Homework Answers
| Balance per books | 6950 |
| Add: Electronic funds receipt | 600 |
| Less: Service charge | -75 |
| Less: NSF check | -150 |
| Adjusted Book balance | 7325 |
| Option B $7,325 is correct |
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The ending bank statement balance at November 30 is $7,110. The bank statement shows a service charge of $75, electr...
The bank statement balance is $ 4 800 and shows a service charge of $ 14,...
The
bank statement balance is $ 4 800 and shows a service charge of $
14, interest earned of $ 6, and an NSF cheque for $ 400. Deposits
in transit total $ 1100; outstanding cheques are $ 575. The
bookkeeper recorded as $ 160 a cheque of $ 138 in payment of an
account payable.
The bank statement balance is $4,800 and shows a service charge of $14, interest earned of $6, and an NSF cheque for $400. Deposits...
SLLALTUnenens Exercise 7-9 This information relates to the Cash account in the ledger of Oriole Company Balance S...
SLLALTUnenens Exercise 7-9 This information relates to the Cash account in the ledger of Oriole Company Balance September 1-$20,570; Cash deposited-$64,000 Balance September 30-$21,770; Checks written-$62,800 The September bank statement shows a balance of $20,670 at September 30 and the following memoranda. Credits Collection of electronic funds transfer Debits NSF check: H. Kane $2,400 $1,130 Interest earned on checking account 60 Safety deposit box rent 75 At September 30, deposits in transit were $5,323 and outstanding checks totaled $2,968. Prepare...
The bank statement balance is $5,000 and shows a service charge of $26, interest earned of...
The bank statement balance is $5,000 and shows a service charge of $26, interest earned of $4, and an NSF cheque for $240. Deposits in transit total $1,700; outstanding cheques are $410. The bookkeeper recorded as $155 a cheque of $120 in payment of an account payable. (1) What is the adjusted bank balance? (2) What was the book balance of cash before the reconciliation? (1) What is the adjusted bank balance? The adjusted bank balance is $0 (2) What...
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...
Problem 8-05A a-b (Video) The bank portion of the bank reconciliation for Waterway Company at November...
Problem 8-05A a-b (Video)
The bank portion of the bank reconciliation for Waterway Company at
November 30, 2020, was as follows.
Waterway COMPANY
Bank Reconciliation
November 30, 2020
Cash balance per bank
$14,777.90
Add: Deposits in transit
2,530.20
17,308.10
Less: Outstanding checks
Check Number
Check Amount
3451
$ 2,260.40
3470
720.10
3471
844.50
3472
1,426.80
3474
1,053.00
6,304.80
Adjusted cash balance per bank
$11,003.30
The adjusted cash balance per bank agreed with the cash balance per
books at November 30....
Problem A: Lopez Hair Designs has a company book balance of $63,200 and a bank balance...
Problem A: Lopez Hair Designs has a company book balance of $63,200 and a bank balance of $50,200. The following additional information is available: Deposits in Transit: $30,000 Outstanding checks: 9,200 Notes Receivable collected by the bank 11,000 Not sufficient funds (NSF) 3,000 Bank fees 110 Lopez Hair Design incorrectly recorded on their books a check (disbursement) for $10 that should have been recorded at $100. Prepare a reconciliation: Adjusted balance per bank Adjusted balance per books
1. The bank statement for Allen Co. indicates a balance of $7,100.00 on June 30. The...
1. The bank statement for Allen Co. indicates a balance of $7,100.00 on June 30. The cash account balance had a balance of $3,975.00. Prepare bank reconciliation on the basis of the following information, and journalize the changes on the company's cash balance. Cash Receipts of $672 had been recorded on the company's books as $654, • Deposits in transit not record by the bank, $400 • Bank service charges, $20 Note collected by the bank and not yet notified...
The bank portion of the bank reconciliation for Concord Company at November 30, 2020, was as...
The bank portion of the bank reconciliation for Concord Company
at November 30, 2020, was as follows.
Concord COMPANY
Bank Reconciliation
November 30, 2020
Cash balance per bank
$14,547.90
Add: Deposits in transit
2,530.20
17,078.10
Less: Outstanding checks
Check Number
Check Amount
3451
$ 2,260.40
3470
720.10
3471
844.50
3472
1,426.80
3474
1,051.30
6,303.10
Adjusted cash balance per bank
$10,775.00
The adjusted cash balance per bank agreed with the cash balance per
books at November 30.
The December bank statement...
Required information (The following information applies to the questions displayed below.) The September 30 bank statement...
Required information (The following information applies to the questions displayed below.) The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other NSF check $ 90 $2,730 Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 #101 #102 #103 $ 710 1,520 2,210 Balance $1,820 1,730 4,460 3,750 2,230 20 125 1 15 105 EFT deposit Service charge 10 Balance...
The Pharoah Boat Company's bank statement for the month of November showed a balance per bank...
The Pharoah Boat Company's bank statement for the month of November showed a balance per bank of $8,900. The company's Cash account in the general ledger had a balance of $6,269 at November 30. Other information is as follows: (1) Cash receipts for November 30 recorded on the company's books were $6,390 but this amount does not appear on the bank statement. (2) The bank statement shows a debit memorandum for $50 for check printing charges. (3) Check No. 119...
The
bank statement balance is $ 4 800 and shows a service charge of $
14, interest earned of $ 6, and an NSF cheque for $ 400. Deposits
in transit total $ 1100; outstanding cheques are $ 575. The
bookkeeper recorded as $ 160 a cheque of $ 138 in payment of an
account payable.
The bank statement balance is $4,800 and shows a service charge of $14, interest earned of $6, and an NSF cheque for $400. Deposits...
SLLALTUnenens Exercise 7-9 This information relates to the Cash account in the ledger of Oriole Company Balance September 1-$20,570; Cash deposited-$64,000 Balance September 30-$21,770; Checks written-$62,800 The September bank statement shows a balance of $20,670 at September 30 and the following memoranda. Credits Collection of electronic funds transfer Debits NSF check: H. Kane $2,400 $1,130 Interest earned on checking account 60 Safety deposit box rent 75 At September 30, deposits in transit were $5,323 and outstanding checks totaled $2,968. Prepare...
The bank statement balance is $5,000 and shows a service charge of $26, interest earned of $4, and an NSF cheque for $240. Deposits in transit total $1,700; outstanding cheques are $410. The bookkeeper recorded as $155 a cheque of $120 in payment of an account payable. (1) What is the adjusted bank balance? (2) What was the book balance of cash before the reconciliation? (1) What is the adjusted bank balance? The adjusted bank balance is $0 (2) What...
Problem 8-05A a-b (Video)
The bank portion of the bank reconciliation for Waterway Company at
November 30, 2020, was as follows.
Waterway COMPANY
Bank Reconciliation
November 30, 2020
Cash balance per bank
$14,777.90
Add: Deposits in transit
2,530.20
17,308.10
Less: Outstanding checks
Check Number
Check Amount
3451
$ 2,260.40
3470
720.10
3471
844.50
3472
1,426.80
3474
1,053.00
6,304.80
Adjusted cash balance per bank
$11,003.30
The adjusted cash balance per bank agreed with the cash balance per
books at November 30....
1. The bank statement for Allen Co. indicates a balance of $7,100.00 on June 30. The cash account balance had a balance of $3,975.00. Prepare bank reconciliation on the basis of the following information, and journalize the changes on the company's cash balance. Cash Receipts of $672 had been recorded on the company's books as $654, • Deposits in transit not record by the bank, $400 • Bank service charges, $20 Note collected by the bank and not yet notified...
The bank portion of the bank reconciliation for Concord Company
at November 30, 2020, was as follows.
Concord COMPANY
Bank Reconciliation
November 30, 2020
Cash balance per bank
$14,547.90
Add: Deposits in transit
2,530.20
17,078.10
Less: Outstanding checks
Check Number
Check Amount
3451
$ 2,260.40
3470
720.10
3471
844.50
3472
1,426.80
3474
1,051.30
6,303.10
Adjusted cash balance per bank
$10,775.00
The adjusted cash balance per bank agreed with the cash balance per
books at November 30.
The December bank statement...
Required information (The following information applies to the questions displayed below.) The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other NSF check $ 90 $2,730 Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 #101 #102 #103 $ 710 1,520 2,210 Balance $1,820 1,730 4,460 3,750 2,230 20 125 1 15 105 EFT deposit Service charge 10 Balance...
The Pharoah Boat Company's bank statement for the month of November showed a balance per bank of $8,900. The company's Cash account in the general ledger had a balance of $6,269 at November 30. Other information is as follows: (1) Cash receipts for November 30 recorded on the company's books were $6,390 but this amount does not appear on the bank statement. (2) The bank statement shows a debit memorandum for $50 for check printing charges. (3) Check No. 119...
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