6. Randy Houck deposited his paycheck (bank 64-931) for $385.15, a refund check (bank 15-641) from a mail order purchase for $125.95, and 1 twenty dollar bill, 7 one-dollar bills and 2 dimes. He does not want any cash back. Cash Cents Currency Coins Checks List Separately 64-931 Dollars Subtotal Less Cash Received Total Deposit 548 30

6. Randy Houck deposited his paycheck (bank 64-931) for $385.15, a refund check (bank 15-641) from a mail order purchase for $125.95, and 1 twenty dollar bill, 7 one-dollar bills and 2 dimes. He does not want any cash back. Cash Cents Currency Coins Checks List Separately 64-931 Dollars Subtotal Less Cash Received Total Deposit 548 30

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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PA10. 8.6 Susan’s Dress Shop deposits all receipts to the bank each evening and makes all payments by check. On November 30, its book balance of cash was $5,375.05. The bank statement balance of cash as of November 30 is $5,784.77. Use the following information to complete a bank reconciliation: The company has the following outstanding checks: no. 227 for $125.87, no. 230 for $155, no. 231 for $132, no. 232 for $218 and no. 234 for $128.85 A deposit of $945 was delivered to the bank after business hours on November 30 and did not appear on the bank statement Upon review of the bank statement an error was uncovered. Check no. 233 for $89 was written correctly, but recorded in the company’s records as $98. Bank service charges of $29 are reported by the bank (Continued on next page) In the bank statement is a note stating that the bank collected $600 payments) from the credit card company as well as $15 in interest. This transaction is on the bank statement but not in the company’s…
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BMI Inc's March 31 bank statement balance was $70,000. As of March 31, outstanding checks total $22,000 and deposits in transit total $15,000 and a bank service charge of $150. Assuming there are no other reconciling items, what was the March 31 cash balance on Trane's book? A.$77,00 B.$63,000 C.$70,000 D.$107,000
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The bank reconciliation for Widgets Inc. included the following items: $30 bank service charge; NSF check of $275; bank error of $30; EFT collection from a customer for $2,335. Based on the information, Widgets Inc. will adjust cash by what amount? O $1,480 O $2,030 O $2,000 O $2,060
Q. 15.. The check register for Promotions, Inc. showed a balance of $5,684.37. The bookkeeper then made a deposit of $6,753.91. The bookkeeper then wrote checks for $1,704. 12, $1,600.32, and $2,110.14. Compute the new cash balance shown in the check register.
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A. Started a petty cash fund in the amount of $550.B. Replenished petty cash fund using the following expenses: Auto Expense $22, Office Expense $45, Postage Expense $24, Miscellaneous Expense $33. Cash on hand is $426.C. The company has decided to reduce the petty cash fund to $350. Record these transactions. If an amount box does not require an entry, leave it blank. A. - Select - - Select - - Select - - Select - B. - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - C. - Select - - Select -
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Using the following information: The bank statement balance is $5,175. The cash account balance is $5,503. Outstanding checks amounted to $712. Deposits in transit are $998. The bank service charge is $33. A check for $76 for supplies was recorded as $67 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co.Bank ReconciliationMay 31 Cash balance according to bank statement $fill in the blank 1 Adjustments: $- Select - - Select - Total adjustments fill in the blank 6 Adjusted balance $fill in the blank 7 Cash balance according to company's records $fill in the blank 8 Adjustments: $- Select - - Select - Total adjustments fill in the blank 13 Adjusted balance $fill in the blank 14
I need help with A, B and C please