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Teng Corporation received a bank statement showing a balance of $14.550 as of October 31, 2019. The firm's records showed a book balance of $14.139 on October 31. The difference between the two balances was caused by the following items 1. A debit memorandum for an NSF check from Richard Wolf for $421. 2. Three outstanding checks: Check 7017 for $121, Check 7098 for $52, and Check 7107 for $1,530, 3. A bank service charge of $17. 4. A deposit...
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Record the returned check. Note: Enter debits before credits. General Journal Debit Credit Date Oct 31, 2019 Record entry Clear entry View general journal Teng Corporation received a bank statement showing a balance of $15,700 as of October 31, 2019. The firm's records showed a book balance of $15,262 on October 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for an NSF check from Richard Wolf for $332 2. Three outstanding...
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On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,800. The balance in the firm's checkbook and Cash account on the same date was $10,370. The difference between the two balances is caused by the items listed below. a. A $2,925 deposit made on March 30 does not appear on the bank statement. b. Check 358 for $510 issued on March 29 and Check 359 for $1,700 issued on March 30 have not yet...
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October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance wing the cash records, the business identified outstanding checks totaling $455 and a deposit in transito 31 balance of $2,122 conciliation 0 Requirements 1. Prepare the bank reconciliation at October 31. 2. Journalize any transactions required from the bank reconciliation Print Done k Check Answer Clear All care 5 checks Expense and creang Cuthor , 30 dage for these The business Cashcourt shows in...
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Florence Company received a bank statement showing a balance of $12,600 on November 30, 2019. During the bank reconciliation process, Florence's accountant noted the following bank errors: 1. A check for $149 issued by Florentine, Inc., was mistakenly charged to Florence Company's account 2. Check 2782 was written for $200 but was paid by the bank as $1,200. 3. Check 2920 for $83 was paid by the bank twice. 4. A deposit for $580 on November 22 was credited by...
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Vern Knight Corporation operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $915. Listed on the statement are an EFT rent collection of $435, a service charge of $10, checks totaling $90, and a $25 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $450 and a deposit in transit of $1,770. During October, the business recorded...
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Di Stefano Office Supply Company received a bank statement
showing a balance of $67,605 as of March 31, 2019. The firm’s
records showed a book balance of $69,439 on March 31. The
difference between the two balances was caused by the following
items.
A debit memorandum for $42, which covers the bank’s collection
fee for the note (item 6).
A deposit in transit of $3,300.
A check for $240 issued by another firm that was mistakenly
charged to Di Stefano’s...
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800 In October 2019, Old City Antiques checking account at Barnett Bank. The bank statement dated October 31, 2019 for Old City Antiques follows: Beginning Balance, October 1, 2019 Deposits and other credits Oct. 2 $36.000 10 14.000 52.000 24. EFT St. Augustine Hotel 450 31. Interest revenue 50 103,300 Checks and other debits Oct. 2 EFT to FPL (utilities) 6 Ck#325 3.415 10 Ck8327 10 Ck8326 2.700 27 Ck#329 1,925 27 EFT to ATT 28 Ck340 295 31 Bank...
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Di Stefano Office Supply Company received a bank statement showing a balance of $67,605 as of March 31, 2019. The firm's records showed a book balance of $69.439 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $42, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,300. 3. A check for $240 issued by another firm that was mistakenly charged...
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Exercise 4-44 Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of $22,381, whereas Johnson's cash account shows a balance of $22,025 on October 31. The following additional information is available: a. A $855 deposit made on October 31 was not recorded by the bank until November b. At the end of October, outstanding checks total $1,222. C. The bank statement shows bank service charges of $125 not yet recorded by the company. d. The company erroneously...
Teng Corporation received a bank statement showing a balance of $14.550 as of October 31, 2019. The firm's records showed a book balance of $14.139 on October 31. The difference between the two balances was caused by the following items 1. A debit memorandum for an NSF check from Richard Wolf for $421. 2. Three outstanding checks: Check 7017 for $121, Check 7098 for $52, and Check 7107 for $1,530, 3. A bank service charge of $17. 4. A deposit...
Record the returned check. Note: Enter debits before credits. General Journal Debit Credit Date Oct 31, 2019 Record entry Clear entry View general journal Teng Corporation received a bank statement showing a balance of $15,700 as of October 31, 2019. The firm's records showed a book balance of $15,262 on October 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for an NSF check from Richard Wolf for $332 2. Three outstanding...
On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,800. The balance in the firm's checkbook and Cash account on the same date was $10,370. The difference between the two balances is caused by the items listed below. a. A $2,925 deposit made on March 30 does not appear on the bank statement. b. Check 358 for $510 issued on March 29 and Check 359 for $1,700 issued on March 30 have not yet...
October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance wing the cash records, the business identified outstanding checks totaling $455 and a deposit in transito 31 balance of $2,122 conciliation 0 Requirements 1. Prepare the bank reconciliation at October 31. 2. Journalize any transactions required from the bank reconciliation Print Done k Check Answer Clear All care 5 checks Expense and creang Cuthor , 30 dage for these The business Cashcourt shows in...
Florence Company received a bank statement showing a balance of $12,600 on November 30, 2019. During the bank reconciliation process, Florence's accountant noted the following bank errors: 1. A check for $149 issued by Florentine, Inc., was mistakenly charged to Florence Company's account 2. Check 2782 was written for $200 but was paid by the bank as $1,200. 3. Check 2920 for $83 was paid by the bank twice. 4. A deposit for $580 on November 22 was credited by...
Vern Knight Corporation operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $915. Listed on the statement are an EFT rent collection of $435, a service charge of $10, checks totaling $90, and a $25 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $450 and a deposit in transit of $1,770. During October, the business recorded...
Di Stefano Office Supply Company received a bank statement
showing a balance of $67,605 as of March 31, 2019. The firm’s
records showed a book balance of $69,439 on March 31. The
difference between the two balances was caused by the following
items.
A debit memorandum for $42, which covers the bank’s collection
fee for the note (item 6).
A deposit in transit of $3,300.
A check for $240 issued by another firm that was mistakenly
charged to Di Stefano’s...
800 In October 2019, Old City Antiques checking account at Barnett Bank. The bank statement dated October 31, 2019 for Old City Antiques follows: Beginning Balance, October 1, 2019 Deposits and other credits Oct. 2 $36.000 10 14.000 52.000 24. EFT St. Augustine Hotel 450 31. Interest revenue 50 103,300 Checks and other debits Oct. 2 EFT to FPL (utilities) 6 Ck#325 3.415 10 Ck8327 10 Ck8326 2.700 27 Ck#329 1,925 27 EFT to ATT 28 Ck340 295 31 Bank...
Di Stefano Office Supply Company received a bank statement showing a balance of $67,605 as of March 31, 2019. The firm's records showed a book balance of $69.439 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $42, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,300. 3. A check for $240 issued by another firm that was mistakenly charged...
Exercise 4-44 Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of $22,381, whereas Johnson's cash account shows a balance of $22,025 on October 31. The following additional information is available: a. A $855 deposit made on October 31 was not recorded by the bank until November b. At the end of October, outstanding checks total $1,222. C. The bank statement shows bank service charges of $125 not yet recorded by the company. d. The company erroneously...