14. Given: Bank ending balance of 6250, deposits in transil of 560, outstanding checks of 340, book ending balance of 5028, dividend revenue of 550, a company cost of 470, interest revenue of 622, service charge of 29, NSF of 29, and an EFT payment of 142 What is the correct cash balance? HINT: company cost is added on the book side. Book Bank Ending Balance Ending Balance Dividend Revenue Deposits in Transit Company Cost Outstanding Checks Interest Revenue Adjusted Balance Service Charge NSF EFT Payment Adjusted Balance

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The Paue
14. Given: Bank ending balance of 6250, deposits in transif of 560, outstanding checks of
340, book ending balance of 5028, dividend revenuc of 550, a company cost of 470,
interest revenue of 622, service charge of 29, NSF of 29, and an EFT payment of 142.
What is the correct cash balance? HINT: company cost is added on the book side.
Book
Bank
Ending Balance
Ending Balance
2$
Dividend Revenue
Deposits in Transit
Company Cost
Outstanding Checks
Interest Revenue
Adjusted Balance
Service Charge
NSF
EFT Payment
Adjusted Balance
Kennedy Cotton
ACCT 2010 SL SILeader
Email: kennedy .cotton@unt.edu
15. Hannah Corp.'s ending cash balance is S1000 before adjusting items. The only
adjustments were:
S50 service charge
NSF check for $350
S450 deposit in transit
Outstanding Check totaling S850
What was Hannah's unadjusted bank balance on the bank statement?
Hint: Cash and Bank have to = each other
Bank
CASH
Ending Balance
Ending Balance
$? (what we are finding)
Deposits in Transit
Service Charge
Outstanding Checks
NSF
Adjusted Balance
Adjusted Balance
Transcribed Image Text:The Paue 14. Given: Bank ending balance of 6250, deposits in transif of 560, outstanding checks of 340, book ending balance of 5028, dividend revenuc of 550, a company cost of 470, interest revenue of 622, service charge of 29, NSF of 29, and an EFT payment of 142. What is the correct cash balance? HINT: company cost is added on the book side. Book Bank Ending Balance Ending Balance 2$ Dividend Revenue Deposits in Transit Company Cost Outstanding Checks Interest Revenue Adjusted Balance Service Charge NSF EFT Payment Adjusted Balance Kennedy Cotton ACCT 2010 SL SILeader Email: kennedy .cotton@unt.edu 15. Hannah Corp.'s ending cash balance is S1000 before adjusting items. The only adjustments were: S50 service charge NSF check for $350 S450 deposit in transit Outstanding Check totaling S850 What was Hannah's unadjusted bank balance on the bank statement? Hint: Cash and Bank have to = each other Bank CASH Ending Balance Ending Balance $? (what we are finding) Deposits in Transit Service Charge Outstanding Checks NSF Adjusted Balance Adjusted Balance
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