Homework Answers
Solution:
Adjusted check book balance = Unadjusted checkbook balance + Interest earned - ATM Fees
= $480 + $10 - $50 = $440
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U All of these are correct. Question 64 (1 point) Given the information here, what should Jason's adjusted che...
Given the information below, show that the adjusted bank balance is equal to the adjusted checkbook...
Given the information below, show that the adjusted bank balance is equal to the adjusted checkbook balance: Balance from bank statement $5,835.35 Checks Outstanding $152.75 $88.18 $114.03 $41.10 Deposits not yet recorded $1,052.05 $82.81 $892.29 Bank charge $8.50 Interest credit $10.18 Checkbook balance $7,464.76 (1)Enter new balance from bank statement: (2)List any deposits made by you and not yet recorded by the bank: (3)Add all numbers from lines above. Total: (4)Write total of checks outstanding: (5) Subtract (4) from (3)....
Calculate the adjusted bank balance and book balance for a company given the following information: Bank Balance De...
Calculate the adjusted bank balance and book balance for a company given the following information: Bank Balance December 31, 2018: $15,000 Book Balance December 31, 2018: $9,000 Outstanding checks: $12,000 Deposits in transit: $500 Interest paid on balance $200 Bank Fees $75 NSF Check $525 Bank EFT Payments: $5,100
Calculate the adjusted bank balance and book balance for a company given the following information: Bank...
Calculate the adjusted bank balance and book balance for a company given the following information: Bank Balance December 31, 2018: $15,000 Book Balance December 31, 2018: $9,000 Outstanding checks: $12,000 Deposits in transit: $500 12 Interest paid on balance $200 $75 Bank Fees $525 NSF Check $5.100 9:50 AM Bank EFT Payments: O a e to search
Brief Exercise 195 Given the following information, determine the adjusted cash balance per books; Balance per...
Brief Exercise 195 Given the following information, determine the adjusted cash balance per books; Balance per books as of June 30 Outstanding checks NSF check returned with bank statement Deposit mailed the afternoon of June 30 Check printing charges Interest earned on checking account $8,800 $600 $130 $300 $30 $40 Adjusted cash balance per books Question Attempts: 0 of 1 used
Assume that the following information relates to your most recent bank statement dated September 30: ...
Assume that the following information relates to your most recent bank statement dated September 30: Balance per bank statement at September 30 $ 3,800 Checks written that had not cleared the bank as of September 30: #203 University tuition $ 2,400 #205 University bookstore 350 #208 Rocco's pizza 25 #210 Stereo purchase 600 #211 October apartment rent 700 Interest amounting to $4 was credited to your account by the bank in September. The bank's service charge for the...
Assume that the following information relates to your most recent bank statement dated September 30: ...
Assume that the following information relates to your most recent bank statement dated September 30: Balance per bank statement at September 30 $ 3,800 Checks written that had not cleared the bank as of September 30: #203 University tuition $ 2,400 #205 University bookstore 350 #208 Rocco's pizza 25 #210 Stereo purchase 600 #211 October apartment rent 700 Interest amounting to $4 was credited to your account by the bank in September. The bank's service charge for the...
Match the term and the definition. 1. Step 1 х 2 3 х Answer is complete...
Match the term and the definition. 1. Step 1 х 2 3 х Answer is complete but not entirely correct. DEFINITION TERM Subtract outstanding checks from the bank balance. Compute the adjusted bank balance. Step 3 Enter the bank statement balance from the bank statement Step 2 Add any unrecorded deposits to the bank balance. Step 5 Compute the adjusted book balance Step 7 Add any unrecorded interest earned to the book balance Step 4 Enter the company's book balance...
PlEASE FILL OUT WHAT WAS GIVEN The cash account for Coastal Bike Co. at October 1,...
PlEASE FILL OUT WHAT WAS GIVEN The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $32,527. During October, the total cash deposited was $139,121, and checks written totaled $135,890. The bank statement indicated a balance of $43,660 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $6,625. b. A deposit of $1,888 representing receipts of October...
Question 1 (30 minutes, 25 marks) You are given the following information for River Adventures Company...
Question 1 (30 minutes, 25 marks) You are given the following information for River Adventures Company River Adventures Company Bank Reconciliation April 30, 2019 9.009 546 9,855 Cash balance per bank Add: Deposit in transit Less: Outstanding cheques: 3526 8533 1541 8555 Adjusted cash balance, bank 363 79 2.079 7,776 The adjusted cash balance per bank agreed with the cash balance per books at April 30, 2017. The May bank statement showed the following: Bank Statement Cheques / Charges Deposit...
Help The following information is available for Trinkle Company for the month of June: 1. The...
Help The following information is available for Trinkle Company for the month of June: 1. The unadjusted balance per the bank statement on June 30 was $57,972. 2. Deposits in transit on June 30 were $2,005. 3. A debit memo was included with the bank statement for a service charge of $7. 4. A $4,240 check written in June had not been paid by the bank. 5. The bank statement included a $1100 credit memo for the collection of a...
Calculate the adjusted bank balance and book balance for a company given the following information: Bank Balance December 31, 2018: $15,000 Book Balance December 31, 2018: $9,000 Outstanding checks: $12,000 Deposits in transit: $500 Interest paid on balance $200 Bank Fees $75 NSF Check $525 Bank EFT Payments: $5,100
Calculate the adjusted bank balance and book balance for a company given the following information: Bank Balance December 31, 2018: $15,000 Book Balance December 31, 2018: $9,000 Outstanding checks: $12,000 Deposits in transit: $500 12 Interest paid on balance $200 $75 Bank Fees $525 NSF Check $5.100 9:50 AM Bank EFT Payments: O a e to search
Brief Exercise 195 Given the following information, determine the adjusted cash balance per books; Balance per books as of June 30 Outstanding checks NSF check returned with bank statement Deposit mailed the afternoon of June 30 Check printing charges Interest earned on checking account $8,800 $600 $130 $300 $30 $40 Adjusted cash balance per books Question Attempts: 0 of 1 used
Match the term and the definition. 1. Step 1 х 2 3 х Answer is complete but not entirely correct. DEFINITION TERM Subtract outstanding checks from the bank balance. Compute the adjusted bank balance. Step 3 Enter the bank statement balance from the bank statement Step 2 Add any unrecorded deposits to the bank balance. Step 5 Compute the adjusted book balance Step 7 Add any unrecorded interest earned to the book balance Step 4 Enter the company's book balance...
Question 1 (30 minutes, 25 marks) You are given the following information for River Adventures Company River Adventures Company Bank Reconciliation April 30, 2019 9.009 546 9,855 Cash balance per bank Add: Deposit in transit Less: Outstanding cheques: 3526 8533 1541 8555 Adjusted cash balance, bank 363 79 2.079 7,776 The adjusted cash balance per bank agreed with the cash balance per books at April 30, 2017. The May bank statement showed the following: Bank Statement Cheques / Charges Deposit...
Help The following information is available for Trinkle Company for the month of June: 1. The unadjusted balance per the bank statement on June 30 was $57,972. 2. Deposits in transit on June 30 were $2,005. 3. A debit memo was included with the bank statement for a service charge of $7. 4. A $4,240 check written in June had not been paid by the bank. 5. The bank statement included a $1100 credit memo for the collection of a...
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