SOLUTION
Correct option is Option C i.e. $15,095
Bank reconciliation-
Particulars | Amount ($) | Particulars | Amount ($) |
Balance as per bank | 16,750 | Balance per company records | 16,125 |
Add: Deposits in transit | 2,195 | Less: Bank service charges | (80) |
Less: Outstanding checks | (3,850) | Less: NSF checks | (950) |
Adjusted balance as per bank | 15,095 | Adjusted balance as per book | 15,095 |
The following data were gathered to use in reconciling the bank account of Savannah Company: $16,750 16,125 80 Bala...
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
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.
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...
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.
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...
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 the Reddan Company: Balance per the Bank Statement $18,250 Balance per Company Acctg Records $12,045 Bank Service Charge $ 30 Deposits in Transit $ 3,500 Note Collected by Bank with $160 in Interest $ 4,160 Outstanding Checks $ 5,575 a) What is the adjusted balance per the Bank _______________ b) What is the adjusted balance per the Acctg Records
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...
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, $22,350. Cash balance according to the bank statement at August 31, $23,570. Checks outstanding, $4,540. Deposit in transit, not recorded by bank, $3,640. A check for $590 in payment of an account was erroneously recorded in the check register as $950. Bank debit memo for service charges, $40. a. Prepare a...