American Medical Co. BRS | ||
Cash Balance according to statement | 127190 | |
Add: Deposit of april 30, not recorded by bank | 17610 | |
Add:-Bank Error in charging check as 860 instead of 680 | 180 | |
Less:- Outstanding Checks | -33310 | -15520 |
Adjusted Balance | 111670 | |
Cash Balance according to books | 84457 | |
Add:- | ||
Note and interest collected by bank | 28248 | |
Less:- | 28248 | |
Error in recording check ( 1100 - 110 ) | 990 | |
Bank service charges | 45 | |
1035 | ||
Adjusted Balance | 111670 | |
Journal entries | ||
Cash | 28248 | |
NOtes Receivable | 26400 | |
Interest revenue | 1848 | |
Accounts payable - Targhee supply co. | 990 | |
Cash | 990 | |
Bank service charges / Misc. exp. | 45 | |
Cash | 45 | |
$ 111670 would be reported as cash on balance sheet. | ||
The cash account for American Medical Co. at April 30 indicated a balance of $84,457. The...
The cash account for American Medical Co. at April 30 indicated a balance of $97,456. The bank statement indicated a balance of $127,960 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $30,050. B. A deposit of $19,720, representing receipts of April 30, had been made too late to appear on the bank statement. C. The bank collected $22,149 on a $20,700 note,...
The cash account for American Medical Co. at April 30 indicated a balance of $89,775. The bank statement indicated a balance of $125,160 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $31,540. B. A deposit of $18,000, representing receipts of April 30, had been made too late to appear on the bank statement. C. The bank collected $24,075 on a $22,500 note,...
INSTRUCTIONS: QUESTION 5 The cash account for American Medical Co, at April 30 indicated a balance of $334,985. The bank statement indicated a balance of $388,600 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $61,280. B. A deposit of $42,500, representing receipts of April 30, had been made too late to appear on the bank statement. C. The bank collected $42.000 on...
The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The bank statement indicated a balance of $388,600 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $61,280. B. A deposit of $42,500, representing receipts of April 30, had been made too late to appear on the bank statement. C. The bank collected $42,000 on a $40,000 note,...
The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $166,436. The bank statement indicated a balance of $195,688 on June 30, 20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $19,427. b. A deposit of $12,300, representing receipts of June 30, had been made too late to appear on the bank statement. c. The bank collected $26,500 on a...
Bank Reconciliation and Entries The cash account for American Medical Co. at April 30 indicated a balance of $10,205. The bank statement indicated a balance of $11,690 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $4,210. b. A deposit of $4,380, representing receipts of April 30, had been made too late to appear on the bank statement. c. The bank collected $2,280...
Bank Reconciliation and Entries The cash account for American Medical Co. at April 30 indicated a balance of $10,945. The bank statement indicated a balance of $12,340 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $4,440. b. A deposit of $4,630, representing receipts of April 30, had been made too late to appear on the bank statement. c. The bank collected $2,410...
Bank reconciliation and entries Amount Descriptions Instructions Chart of Accounts Bank Reconciliation Journal Final Question Instructions The cash account for American Medical Co. at April 30 indicated a balance of $97,456. The bank statement indicated a balance of $127,960 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $30,050. B. A deposit of $19,720, representing receipts of April 30, had been made too...
Bank Reconciliation and Entries The cash account for American Medical Co. at April 30 indicated a balance of $8,960. The bank statement indicated a balance of $10,190 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $3,670. B. A deposit of $3,820, representing receipts of April 30, had been made too late to appear on the bank statement. C. The bank collected $1,990...
I need help I want to make sure I going in right Direction The cash account for American Medical Co.at April 30 indicated a balance of $84.457. The bank statement indicated a balance of $127,190 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $33,310. B. A deposit of $17,610, representing receipts of April 30, had been made too late to appear on...