Dorothy Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records.
June 30 Bank Reconciliation |
|||
---|---|---|---|
Balance per bank |
$21,000 |
||
Add: Deposits in transit |
4,620 |
||
Deduct: Outstanding checks |
(6,000 |
) |
|
Balance per books |
$19,620 |
Month of July Results |
||||
---|---|---|---|---|
Per Bank |
Per Books |
|||
Balance July 31 |
$25,950 | $27,750 | ||
July deposits |
13,500 | 17,430 | ||
July checks |
12,000 | 9,300 | ||
July note collected (not included in July deposits) |
4,500 | |||
July bank service charge |
45 | |||
July NSF check from a customer, returned by the bank (recorded by bank as a charge) |
1,005 |
Prepare a bank reconciliation going from balance per bank and
balance per book to correct cash balance.
DOROTHY LANSBURY COMPANY | ||
Bank Reconciliation | ||
July 31 | ||
Balance per bank statement, July 31 | $25,950 | |
Add: Deposits in transit [$17,430 - ($13,500 - $4,620)] | $8,550 | |
Less: Outstanding Checks [$9,300 - ($12,000 - $6,000)] | $3,300 | |
Correct cash balance, July 31 | $31,200 | |
Balance per books, July 31 | $27,750 | |
Add: Collection of note | $4,500 | |
Less: | ||
NSF Check | $1,005 | |
Bank Service Charges | $45 | $1,050 |
Correct cash balance, July 31 | $31,200 |
Dorothy Lansbury Company deposits all receipts and makes all payments by check. The following information is available f...
Nancy Lansbury Company deposits all receipts and makes all payments by check The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank Add: Deposits in transit Deduct: Outstanding checks Balance per books $23.800 5.236 6.800) $22.236 Month of July Results Per Bank $29.410 15.300 13,600 5.100 Per Books $31.450 19.754 10.540 Balance July 31 July deposits uy checks July note collected (not included in July deposits July bank service charge July NSF check from...
Sarah Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $39,200 Add: Deposits in transit 8,624 Deduct: Outstanding checks (11,200) Balance per books $36,624 Month of July Results Per Bank Per Books Balance July 31 $48,440 $51,800 July deposits 25,200 32,536 July checks 22.400 17.360 July note collected (not included in July deposits) 8.400 July bank service charge 84 July NSF check...
Nancy Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $23,800 Add: Deposits in transit 5,236 Deduct: Outstanding checks (6,800 ) Balance per books $22.236 Month of July Results Per Bank Per Books Balance July 31 $29,410 $31,450 July deposits 15,300 19,754 July checks 13,600 10,540 July note collected (not included in July deposits) 5,100 July bank service charge 51 July NSF...
Linda Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation $11,200 Balance per bank Add: Deposits in transit Deduct: Outstanding checks 2,464 (3,200) $10,464 Balance per books Month of July Results Per Bank Per Books $13,840 7,200 6,400 $14,800 9,296 4,960 Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge July NSF check from a...
Nancy Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $23,800 Add: Deposits in transit 5,236 Deduct: Outstanding checks (6,800 ) Balance per books $22,236 Balance July 31 $29,410 $31,450 July deposits 15,300 19,754 July checks 13,600 10,540 July note collected (not included in July deposits) 5,100 July bank service charge 51 July NSF check from a customer, returned by the bank...
Chapter 7 Karlie Lizzo Company deposits all receipts and makes all payments by check. The following information is available from cash records. Month of July Results Per Bank $22,820 Per Books $20,677 Balance July 31 July deposits in transit $4.910 July checks outstanding $1,710 July note collected (not included in July deposits) $5,780 $5,600 for note and $180 for interest July bank service charge $55 July NSF check from a customer, returned bank the bank (recorded by bank as a...
E7.24 (LO6) (Bank Reconciliation and Adjusting Entries) Kipling plc deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank £7,000 Add: Deposits in transit 1,540 Deduct: Outstanding checks 2,000 Balance per books £6,540 Month of July Results Per Bank Per Books Balance July 31 £8,650 £9,250 July deposits 4,500 5,810 July checks 4,000 3,100 July note collected (not included in July deposits) 1,500 — July...
Marina Comp. deposits all receipts and makes all payments by check. The following information is available from the cash records: MARCH 31 BANK RECONCILIATION Balance per bank $26,746 Add: Deposits in transit 2,100 Deduct: Outstanding checks (3,800) Balance per books $25,046 Month of April Results Per Bank Per Books Balance April 30 $27,995 $27,355 April deposits 11,784 13,889 April checks 11,100 10,080 April note collected (not included in April deposits) 3,000 -0- April bank service charge 35 -0- April NSF...
Ayayai Corp. deposits all receipts intact and makes all payments by cheque. The following information is available from the cash records: Balance per bank Add: Deposits in transit Deduct: Outstanding cheques Balance per books April 30 Bank Reconciliation $7,100 1,500 (2,000) $6,600 Month of May Results Balance on May 31 May deposits May cheques May note collected (not included in May deposits) May bank service charge May NSF cheque from a customer, returned by the bank (recorded by the bank...
2. Sal's Surf Shop deposits all receipts in the bank and makes all payments by check. On July 3 cash account had a balance of $6,105.42. The bank statement on July 31 reported a balance of $4,746.46. Upon comparing the bank statement to the books, the following items were found a. A bank debit memo issued for an NSF check from a customer of $21.25. b. A bank credit memo issued for interest of $8.50 earned during the month. c....