I need help with question is solution A COMPANY RECEIVED A BANK STATEMENT SHOWING A BALANCE OF $75,100.RECONCILING ITEMS INCLUDED OUTSTANDING CHECKS OF $2,250 AND A DEPOSIT INTRANSIT OF $9,500. WHAT IS THE COMPANY'S ADJUSTED BANK BALANCE?$63,350B) $67,850C) $65,600D) $82,350

Step 1: Introduction to the Bank Reconciliation:The bank reconciliation is a process of checking the…

Answered: A COMPANY RECEIVED A BANK STATEMENT…

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter8: Budgets And Bank Reconciliations

Section: Chapter Questions

Problem 1.10C

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Using the following information, prepare a bank reconciliation. Bank balance: $7,651 Book balance: $10,595 Deposits in transit: $2,588 Outstanding checks: $489 Interest income: $121 NSF check: $966
Using the following information, prepare a bank reconciliation. Bank balance: $4,021 Book balance: $2,928 Deposits in transit: $1,111 Outstanding checks: $679 Bank charges: $35 Notes receivable: $1,325; interest: $235
The bank reconciliation shows the following adjustments. Deposits in transit: $1,698 Notes receivable collected by bank: $2,500; interest: $145 Outstanding checks: $987 Error by bank: $436 Bank charges: $70 Prepare the correcting journal entry.
The bank reconciliation revealed that one deposit had cleared the bank two weeks after the date of the deposit. Should this be of concern? Why, or why not?
Hajun Company received the following bank statement. Using the information from PB9 and PB10, prepare the bank reconciliation.
The bank reconciliation shows the following adjustments. Deposits in transit: $526 Outstanding checks: $328 Bank charges: $55 NSF checks: $69 Prepare the correcting journal entry.
Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book balance: $13,744. Deposits in transit: $2,509. Outstanding checks: $1,777. Bank charges: $125. Bank incorrectly charged the account for $412. The bank will correct the error next month. Check number 1879 correctly cleared the bank in the amount of $562 but posted in the accounting records as $652. This check was expensed to Utilities Expense.
The bank reconciliation shows the following adjustments: Deposits in transit: $1,234 Outstanding checks: $558 Bank service charges: $50 NSF checks: $250 Prepare the correcting journal entry.
What is the journal entry to record an NSF check, from J. Smith for 250, that is returned with the bank statement? a. Cash 250 DR; NSF Check 250 CR b. Accounts Receivable 250 DR; Cash 250 CR c. NSF Check 250 DR; Accounts Receivable 250 CR d. Cash 250 DR; Accounts Receivable 250 CR e. Cash 250 DR; Miscellaneous Expense 250 DR
a company recueived a bank stattement with abalance $5350. reconciling items included a book keeper error of $200 ( a $300 check recorded as $500), two outstanding checks totaling $720 a service charge of $15, a de in transit of $180, and interest revenue of $21. what is the adjustment bank balance?
A company received a bank statement with a balance of $6,100. Reconciling items included a bookkeeper error of $300—a $300 check recorded as $800—two outstanding checks totaling $830, a service charge of $20, a deposit in transit of $250, and interest revenue of $21. What is the adjusted bank balance? A. $5,220 B. $5,061 C. $5,520 D. $4,721
Using the following information, prepare a bank reconciliation for Sunland Company for July 31, 2022. The bank statement balance is $3,770. The cash account balance is $4,170. Outstanding checks totaled $1,360. a. b. C. d. e. f. Deposits in transit are $1,670. The bank service charge is $54. A check for $95 for supplies was recorded as $59 in the ledger.

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A COMPANY RECEIVED A BANK STATEMENT SHOWING A BALANCE OF $75,100. RECONCILING ITEMS INCLUDED OUTSTANDING CHECKS OF $2,250 AND A DEPOSIT IN TRANSIT OF $9,500. WHAT IS THE COMPANY'S ADJUSTED BANK BALANCE? $63,350 B) $67,850 C) $65,600 D) $82,350