Accurate answer A company's Cash account shows anending balance of $4,850. Reconcilingitems included a bookkeeper error of$125 (a $525 check recorded as $630),two outstanding checks totaling $810, aservice charge of $28, a deposit intransit of $270, and interest revenue of$43. What is the adjusted book balance?

Explanation of Book Balance: This is the amount of cash that appears in a company's general ledger…

Answered: A company's Cash account shows an…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 3E

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A company's Cash account shows an ending balance of $4,850. Reconciling items included a bookkeeper error of $125 (a $525 check recorded as $630), two outstanding checks totaling $810, a service charge of $28, a deposit in transit of $270, and interest revenue of $43. What is the adjusted book balance?
Book Balance?
CAn you please answer. General Account
What is the adjusted book balance?
A company’s bank statement balance is $4,500 and shows a service charge of $15,interest earned of $5, and an NSF check for $300. Deposits in transit total $1,200;outstanding checks are $575. The company’s bookkeeper erroneously recorded acheck received from a customer as a $152 check when it was actually a $125 check.This created a book error of $27.(1) What is the adjusted bank balance?(2) What was the book balance of cash before the reconciliation?
A check register shows a balance of $484.95. The bank statement shows a cash balance of $506.27. The check register shows an outstanding check for $27.82. The bank statement shows a service charge of $6.50. Compute the adjusted balance of the check register and the bank statement. 467.45 578.45 None of the above 487.45 $478.45
On March 1, your checkbook balance is $565.02, and the bank statement balance is $464.07. An examination of the checkbook register reveals that a debit purchase for $45.09 was incorrectly entered as $54.09, and check #341 for $17.60 was not entered at all. A deposit for $150.65 was entered twice. The bank statement indicates that interest earned was $2.20, and the ATM service charge was $3.05. Outstanding checks were #228 for $30.09, #230 for $19.81, and #231 for $9.25. Question 1 Check #341 not entered was Answers A. added to the bank statement balance. B. deducted from the checkbook balance. C. added to the checkbook balance. D. deducted from the bank statement balance. Question 2 What is the available bank balance? Answers A. $404.92 B. $402.72 C. $515.57 D. $407.97 On July 31, your checkbook balance is $953.12, and the bank statement balance is $1219.51. An examination of the checkbook register reveals that check…
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
On June 30, the check register balance is $391.04. The service charge is $4.10, and interest earned is $1.23. Check #124 for $9.53 was not entered, and a debit purchase for $15.75 was incorrectly entered as $17.55. A deposit for $81.70 was not entered. Question 1 What is the total amount that should be deducted from the checkbook register balance? Answers A. $129.86 B. $31.18 C. $29.38 D. $19.85 Question 2 What is the corrected checkbook balance? Answers A. $465.14 B. $481.20 C. $462.14 D. $261.18 Question 3 On April 1, your checkbook balance is $442.22, and the bank statement balance is $542.33. The service charge is $2.80, and interest earned is $1.57. Outstanding are check #131 for $53.34 and debit purchases of $18.92 and $29.08. What is your available bank balance? Answers A. $440.99 B. $442.22 C. $437.85 D. $443.45
A company's Cash account shows an ending balance of $4,600. Reconciling items included a bookkeeper error of $105 (a $525 check recorded as $630), two outstanding checks totaling $810, a service charge of $20, a deposit in transit of $270, and interest revenue of $31. What is the adjusted book balance? A. $4,716 B. $4,060 C. $5,140 D. $ 4,484
On March 31, Sigment Company had a $44,547.60 checkbook balance. The bank statement showed a balance on that date of $46,574.10, and the following information on the bank statement had not been entered in the checkbook: $24.75 Service charge $68.85 NSF charge A review of the company’s bank statement and checkbook showed a deposit in transit of $3,919.44 and outstanding checks as follows: Number 234 for $281.34 Number 236 for $445.12 Number 237 for $2,901.60 Number 238 for $2,411.48 Prepare a bank reconciliation in proper format. List and total the outstanding checks at the bottom of the bank reconciliation.
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