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Using the following information, prepare a bank reconciliation Bank balance: $12.565. • Book balance: $13,744 •...
EA11. LO 8.6 Using the following information, prepare a bank reconciliation. • Bank balance: $6,988 •...
EA11. LO 8.6 Using the following information, prepare a bank reconciliation. • Bank balance: $6,988 • Book balance: $6,626 • Deposits in transit: $1,600 • Outstanding checks: $599 and $1,423 • Bank charges: $75 • Bank incorrectly charged the account $75. The bank will correct the error next month. • Check number 2456 correctly cleared the bank in the amount of $234 but posted in the accounting records as $324. This check was expensed to Utilities Expense. EA12. LO 8.6...
Exercise 4-44 (Algorithmic) Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of...
Exercise 4-44 (Algorithmic) Bank Reconciliation Johnson Corporation's bank statement for October reports an ending balance of $21,676, whereas Johnson's cash account shows a balance of $21,220 on October 31. The following additional information is available: A $755 deposit made on October 31 was not recorded by the bank until November. At the end of October, outstanding checks total $1,222. The bank statement shows bank service charges of $125 not yet recorded by the company. The company erroneously recorded as $973...
Prepare Journal Entries for Bank Reconciliation 1. Based on the bank reconciliation, prepare the journal entries....
Prepare Journal Entries for Bank Reconciliation 1. Based on the bank reconciliation, prepare the journal entries. If an amount box does not require an entry, leave it blank. Lisa Chai Associates Bank Reconciliation July 31, 20 - - Bank statement balance, July 31 $2,764.40 Add deposits in transit $250.00 98.00 348.00 $3,112.40 Deduct outstanding checks: No. 296 $103.50 No. 299 17.80 No. 301 33.20 154.50 Adjusted bank balance $2957.90 Book balance, July 31 $3,084.90 Add error on Check No. 291*...
Robert's Company gathered the following reconciling info. in preparing it's May bank reconciliation: Book balance at...
Robert's Company gathered the following reconciling info. in preparing it's May bank reconciliation: Book balance at May 31, $4550, Bank balance at May, 31, $6025, Deposits in transit, not recorded by the bank of $425, Deposit of $650 incorrectly recorded by the as $560, Check #342 for $410 was incorrectly recorded by the company as $140, Outstanding checks of $2220, and NSF check of $140 was returned by the bank to the company. The adjusted cash balance according to the...
Using the following information: The bank statement balance is $4,690. The cash account balance is $5,080....
Using the following information: The bank statement balance is $4,690. The cash account balance is $5,080. Outstanding checks amounted to $715. Deposits in transit are $1,020. The bank service charge is $40. A check for $72 for supplies was recorded as $27 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement $ Add deposits in transit not recorded by bank $ Deduct outstanding checks...
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at june...
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at june 30 $9,172.54 Balance per Cash account, June 30. Balance per bank statement,June 30. Deposits not reflected on bank statement Outstanding checks, June 30. Service charge on bank statement not recorded in books Error by bank-Yertel Company check charged on oung Company's bank statement Check for advertising expense incorrectly recorded in books as 14.3 715 YOUNG COMPANY Bank Reconciliation June 30 0Balance from general ledger...
Emirates College of Technology We repure ar l a Group Work #2 Question : bank reconciliation...
Emirates College of Technology We repure ar l a Group Work #2 Question : bank reconciliation statement RED TECH developed the following information in recording its bank statement for the month of March Balance per books March 31 Balance per bank statement March 31 $ 8,905 $10,900 (1) Checks written in March but still outstanding $4,000. OU (2) Checks written in February but still outstanding $2,800. (3) Deposits of March 30 and 31 not yet recorded by bank $5,200. (4)...
Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as...
Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as follows. Cash balance per bank $5,300 1,570 Add: NSF check Less: Bank service charge 35 Adjusted balance per bank $6,835 $5,705 750 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books 1,950 $6,905 Prepare a correct bank reconciliation. (List items that increase cash balance first.)
Blue Company is unable to reconcile the bank balance at January 31. Blue’s reconciliation is as...
Blue Company is unable to reconcile the bank balance at January 31. Blue’s reconciliation is as follows. Cash balance per bank $5,300 Add: NSF check 1,490 Less: Bank service charge 25 Adjusted balance per bank $6,815 Cash balance per books $5,905 Less: Deposits in transit 950 Add: Outstanding checks 1,860 Adjusted balance per books $6,815 Prepare a correct bank reconciliation. (List items that increase cash balance first.)
Blossom Food Store used the following information in recording its bank reconciliation for the month of...
Blossom Food Store used the following information in recording its bank reconciliation for the month of April. Balance per books April 30 Balance per bank statement April 30 $870 $13,100 (1) (2) (3) (4) (5) Checks written in April but still outstanding $6,600. Checks written in March but still outstanding $4,200. Deposits of April 30 not yet recorded by bank $4,600. NSF check of customer returned by bank $750. Check No. 210 for $694 was correctly issued and paid by...
EA11. LO 8.6 Using the following information, prepare a bank reconciliation. • Bank balance: $6,988 • Book balance: $6,626 • Deposits in transit: $1,600 • Outstanding checks: $599 and $1,423 • Bank charges: $75 • Bank incorrectly charged the account $75. The bank will correct the error next month. • Check number 2456 correctly cleared the bank in the amount of $234 but posted in the accounting records as $324. This check was expensed to Utilities Expense. EA12. LO 8.6...
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at june 30 $9,172.54 Balance per Cash account, June 30. Balance per bank statement,June 30. Deposits not reflected on bank statement Outstanding checks, June 30. Service charge on bank statement not recorded in books Error by bank-Yertel Company check charged on oung Company's bank statement Check for advertising expense incorrectly recorded in books as 14.3 715 YOUNG COMPANY Bank Reconciliation June 30 0Balance from general ledger...
Emirates College of Technology We repure ar l a Group Work #2 Question : bank reconciliation statement RED TECH developed the following information in recording its bank statement for the month of March Balance per books March 31 Balance per bank statement March 31 $ 8,905 $10,900 (1) Checks written in March but still outstanding $4,000. OU (2) Checks written in February but still outstanding $2,800. (3) Deposits of March 30 and 31 not yet recorded by bank $5,200. (4)...
Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as follows. Cash balance per bank $5,300 1,570 Add: NSF check Less: Bank service charge 35 Adjusted balance per bank $6,835 $5,705 750 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books 1,950 $6,905 Prepare a correct bank reconciliation. (List items that increase cash balance first.)
Blossom Food Store used the following information in recording its bank reconciliation for the month of April. Balance per books April 30 Balance per bank statement April 30 $870 $13,100 (1) (2) (3) (4) (5) Checks written in April but still outstanding $6,600. Checks written in March but still outstanding $4,200. Deposits of April 30 not yet recorded by bank $4,600. NSF check of customer returned by bank $750. Check No. 210 for $694 was correctly issued and paid by...
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