Haverman Company maintains a checking account at the Commerce Bank. At July 31, selected data from...
Problem 7-5A Rodriguez Company maintains a checking account at the Imura Bank. At July 31, selected data from the ledger balance and the bank statement are shown below. Cash in Bank Per Books Per Bank Balance, July 1 July recelpts July credits July disbursements July debits Balance, July 31 $17,708 81,508 77,258 $21,958 $15,908 83,578 74 ,8б4 Analysis of the bank data reveals that the credits consist of $78,991 of July deposits and a credit memorandum of $4,587 for the...
Rodriguez Company maintains a checking account at the Imura Bank. At July 31, selected data from the ledger balance and the bank statement are shown below. Cash in Bank Per Books Per Bank Balance, July 1 $17,770 $15,970 July receipts 81,570 July credits 83,649 July disbursements 77,320 July debits 74,926 Balance, July 31 $22,020 $24,693 Analysis of the bank data reveals that the credits consist of $79,000 of July deposits and a credit memorandum of $4,649 for the collection of...
Please provide workings!! Thanks :) P7-5A Rodriguez Company maintains a checking account at the Imura Bank. At July 31, selected data from the ledger balance and the bank statement are shown below. Cash in Bank Per Books $17,600 81,400 Balance, July 1 July receipts Julv credits July disbursements July debits Balance, July 31 Per Bank $15,800 83,470 74,756 $24,514 77,150 $21,850 Analysis of the bank data reveals that the credits consist of $79,000 of July deposits and a credit memorandum...
PS 5A Rodrid selected data from Prepare a bank reconciliation and adjusting entries. (L03) Rodriguez Company maintains a checking account at the Imura Bank. At July 31. data from the ledger balance and the bank statement are shown below. Cash in Bank Per Books Per Bank Balance, July 1 $17.600 $15,800 July receipts 81,400 July credits 83,470 July disbursements 77,150 July debits 74,756 Balance, July 31 $21,850 $24,514 Jusis of the bank data reveals that the credits consist of $79,000...
Instructions a) Determine deposits in transit. Spade Inc.'s bank statement from Hollow Bank at July 31, 2019, gives the following information. $18,400 71,000 68,678 $ Balance, July 1 August deposits Checks cleared in July Bank credit memorandum: Interest earned 25 Bank debit memorandum: Safety deposit box fee Service charge Balance, July 31 50 20,692 45 A summary of the Cash account in the ledger for July shows the following: balance, July 1, $18,700, receipts $74,000; disbursements $73,570; and balance, July...
El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each month. The November 30, 2021, reconciliation of the bank balance is as follows: Balance per bank, November 30 $ 3,241 Add: Deposits outstanding 1,210 Less: Checks outstanding #363 $ 124 #365 202 #380 57 #381 87 #382 350 (820 ) Adjusted balance per bank, November 30 $ 3,631 The company’s general ledger checking account showed the following for December: Balance,...
Harrison Company maintains a checking account at the First National City Bank. The bank provides a bank statement along with canceled checks on the last day of each month. The July 2021 bank statement included the following information: Balance, July 1, 2021 Deposita Checks processed Service charges NSF checks Monthly payment on note, deducted directly by bank from account (includes $870 in interest) Balance, July 31, 2021 $ 56,103 180.400 (193,510) (75) (1,650) (3.770) The company's general ledger account had...
Sage Hill Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,635 Bank debit memorandum: August deposits 71,235 Safety deposit box fee $ 40 Checks cleared in August 68,663 Service charge 65 Bank credit memorandum: Balance, August 31 21,162 Interest earned 60 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,935; receipts $74,235; disbursements $73,555; and balance, August 31, $19,615. Analysis reveals...
The Fitzgerald Company maintains a checking account at the Bank of the North. The bank provides a bank statement along with canceled checks on the last day of each month. The October 31, 2016, bank statement included the following information: Balance, October 1, 2016 Deposits Checks processed Service charges NSF checks Monthly loan payment deducted directly by bank from account (includes $440 in interest) $ 32,730 88,000 (77,200) (390) (1,640) (3,840) Balance, October 31, 2016 $ 37,660 The company's general...
The following information pertains to Bonita Video Company. 1. Cash balance per bank, July 31, $8,203. 2. July bank service charge not recorded by the depositor $37. 3. Cash balance per books, July 31, $8,224. 4. Deposits in transit, July 31, $1,970. 5. Bank collected $1,370 note for Bonita in July, plus interest $45, less fee $29. The collection has not been recorded by Bonita, and no interest has been accrued. 6. Outstanding checks, July 31, $600. Prepare a bank...