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The Roscoe Company's March 31 bank statement balance was $70,500. As of March 31, outstanding checks total $22,200 and...
Denis Company's unadjusted bank balance at March 31, 2019 is $3,200. The bank reconciliation revealed outstanding...
Denis Company's unadjusted bank balance at March 31, 2019 is $3,200. The bank reconciliation revealed outstanding checks amounting to $500 and deposits in transit of $400. Based on this information, Dent's true cash balance is:
1. A bank statement shows a balance of $6,825 at June 30. The bank reconciliation is...
1. A bank statement shows a balance of $6,825 at June 30. The bank reconciliation is prepared and includes outstanding checks of $2,850, deposits in transit of $1,250, and a bank service charge of $40. Among the paid checks returned by the bank was check number 900 in the amount of $450, which the company had erroneously recorded in the accounting records as $60. The "adjusted cash balance" at June 30 is: Multiple Choice $5,985. $5,225. $3,525. $4,425. 2. The...
QUESTION 47 The Marjan Company's bank statement showed a balance of $14,087 on March 31, 2017....
QUESTION 47 The Marjan Company's bank statement showed a balance of $14,087 on March 31, 2017. In searching its records and the bank statement, Marjan found the following: $ 856 80 Outstanding checks Bank service charges Non-sufficient funds checks Deposits in transit Customer note collected by the bank 907 1,640 1,020 Based on this financial information, what should be the adjusted bank balance on the bank reconciliation? (Do Not enter dollar signs.) II
Duke Company's unedusted bank balance at March 31 is $3850. The bank reconciliation revealed outstanding checks...
Duke Company's unedusted bank balance at March 31 is $3850. The bank reconciliation revealed outstanding checks amounting to $580 and deposits in transit of $460. What is the true cash balance? $3850 $3390 $3730 $4310 Abbott Company purchased $7300 of merchandise inventory on account. Abbott uses the perpetual inventory system. Which of the following entries would be required to record this transaction? 7300 Inventory Accounts Payable 7300 Accounts Payable Purchases 7300 Cost of Goods Sold Accounts Payable 7300 Accounts Payable...
What was the August 31, 2016 cash balance on Conner's bank statement?
The Conner Company's August 31, 2016 cash balance on its books was $90,000. As of August 31, outstanding checks total $44,000, and deposits in transit total $30,000.What was the August 31, 2016 cash balance on Conner's bank statement?
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $36734 Balance per bank statement,...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $36734 Balance per bank statement, July 31, 20x6 Add: Deposit in Transit Less: Outstanding cheques Balance per books, July 31, 20x6 10675 12519 $34890 Data per bank for the month of August 20x6 was as follows: Deposits $.48399 Disbursements 51234 The deposits and disbursements for August include the items per the July bank reconciliation. All reconciling items at July 31, 20x6 cleared the bank in August. Outstanding cheques at...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $37474 Balance per bank statement,...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $37474 Balance per bank statement, July 31, 20x6 Add: Deposit in Transit Less: Outstanding cheques Balance per books, July 31, 20x6 10067 11255 $36286 Data per bank or the month of August 20x6 was as follows: Deposits $ 45270 Disbursements 49377 The deposits and disbursements for August include the items per the July bank reconciliation. All reconciling items at July 31, 20x6 cleared the bank in August. Outstanding cheques...
requirea information [The following information applies to the questions displayed below) The bank statement for Tetra...
requirea information [The following information applies to the questions displayed below) The bank statement for Tetra Company contained the following items: a bank service charge of $70: a credit memo for Interest earned, $75; and a $170 NSF check from a customer. The company had outstanding checks of $400 and a deposit in transit of $900. Assuming that the unadjusted bank balance was $1,800, what is the unadjusted book balance? Book Multiple Choice 0 0 0 0 Rainey Company's true...
a. The bank statement balance is $3,159 b. The cash account balance is $3,334. c. Outstanding...
a. The bank statement balance is $3,159 b. The cash account balance is $3,334. c. Outstanding checks amounted to $785 d. Deposits in transit are $850 e. The bank service charge is $101 f. A check for $53 for supplies was recorded as $44 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliatiorn August 31 Cash balance according to bank statement Adjustments: 3,159 Deposits in transit not recorded by bank 850 Outstanding...
The bank statement shows a cash balance of $5,000 on December 31. The has outstanding checks...
The bank statement shows a cash balance of $5,000 on December 31. The has outstanding checks totaling $2,000 on that date and deposits in transit of $500 on that date. The bank paid the company interest of $50 for the month of December and charged a bank fee of $10. Calculate the adjusted bank balance for the company given this information company $3,540 $3,500 $2,500 $2,540 ate) a
QUESTION 47 The Marjan Company's bank statement showed a balance of $14,087 on March 31, 2017. In searching its records and the bank statement, Marjan found the following: $ 856 80 Outstanding checks Bank service charges Non-sufficient funds checks Deposits in transit Customer note collected by the bank 907 1,640 1,020 Based on this financial information, what should be the adjusted bank balance on the bank reconciliation? (Do Not enter dollar signs.) II
Duke Company's unedusted bank balance at March 31 is $3850. The bank reconciliation revealed outstanding checks amounting to $580 and deposits in transit of $460. What is the true cash balance? $3850 $3390 $3730 $4310 Abbott Company purchased $7300 of merchandise inventory on account. Abbott uses the perpetual inventory system. Which of the following entries would be required to record this transaction? 7300 Inventory Accounts Payable 7300 Accounts Payable Purchases 7300 Cost of Goods Sold Accounts Payable 7300 Accounts Payable...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $36734 Balance per bank statement, July 31, 20x6 Add: Deposit in Transit Less: Outstanding cheques Balance per books, July 31, 20x6 10675 12519 $34890 Data per bank for the month of August 20x6 was as follows: Deposits $.48399 Disbursements 51234 The deposits and disbursements for August include the items per the July bank reconciliation. All reconciling items at July 31, 20x6 cleared the bank in August. Outstanding cheques at...
Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $37474 Balance per bank statement, July 31, 20x6 Add: Deposit in Transit Less: Outstanding cheques Balance per books, July 31, 20x6 10067 11255 $36286 Data per bank or the month of August 20x6 was as follows: Deposits $ 45270 Disbursements 49377 The deposits and disbursements for August include the items per the July bank reconciliation. All reconciling items at July 31, 20x6 cleared the bank in August. Outstanding cheques...
requirea information [The following information applies to the questions displayed below) The bank statement for Tetra Company contained the following items: a bank service charge of $70: a credit memo for Interest earned, $75; and a $170 NSF check from a customer. The company had outstanding checks of $400 and a deposit in transit of $900. Assuming that the unadjusted bank balance was $1,800, what is the unadjusted book balance? Book Multiple Choice 0 0 0 0 Rainey Company's true...
a. The bank statement balance is $3,159 b. The cash account balance is $3,334. c. Outstanding checks amounted to $785 d. Deposits in transit are $850 e. The bank service charge is $101 f. A check for $53 for supplies was recorded as $44 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliatiorn August 31 Cash balance according to bank statement Adjustments: 3,159 Deposits in transit not recorded by bank 850 Outstanding...
The bank statement shows a cash balance of $5,000 on December 31. The has outstanding checks totaling $2,000 on that date and deposits in transit of $500 on that date. The bank paid the company interest of $50 for the month of December and charged a bank fee of $10. Calculate the adjusted bank balance for the company given this information company $3,540 $3,500 $2,500 $2,540 ate) a
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