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any data you can use B. Prepare a Bank Reconciliation Statement for XYZ company that has: • Bank statement of $9,0...
A. What is a bank reconciliation and why is it important for companies to do it periodically? B. Prepare a Bank Reconcil...
A. What is a bank reconciliation and why is it important for companies to do it periodically? B. Prepare a Bank Reconciliation Statement for XYZ company that has: Bank statement of $9,000. Cash account of $7,500. Additional information for the reconciliation: Deposit in transit. NSF Check. Outstanding check. Collections made by the bank. Required: provide an amount of each information to bring the adjusted balances to be equal
I need new and unique answers, please. (Use your own words, don't copy and paste), Please...
I need new and unique answers, please. (Use your own words, don't copy and paste), Please Use your keyboard (Don't use handwriting) Thank you.. Q1- A. What is a bank reconciliation and why is it important for companies to do it periodically? B. Prepare a Bank Reconciliation Statement for XYZ company that has: Bank statement of $9,000. Cash account of $7,500. Additional information for the reconciliation: Deposit in transit. NSF Check. Outstanding check. Collections made by the bank. Required: provide...
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...
Following is a bank reconciliation for Zocar Enterprises for June 30, 2018. Cash Account Bank Statement...
Following is a bank reconciliation for Zocar Enterprises for June 30, 2018. Cash Account Bank Statement Balance as of 6/30/2018 $ 25,220 $ 21,265 Deposit in transit 4,675 Outstanding checks (400 ) Note collected by bank 1,065 Bank service charge (45 ) NSF check (700 ) Adjusted cash balance as of 6/30/2018 $ 25,540 $ 25,540 As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain...
Exercise 4-44 Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of $22,381,...
Exercise 4-44 Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of $22,381, whereas Johnson's cash account shows a balance of $22,025 on October 31. The following additional information is available: a. A $855 deposit made on October 31 was not recorded by the bank until November b. At the end of October, outstanding checks total $1,222. C. The bank statement shows bank service charges of $125 not yet recorded by the company. d. The company erroneously...
Help Following is a bank reconciliation for Zocar Enterprises for June 30, 2018 points Cash Bank...
Help Following is a bank reconciliation for Zocar Enterprises for June 30, 2018 points Cash Bank Account Statement $23,895 $19,905 5,000 (490) 1,340 (20) (800) $24,415 $ 24, 415 Balance as of 6/30/2018 Deposit in transit Outstanding checks Note collected by bank Bank service charge NSF check Adjusted cash balance as of 6/30/2018 eBook References As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain sufficient...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $20,870. 2. Cash balance according to the bank statement at August 31, $37,600. 3. Checks outstanding, $23,375 4. Deposit in transit not recorded by bank, $7,500 5. A check for $100 in payment of an account was erroneously recorded in the check register as $1,000. 6. Bank debit...
bank reconciliation the following dada were accumulated for use in reconciliation gonna in the bank account...
bank reconciliation the following dada were accumulated for
use in reconciliation gonna in the bank account of Creative Design
Co. for August 20Y6
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $42,920. 2. Cash balance according to the bank statement at August 31, $56,300. 3. Checks outstanding, $25,390. 4. Deposit in transit not recorded by bank,...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Kaycee...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9: Cash balance according to the company’s records at August 31, $14,190. Cash balance according to the bank statement at August 31, $18,330. Checks outstanding, $5,710. Deposit in transit, not recorded by bank, $2,150. A check for $180 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as $810. Bank debit memo for service charges, $50. Prepare...
In anticipation of preparing the July bank reconciliation, the accountant gathered the following information: Bank statement...
In anticipation of preparing the July bank reconciliation, the accountant gathered the following information: Bank statement balance $4,300 Deposit in transit 500 Outstanding checks 300 Bank service charges 10 Customer's NSF check returned by the bank 50 What is the company's adjusted cash balance at July 31st? $4,300 $4,050 $4,140 $4,500
Exercise 4-44 Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of $22,381, whereas Johnson's cash account shows a balance of $22,025 on October 31. The following additional information is available: a. A $855 deposit made on October 31 was not recorded by the bank until November b. At the end of October, outstanding checks total $1,222. C. The bank statement shows bank service charges of $125 not yet recorded by the company. d. The company erroneously...
Help Following is a bank reconciliation for Zocar Enterprises for June 30, 2018 points Cash Bank Account Statement $23,895 $19,905 5,000 (490) 1,340 (20) (800) $24,415 $ 24, 415 Balance as of 6/30/2018 Deposit in transit Outstanding checks Note collected by bank Bank service charge NSF check Adjusted cash balance as of 6/30/2018 eBook References As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain sufficient...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $20,870. 2. Cash balance according to the bank statement at August 31, $37,600. 3. Checks outstanding, $23,375 4. Deposit in transit not recorded by bank, $7,500 5. A check for $100 in payment of an account was erroneously recorded in the check register as $1,000. 6. Bank debit...
bank reconciliation the following dada were accumulated for
use in reconciliation gonna in the bank account of Creative Design
Co. for August 20Y6
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $42,920. 2. Cash balance according to the bank statement at August 31, $56,300. 3. Checks outstanding, $25,390. 4. Deposit in transit not recorded by bank,...
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