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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...
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
3. Calculate an adjusted bank balance and adjusted book balance given the following information: Bank Balance...
3. Calculate an adjusted bank balance and adjusted book balance given the following information: Bank Balance December 31: $10,000 Outstanding Checks total: $6,000 Deposits in transit: $2,500 EFT payments made BY bank: $1,000 Bank collection of receivables: $3,000 NSF Check: $550 Book Balance December 31: $5,050 4. A company currently operates a restaurant Identity at least 5 risks that the company may identify as part of its risk assessment. After doing so, identify at least 1 preventive, detective and corrective...
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
Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted...
Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31. Cash balance per books, 5/31 $4,361 Deposits in transit 287 Notes receivable and interest collected by bank 790 1,018 196 Bank charge for check printing Outstanding checks NSF check Ca$4,224 b. $3,630 c. $1,077 d. $4,930
Robert's Company gathered the following reconciling info. in preparing it's May bank reconciliation: Book balance at...
Robert's Company gathered the following reconciling info. in preparing it's May bank reconciliation: Book balance at May 31, $4550, Bank balance at May, 31, $6025, Deposits in transit, not recorded by the bank of $425, Deposit of $650 incorrectly recorded by the as $560, Check #342 for $410 was incorrectly recorded by the company as $140, Outstanding checks of $2220, and NSF check of $140 was returned by the bank to the company. The adjusted cash balance according to the...
Using the following information, prepare a bank reconciliation Bank balance: $12.565. • Book balance: $13,744 •...
Using the following information, prepare a bank reconciliation Bank balance: $12.565. • Book balance: $13,744 • Deposits in transit: $2,509 Outstanding checks: $1,777 • Bank charges: $125. Bank incorrectly charged the account for $412. The bank will correct the error next month. • Check number 1879 correctly cleared the bank in the amount of $562 but posted in the accounting records as $652. This check was expensed to Utilities Expense Use the following Formati Bank Statement Balance Add: Less Adjusted...
In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following...
In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 30 $ 5,325 Deposits in transit at month-end $ 1,920 Outstanding checks at month-end $ 580 Bank service charges $ 31 EFT automatically deducted monthly, not yet recorded by Maxi $ 500 An NSF check returned on a customer account $ 325 The adjusted cash balance per the books on January 31 is:
Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted...
Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30. Cash balance per books, 9/30 $ 2,993 Deposits in transit 408 Notes receivable and interest collected by bank 809 Bank charge for check printing 36 Outstanding checks 1,274 NSF check 186 $3,580 $2,900 $2,714 $2,127
Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted...
Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30. Cash balance per books, 9/30 $ 2,993 Deposits in transit 408 Notes receivable and interest collected by bank 809 Bank charge for check printing 36 Outstanding checks 1,274 NSF check 186 $3,580 $2,900 $2,714 $2,127
Name The following information applies to the questions displayed below. The April 30 bank statement for...
Name The following information applies to the questions displayed below. The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here: BANK STATEMENT Balance Checks Deposits Other $6,000 Balance, April 1 April 5 April 9 April 12 April 19 April 22 April 27 April 29 April 30 5.300 7,800 7600 #101 $700 $2,500 200 # 102 7,100 #103 500 6,100 #104 1,000 $200 5,900 5,800 5,775 EFT payment NSF check 100 25 Service...
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
3. Calculate an adjusted bank balance and adjusted book balance given the following information: Bank Balance December 31: $10,000 Outstanding Checks total: $6,000 Deposits in transit: $2,500 EFT payments made BY bank: $1,000 Bank collection of receivables: $3,000 NSF Check: $550 Book Balance December 31: $5,050 4. A company currently operates a restaurant Identity at least 5 risks that the company may identify as part of its risk assessment. After doing so, identify at least 1 preventive, detective and corrective...
Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31. Cash balance per books, 5/31 $4,361 Deposits in transit 287 Notes receivable and interest collected by bank 790 1,018 196 Bank charge for check printing Outstanding checks NSF check Ca$4,224 b. $3,630 c. $1,077 d. $4,930
Using the following information, prepare a bank reconciliation Bank balance: $12.565. • Book balance: $13,744 • Deposits in transit: $2,509 Outstanding checks: $1,777 • Bank charges: $125. Bank incorrectly charged the account for $412. The bank will correct the error next month. • Check number 1879 correctly cleared the bank in the amount of $562 but posted in the accounting records as $652. This check was expensed to Utilities Expense Use the following Formati Bank Statement Balance Add: Less Adjusted...
Name The following information applies to the questions displayed below. The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here: BANK STATEMENT Balance Checks Deposits Other $6,000 Balance, April 1 April 5 April 9 April 12 April 19 April 22 April 27 April 29 April 30 5.300 7,800 7600 #101 $700 $2,500 200 # 102 7,100 #103 500 6,100 #104 1,000 $200 5,900 5,800 5,775 EFT payment NSF check 100 25 Service...
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