Homework Answers
Book Balance of Cash Additions and Book Balance of Cash Deductions
Some examples which require journal entries for bank reconciliation:
- printing charges
- bank charges on returned cheques
- interest received in banks etc
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Of the four categories listed in a bank reconciliation, which one(s) require a journal entry(ies) in the firm's r...
MC Qu. 9-65 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation St...
MC Qu. 9-65 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear 25 points SXX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $xx Adjusted Book Balance of Cash $XX A service charge charged by the bank
Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear. ts...
Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear. ts $XX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $XX Adjusted Book Balance of Cash $XX An NSF check from a customer.
Need help in bank reconciliation and general journal. McDermott Company's bank statement for September 30 showed...
Need help in bank reconciliation and general journal.
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,420. The company's Cash account in its general ledger showed a $1,070 debit balance. The following information was also available as of September 30. • The bank deducted $150 for an NSF check from a customer deposited on September 15. • The September 30 cash receipts, $1,300, were placed in the bank's night depository after banking hours on that...
MC Qu. 9-63 Indicate in which section of the Bank Reconc... Indicate in which section of...
MC Qu. 9-63 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear. $XX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $XX Adjusted Book Balance of Cash $XX A canceled check for $147 erroneously listed on bank statement as $74.
licet @ @ @ @ o Record the bank collection fee. Note: Enter debits before credits....
licet @ @ @ @ o Record the bank collection fee. Note: Enter debits before credits. General Journal Date Mar 31, 2019 Debit Credit View general journal Clear entry Record entry Journal entry worksheet co Record the check incorrectly charged. Note: Enter debits before credits. General Journal Debit Credit Date Mar 31, 2019 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 Record note collected by the bank. Note: Enter debits before credits. General Journal...
a. The checkbook and the general journal indicated that Check 2206 dated April 17 was issued for $695 to make a cash pu...
a. The checkbook and the general journal indicated that Check 2206 dated April 17 was issued for $695 to make a cash purchase of supplies. However, examination of the canceled check and the listing on the bank statement showed that the actual amount of the check was $14. b. The checkbook and the general journal indicated that Check 2247 dated April 20 was issued for $130 to pay a utility bill. However, examination of the canceled check and the listing...
The entry in a firm's accounting records for the monthly service charge by the bank noted...
The entry in a firm's accounting records for the monthly service charge by the bank noted on the bank statement would include: Multiple Choice a debit to Bank Fees Expense and a credit to Cash. a debit to Cash and a credit to Accounts Payable a debit to Accounts Payable and a credit to Cash a debit to Cash and a credit to Fees Income.
Prepare a June bank reconciliation for Savvy Company Prepare the general journal entries to bring...
Prepare a June bank reconciliation for Savvy Company
Prepare the general journal entries to bring the company’s
book balance of cash onto conformity with the reconciles balance as
of June 30
12) The following information is avai lable for the Savvy Company for the month of June. ACHEo a. On June 30, after all transactions have been recorded, the balance in the company's Cash has a balance of $17,202. b. The company's bank statement shows a balance on June 30...
Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $14,800. The bank reconciliation...
Egrane, Inc.'s monthly bank statement showed the ending balance
of cash of $14,800. The bank reconciliation for the period showed
an adjustment for a deposit in transit of $1,200, outstanding
checks of $1,600, a NSF check of $560, bank service charges of $24
and the EFT from a customer in payment of the customer's account of
$1,200.
What journal entry should be recorded by Egrane for the NSF
check returned?
MC Qu. 5-150 Egrane, Inc.s monthly bank statement.. grane, Inc.'s...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 The following information...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 The following information applies to the questions displayed below] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017 a. On July 31, the company's Cash account has a $25,868 debit balance, but its July bank statement shows a $28,161 cash balance b. Check No. 3031 for $1,510 and Check No. 3040 for...
MC Qu. 9-65 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear 25 points SXX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $xx Adjusted Book Balance of Cash $XX A service charge charged by the bank
Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear. ts $XX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $XX Adjusted Book Balance of Cash $XX An NSF check from a customer.
Need help in bank reconciliation and general journal.
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,420. The company's Cash account in its general ledger showed a $1,070 debit balance. The following information was also available as of September 30. • The bank deducted $150 for an NSF check from a customer deposited on September 15. • The September 30 cash receipts, $1,300, were placed in the bank's night depository after banking hours on that...
MC Qu. 9-63 Indicate in which section of the Bank Reconc... Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear. $XX John Bosley Co., Bank Reconciliation, April 30, 2019 Bank Statement Balance $XX Book Balance of Cash Additions: Additions: Deduction: Deduction: Adjusted Balance per Bank Statement $XX Adjusted Book Balance of Cash $XX A canceled check for $147 erroneously listed on bank statement as $74.
licet @ @ @ @ o Record the bank collection fee. Note: Enter debits before credits. General Journal Date Mar 31, 2019 Debit Credit View general journal Clear entry Record entry Journal entry worksheet co Record the check incorrectly charged. Note: Enter debits before credits. General Journal Debit Credit Date Mar 31, 2019 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 Record note collected by the bank. Note: Enter debits before credits. General Journal...
a. The checkbook and the general journal indicated that Check 2206 dated April 17 was issued for $695 to make a cash purchase of supplies. However, examination of the canceled check and the listing on the bank statement showed that the actual amount of the check was $14. b. The checkbook and the general journal indicated that Check 2247 dated April 20 was issued for $130 to pay a utility bill. However, examination of the canceled check and the listing...
The entry in a firm's accounting records for the monthly service charge by the bank noted on the bank statement would include: Multiple Choice a debit to Bank Fees Expense and a credit to Cash. a debit to Cash and a credit to Accounts Payable a debit to Accounts Payable and a credit to Cash a debit to Cash and a credit to Fees Income.
Prepare a June bank reconciliation for Savvy Company
Prepare the general journal entries to bring the company’s
book balance of cash onto conformity with the reconciles balance as
of June 30
12) The following information is avai lable for the Savvy Company for the month of June. ACHEo a. On June 30, after all transactions have been recorded, the balance in the company's Cash has a balance of $17,202. b. The company's bank statement shows a balance on June 30...
Egrane, Inc.'s monthly bank statement showed the ending balance
of cash of $14,800. The bank reconciliation for the period showed
an adjustment for a deposit in transit of $1,200, outstanding
checks of $1,600, a NSF check of $560, bank service charges of $24
and the EFT from a customer in payment of the customer's account of
$1,200.
What journal entry should be recorded by Egrane for the NSF
check returned?
MC Qu. 5-150 Egrane, Inc.s monthly bank statement.. grane, Inc.'s...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 The following information applies to the questions displayed below] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017 a. On July 31, the company's Cash account has a $25,868 debit balance, but its July bank statement shows a $28,161 cash balance b. Check No. 3031 for $1,510 and Check No. 3040 for...
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