| Balance in Pardy's Cash account | 13280 |
| Option A $13280 is correct |
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The December 31, 20x3 bank statement for Pardy Inc. showed a balance of $16731. The accountant for the company gath...
The accounting records of an entity showed an unadjusted cash balance of $14606 at December 31, 20x3. In January 20...
The accounting records of an entity showed an unadjusted cash balance of $14606 at December 31, 20x3. In January 20x4, the bank statement was received and included the following: Bank service charges 234 Interest on bank loan 1862 In addition the entity determined that $2354 of outstanding cheques had not yet cleared the bank. What is the correct cash balance at December 31, 20x3? Select one: a. $14606 b. $12252 c. $10156 d. $12510 Check
The statement from Jackson County Bank on December 31 showed a balance of $ 26,651
The statement from Jackson County Bank on December 31 showed a balance of $ 26,651. A comparison of the bank statement with the Cash account revealed the following facts.1. The bank collected a note receivable of $ 2,300 for Windsor, Inc. on December 15 through electronic funds transfer.2. The December 31 receipts were deposited in a night deposit vault on December 31 . These deposits were recorded by the bank in January.3. Checks outstanding on December 31 totaled $ 1,100.4....
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31,...
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2021, balance of $15,033.12. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks were $1,360.85. b. The December 31, 2021, cash receipts of $595 were not deposited in the bank until January 2, 2022. c. One check written in payment of rent for $250 was correctly recorded by the bank but was recorded by MSI as a...
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31,...
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2021, balance of $15,333.87. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks were $1,391.30. b. The December 31, 2021, cash receipts of $610 were not deposited in the bank until January 2, 2022 c. One check written in payment of rent for $253 was correctly recorded by the bank but was recorded by MSI as a $267 disbursement d. In...
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31,...
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2021, balance of $15,333.87. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks were $1,391.30. b. The December 31, 2021, cash receipts of $610 were not deposited in the bank until January 2, 2022 c. One check written in payment of rent for $253 was correctly recorded by the bank but was recorded by MSI as a...
The accounting records of an entity showed an unadjusted cash balance of $12552 at December 31,...
The accounting records of an entity showed an unadjusted cash balance of $12552 at December 31, 20x3. In January 20x4, the bank statement was received and included the following: Bank service charges Interest on bank loan 288 1829 In addition, the entity determined that $2345 of outstanding cheques had not yet cleared the bank. What is the correct cash balance at December 31, 20x3? Select one: o a. $10207 b. $8090 c. $12552 d. $10435 O
Hi, Can you help me doing the bank reconciliation from bank balance statement and book balance statement? Please explai...
Hi,
Can you help me doing the bank reconciliation from bank
balance statement and book balance statement?
Please explain why 11,352 is not included in the bank
reconciliation? I checked the answer key but they didn't include
that number.
Thanks
AP6-2 (Preparation of bank reconciliation) Infinity Emporium Company received the monthly statement for its bank account, showing a balance of $66,744 on August 31. The balance in the Cash account in the company's accounting system at that date was $71,952....
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31,...
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2021, balance of $15.734.87 Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks were $1,431.90 b. The December 31, 2021, cash receipts of $630 were not deposited in the bank until January 2, 2022 One check written in payment of rent for $257 was correctly recorded by the bank but was recorded by MSI as a $275...
Financial Accounting questions multiple choice about the chapter ( Cash & Investments ) 1) On September...
Financial Accounting questions multiple choice about the chapter ( Cash & Investments ) 1) On September 30, 20x6, Riches Inc. made three investments: 1221 shares of Wendle Inc., 4175 shares of Sam International, and 823 shares of Hinter Inc. The shares of Wendle Inc. and Hinter Inc. are classified as FVTPL and the shares of Sam International are classified as FVTOCI. The market price per share is as follows: Wendle Inc. Sam International Hinter Inc. Sept. 30, x6 $12.85 $5.73...
PLEASE HELP WITH ACCTG HW The bank statement for the checking account of Management Systems Inc. (MSI) showed a December...
PLEASE HELP WITH ACCTG HW
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2021, balance of $15,333.87. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks were $1,391.30. b. The December 31, 2021, cash receipts of $610 were not deposited in the bank until January 2, 2022. c. One check written in payment of rent for $253 was correctly recorded by the bank but was...
The accounting records of an entity showed an unadjusted cash balance of $14606 at December 31, 20x3. In January 20x4, the bank statement was received and included the following: Bank service charges 234 Interest on bank loan 1862 In addition the entity determined that $2354 of outstanding cheques had not yet cleared the bank. What is the correct cash balance at December 31, 20x3? Select one: a. $14606 b. $12252 c. $10156 d. $12510 Check
The statement from Jackson County Bank on December 31 showed a balance of $ 26,651. A comparison of the bank statement with the Cash account revealed the following facts.1. The bank collected a note receivable of $ 2,300 for Windsor, Inc. on December 15 through electronic funds transfer.2. The December 31 receipts were deposited in a night deposit vault on December 31 . These deposits were recorded by the bank in January.3. Checks outstanding on December 31 totaled $ 1,100.4....
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2021, balance of $15,033.12. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks were $1,360.85. b. The December 31, 2021, cash receipts of $595 were not deposited in the bank until January 2, 2022. c. One check written in payment of rent for $250 was correctly recorded by the bank but was recorded by MSI as a...
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2021, balance of $15,333.87. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks were $1,391.30. b. The December 31, 2021, cash receipts of $610 were not deposited in the bank until January 2, 2022 c. One check written in payment of rent for $253 was correctly recorded by the bank but was recorded by MSI as a...
The accounting records of an entity showed an unadjusted cash balance of $12552 at December 31, 20x3. In January 20x4, the bank statement was received and included the following: Bank service charges Interest on bank loan 288 1829 In addition, the entity determined that $2345 of outstanding cheques had not yet cleared the bank. What is the correct cash balance at December 31, 20x3? Select one: o a. $10207 b. $8090 c. $12552 d. $10435 O
Hi,
Can you help me doing the bank reconciliation from bank
balance statement and book balance statement?
Please explain why 11,352 is not included in the bank
reconciliation? I checked the answer key but they didn't include
that number.
Thanks
AP6-2 (Preparation of bank reconciliation) Infinity Emporium Company received the monthly statement for its bank account, showing a balance of $66,744 on August 31. The balance in the Cash account in the company's accounting system at that date was $71,952....
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2021, balance of $15.734.87 Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks were $1,431.90 b. The December 31, 2021, cash receipts of $630 were not deposited in the bank until January 2, 2022 One check written in payment of rent for $257 was correctly recorded by the bank but was recorded by MSI as a $275...
PLEASE HELP WITH ACCTG HW
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2021, balance of $15,333.87. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks were $1,391.30. b. The December 31, 2021, cash receipts of $610 were not deposited in the bank until January 2, 2022. c. One check written in payment of rent for $253 was correctly recorded by the bank but was...
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