Homework Answers
In books the following transaction would have already been booked but has not been reflected in bank statements.
| Balance as per bank statement | 78600 | |||
| Add: deposits in transit | 10000 | increase cash balance | ||
| Less: outstanding checks | -10400 | reduces cash balance | ||
| cash balance as at April 30 | 78200 | [78600+10000-10400] |
answer D
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Balance per bank suatement 4/30/18 $78,600 NSF check returned with 4/30/18 bank $940 statement Deposits in...
In preparing its bank reconciliation for the month of April 2018, Haskins, Inc. has available the...
In preparing its bank reconciliation for the month of April 2018, Haskins, Inc. has available the following information. Balance per bank statement, 4/30/18 $40,920 NSF check returned with 4/30/18 bank statement 1,350 Deposits in transit, 4/30/18 10,500 Outstanding checks, 4/30/18 15,600 Bank service charges for April 60 What should be the adjusted cash balance at April 30, 2018?
Stanis Company has the following information: Balance per books Bank Service Charges Deposits in Transit NSF...
Stanis Company has the following information: Balance per books Bank Service Charges Deposits in Transit NSF Check Outstanding Checks $16,000 $50 $2,000 $800 $2,200 What is the adjusted balance per books?
Marina Comp. deposits all receipts and makes all payments by check. The following information is available...
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...
Sum dileu ere. BANK STATEMENT Checks Deposits Other $ 90 NSF check $2,850 Balance, September 1...
Sum dileu ere. BANK STATEMENT Checks Deposits Other $ 90 NSF check $2,850 Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 Balance $1,900 1,810 4,660 3,910 2,310 60 185 175 1101 $ 750 #102 1,600 #103 2,250 EFT deposit Service charge 125 10 Balance Sep 1 Sep 10 Sep 30 Cash (A) 1,900 2,850 750 2,250 1,600 2,250 40 2,360 Sep 10 Sep 15 Sep 22 Sep 28 #101 #102 #103...
Rollerball USA Bank Reconciliation April 30, 2018 —————————- Bank: Balance, April 30 - $700 Add: Deposit in transit- 1...
Rollerball
USA
Bank Reconciliation
April 30, 2018
—————————-
Bank:
Balance, April 30 - $700
Add: Deposit in transit- 1805
=2505
less: outstanding checks -(614)
adjusted bank balance- 1891
Books:
Balance, April 30- 1925
Add: EFT collection- rent - 300
=2225
Less:
Correction of book error- 225
NSF Checks- 90
Charge for printed checks- 10
service charge- 9
=(334)
Adjusted book balance- 1891
Use the above bank statement information to fill in the cells.
Do entries for 1- record the EFT...
Data for Amiable Company are shown below: 12/31/2018 11/30/2018 Bank account balance P 689,085 P 535,410...
Data for Amiable Company are shown below: 12/31/2018 11/30/2018 Bank account balance P 689,085 P 535,410 Cash account balance 201,425 82,350 Bank collection from company customers 404,500 359,075 NSF checks returned by bank 41,250 Outstanding checks 150,560 138,590 Bank service charges 3,000 3,600 Deposits in transit 64,400 41,005 Additional information: NSF checks were redeposited in the same month. No entries made to take up the return and redeposit The bank statement and the company's cash records show the following totals:...
Which of the following situations would cause the balance per bank to be more than the...
Which of the following situations would cause the balance per bank to be more than the balance per books? Multiple Choice Outstanding checks Deposits in transit Service charges Checks from customers returned as NSF
Beckett Co. received its bank statement for the month ending June 30, 2019. and reconciled the...
Beckett Co. received its bank statement for the month ending June 30, 2019. and reconciled the statement balance to the June 30, 2019, balance in the Cash account. The reconciled balance was determined to be $6.658. The reconciliation recognized the following items: 1. Deposits in transit were $3,426. 2. Outstanding checks totaled $2.744 3. Bank service charges shown as a deduction on the bank statement were $51. 4. An NSF check from a customer for $664 was included with the...
Beckett Co. received its bank statement for the month ending June 30, 2019, and reconciled the...
Beckett Co. received its bank statement for the month ending June 30, 2019, and reconciled the statement balance to the June 30, 2019, balance in the Cash account. The reconciled balance was determined to be $6,462. The reconciliation recognized the following items: Deposits in transit were $3,326. Outstanding checks totaled $2,634. Bank service charges shown as a deduction on the bank statement were $59. An NSF check from a customer for $618 was included with the bank statement. Beckett Co....
eptember 30, before reconciliation. The September 30 uded deposits in transit, $6,200, bank service charges, $120;...
eptember 30, before reconciliation. The September 30 uded deposits in transit, $6,200, bank service charges, $120; 2,850, outstanding checks, $1,280 and interest credited to $90 ad to reflect the reconciling items for Happ Inc at September 5.) Income Statement Reventos Stockholders' Equity Net income Accounts payable Accounts receivable Cash Interest revenue The balance in Happ Inc.'s general ledger Cash account was $71,580 at September 30, before reconciliation. The September 30 balance shown in the bank statement was $63,780. Reconciling items...
Stanis Company has the following information: Balance per books Bank Service Charges Deposits in Transit NSF Check Outstanding Checks $16,000 $50 $2,000 $800 $2,200 What is the adjusted balance per books?
Sum dileu ere. BANK STATEMENT Checks Deposits Other $ 90 NSF check $2,850 Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 Balance $1,900 1,810 4,660 3,910 2,310 60 185 175 1101 $ 750 #102 1,600 #103 2,250 EFT deposit Service charge 125 10 Balance Sep 1 Sep 10 Sep 30 Cash (A) 1,900 2,850 750 2,250 1,600 2,250 40 2,360 Sep 10 Sep 15 Sep 22 Sep 28 #101 #102 #103...
Rollerball
USA
Bank Reconciliation
April 30, 2018
—————————-
Bank:
Balance, April 30 - $700
Add: Deposit in transit- 1805
=2505
less: outstanding checks -(614)
adjusted bank balance- 1891
Books:
Balance, April 30- 1925
Add: EFT collection- rent - 300
=2225
Less:
Correction of book error- 225
NSF Checks- 90
Charge for printed checks- 10
service charge- 9
=(334)
Adjusted book balance- 1891
Use the above bank statement information to fill in the cells.
Do entries for 1- record the EFT...
Data for Amiable Company are shown below: 12/31/2018 11/30/2018 Bank account balance P 689,085 P 535,410 Cash account balance 201,425 82,350 Bank collection from company customers 404,500 359,075 NSF checks returned by bank 41,250 Outstanding checks 150,560 138,590 Bank service charges 3,000 3,600 Deposits in transit 64,400 41,005 Additional information: NSF checks were redeposited in the same month. No entries made to take up the return and redeposit The bank statement and the company's cash records show the following totals:...
Beckett Co. received its bank statement for the month ending June 30, 2019. and reconciled the statement balance to the June 30, 2019, balance in the Cash account. The reconciled balance was determined to be $6.658. The reconciliation recognized the following items: 1. Deposits in transit were $3,426. 2. Outstanding checks totaled $2.744 3. Bank service charges shown as a deduction on the bank statement were $51. 4. An NSF check from a customer for $664 was included with the...
eptember 30, before reconciliation. The September 30 uded deposits in transit, $6,200, bank service charges, $120; 2,850, outstanding checks, $1,280 and interest credited to $90 ad to reflect the reconciling items for Happ Inc at September 5.) Income Statement Reventos Stockholders' Equity Net income Accounts payable Accounts receivable Cash Interest revenue The balance in Happ Inc.'s general ledger Cash account was $71,580 at September 30, before reconciliation. The September 30 balance shown in the bank statement was $63,780. Reconciling items...
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