Homework Answers
24.2A Balance as per cash book 8340
(-) Bankings made but not yet appeared in statement (420)
(-) Bank charges on bank statement (25)
(+) unpresented cheques 277
(-) Standing order to DMC Ltd (99)
(+)Credit transfer received from P.Fox 435
Balance as per pass book 8508
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Cash at balik per up to date, ascertaining 24.2A Draw up a bank reconciliation statement, after...
Problem 6 (7 marks) In early April 2019, Bunny's Factoring received its monthly bank statement showing...
Problem 6 (7 marks) In early April 2019, Bunny's Factoring received its monthly bank statement showing a debit balance of $342 at 31 March 2019. On 31 March 2019, $720 cash received from debtors was not yet deposited at the bank. There were two unpresented cheques: Cheque no. 100 for $132, and no. 105 for $110. One dishonoured cheque for $250 from Hamster Ltd was returned by the bank. Cheque no. 110 issued for payment of rent for $400 appeared...
FALL Асен Bank Reconciliation SATLY II Company has a cash balance in statement for the date...
FALL Асен Bank Reconciliation SATLY II Company has a cash balance in statement for the date shows a balance of 4 not yet cleared the bank. Also a deposit in the amoun y has a cash balance in its hooks on December 31. in the amount of $4,000. The bank same date shows a balance of $4900 Itc hserved that cheques in the amount of $500 had bank. Also a deposit in the amount of $400 was made late on...
FINTECH LIMITED BANK RECONCILIATION STATEMENT You are working as an Accounts Manager in Fintech Limited. Assume...
FINTECH LIMITED BANK RECONCILIATION STATEMENT You are working as an Accounts Manager in Fintech Limited. Assume that the month of August 2017 has just ended and you received a bank statement showing an overdraft balance of £20,000. The balance recorded in the company's cash book is a credit balance of £ 12,100. 1) Lodgements not yet cleared by the bank (i.e. payments recorded in the cash book but not recorded in the bank statement) £ 24,300 2) Cheques not yet...
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...
(c) Patapaa Transporters – Bank and cash You are the external auditor of Patapaa Transporters, a...
(c) Patapaa Transporters – Bank and cash You are the external auditor of Patapaa Transporters, a public limited company. The company’s year-end is 31 December. The bank and cash figure included in Patapaa Transporters’ draft financial statements is comprised of a number of bank account balances. The finance director has informed you that all accounts have been reconciled as at the year end. The following is a reconciliation statement of one of the accounts. Patapaa Transporters Bank reconciliation as at...
Hi, Can you help me doing the bank reconciliation from bank balance statement and book balance statement? Please explai...
Hi,
Can you help me doing the bank reconciliation from bank
balance statement and book balance statement?
Please explain why 11,352 is not included in the bank
reconciliation? I checked the answer key but they didn't include
that number.
Thanks
AP6-2 (Preparation of bank reconciliation) Infinity Emporium Company received the monthly statement for its bank account, showing a balance of $66,744 on August 31. The balance in the Cash account in the company's accounting system at that date was $71,952....
i need help preparing a bank reconciliation, journal entries and analysis. CHAPTER Internal Control and Cash...
i
need help preparing a bank reconciliation, journal entries and
analysis.
CHAPTER Internal Control and Cash Ish on August 31 • Che bog Problem 7-RA Preparing a bank reconciliation and recording adjustments to CHECK FIGURE: Adjusted book balance, 54.8715 er Company reconciled its bank and book statement balances of Cash on A que outstanding at that time for $6,220.00 and $893 for $1.485.65 The following information was available for the September 20, reconciliati From the September 30, 2020, bank statement...
Required: 1. Prepare a corrected bank reconciliation statement showing both balances adjusted over/(short) 2. Prepare the...
Required:
1. Prepare a corrected bank reconciliation statement showing
both balances adjusted over/(short)
2. Prepare the necessary compound adjusting entries.
P
is Philippine Peso (Philippine Currency)
197,054.64 2,288.52 4.881.60 BANK RECON 2 The following bank recon is prepared by a cashier. Balance per books Add: Outstanding checks 0223 0225 0227 Unrecorded debit Less: Undeposited receipts Unrecorded credit Correct cash balance 1.983.48 9.153.60 1.224.00 (32.110.241 (1,624.00) 171.498.00 Additional information: a The Cash book balance included undeposited receipts. b Acredit of P3,624...
Personal financing - First Blank --> date on the bank statement OR Reconciliation date Second blank...
Personal financing - First Blank --> date on the bank
statement OR Reconciliation date
Second blank --> Monthly or Quarterly
Please show your work.
Fourth State Bank of San Francisco, CA Statement of Account June 2011 Samuel Smythe 550 Angel Street San Francisco, CA Account 348596 Balance Date Subtractions Additions 1,246.00 6-01 6-01 6-03 Description Previous balance Deposit Check 900 500.00 1,746.00 550.00 1.196.00 Withdrawals Date Jun-01 Jun-03 Balance $1,746.00 1,196.00 Samuel's Account Ledger Transaction Description Deposit Deposit - Payroll...
Problem 6 (7 marks) In early April 2019, Bunny's Factoring received its monthly bank statement showing a debit balance of $342 at 31 March 2019. On 31 March 2019, $720 cash received from debtors was not yet deposited at the bank. There were two unpresented cheques: Cheque no. 100 for $132, and no. 105 for $110. One dishonoured cheque for $250 from Hamster Ltd was returned by the bank. Cheque no. 110 issued for payment of rent for $400 appeared...
FALL Асен Bank Reconciliation SATLY II Company has a cash balance in statement for the date shows a balance of 4 not yet cleared the bank. Also a deposit in the amoun y has a cash balance in its hooks on December 31. in the amount of $4,000. The bank same date shows a balance of $4900 Itc hserved that cheques in the amount of $500 had bank. Also a deposit in the amount of $400 was made late on...
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...
Hi,
Can you help me doing the bank reconciliation from bank
balance statement and book balance statement?
Please explain why 11,352 is not included in the bank
reconciliation? I checked the answer key but they didn't include
that number.
Thanks
AP6-2 (Preparation of bank reconciliation) Infinity Emporium Company received the monthly statement for its bank account, showing a balance of $66,744 on August 31. The balance in the Cash account in the company's accounting system at that date was $71,952....
i
need help preparing a bank reconciliation, journal entries and
analysis.
CHAPTER Internal Control and Cash Ish on August 31 • Che bog Problem 7-RA Preparing a bank reconciliation and recording adjustments to CHECK FIGURE: Adjusted book balance, 54.8715 er Company reconciled its bank and book statement balances of Cash on A que outstanding at that time for $6,220.00 and $893 for $1.485.65 The following information was available for the September 20, reconciliati From the September 30, 2020, bank statement...
Required:
1. Prepare a corrected bank reconciliation statement showing
both balances adjusted over/(short)
2. Prepare the necessary compound adjusting entries.
P
is Philippine Peso (Philippine Currency)
197,054.64 2,288.52 4.881.60 BANK RECON 2 The following bank recon is prepared by a cashier. Balance per books Add: Outstanding checks 0223 0225 0227 Unrecorded debit Less: Undeposited receipts Unrecorded credit Correct cash balance 1.983.48 9.153.60 1.224.00 (32.110.241 (1,624.00) 171.498.00 Additional information: a The Cash book balance included undeposited receipts. b Acredit of P3,624...
Personal financing - First Blank --> date on the bank
statement OR Reconciliation date
Second blank --> Monthly or Quarterly
Please show your work.
Fourth State Bank of San Francisco, CA Statement of Account June 2011 Samuel Smythe 550 Angel Street San Francisco, CA Account 348596 Balance Date Subtractions Additions 1,246.00 6-01 6-01 6-03 Description Previous balance Deposit Check 900 500.00 1,746.00 550.00 1.196.00 Withdrawals Date Jun-01 Jun-03 Balance $1,746.00 1,196.00 Samuel's Account Ledger Transaction Description Deposit Deposit - Payroll...
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