At April 30, Novak Corp. has the following bank information: Cash balance per bank $4400 Outstanding checks $310 Deposits in transit $650 Credit memo for interest $10 Bank service charge $20 What is Novak adjusted cash balance on April 30?

At April 30, Novak Corp. has the following bank information: Cash balance per bank $4400 Outstanding checks $310 Deposits in transit $650 Credit memo for interest $10 Bank service charge $20 What is Novak adjusted cash balance on April 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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Humaid Company had the following information related to January 2020: Cash balance per books, 31/1 RO 9,500 Deposits in transit 120 interest collected by bank 800 Bank service charges 60 Outstanding checks 2,900 NSF check 230 The adjusted cash balance per books on January 31 should be: Select one: a. c. RO 7,310. b. d. RO 6,990. c. b. RO 9,020. d. a. RO 10,920. e. None of the answers are correct
Using the following information: The bank statement balance is $4,256. The cash account balance is $4,421. Outstanding checks amounted to $878. Deposits in transit are $1,008. The bank service charge is $26. A check for $35 for supplies was recorded as $26 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: $fill in the blank 3 fill in the blank 5 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: $fill in the blank 10 fill in the blank 12 Total adjustments fill in the blank 13 Adjusted balance $fill in the blank 14
Given this book and bank statement information, create an October bank reconciliation for Arrowhead company. And the journal entries required for the book side. BOOK INFO: Cash Date Debit Credit Balance 10/1/2020 Beginning Balance 8,259.86 10/1/2020 Ck 10102 Accounts Payable 1,374.12 6,885.74 10/2/2020 Ck 10103 Rent 3,420.00 3,465.74 10/2/2020 Ck 10104 Utilities 689.00 2,776.74 10/4/2020 Deposit 3,743.10 6,519.84 10/4/2020 Ck 10105 Advertising 344.21 6,175.63 10/4/2020 Ck 10106 Subscription 102.84 6,072.79 10/9/2020 Ck 10107 Internet 74.97 5,997.82 10/9/2020 Deposit 4,859.47 10,857.29 10/9/2020 Ck 10108 Telephone 221.00 10,636.29 10/9/2020 Deposit 11,339.64 21,975.93 10/12/2020 Ck 10109 Accounts Payable 1,680.00 20,295.93 10/13/2020 Ck 10110 Wages…
Company's book balance =52,800 Deposit in Transit = 6,300 Outstanding checks = 3,200 Interest earned on checking account =300 Customer NSF check returned by bank =200 Find the adjusted cash balance as at December 31, 2020 as the company was preparing its bank reconciliation statement.
The following extract from the cash book of Jon for the month of January shows thecompany’s bank transactions:RM RM01 Jan Balance b/f 600 18 Jan Ali 14513 Jan Uno 224 28 Jan PBA 7231 Jan Latif 186 30 Jan TNB 10931 Jan Balance c/f 6841,010 1,010…3/-3The company’s bank statement for the same period is as follows:Debit (RM) Credit (RM) Balance (RM)01 Jan Balance 63503 Jan Halim 35 60013 Jan Uno 224 82423 Jan Ali 145 67931 Jan Standing order 30 649Required:a. Prepare a corrected cash book using the information given above b. Draw up a bank reconciliation statement.
Using the following information, determine the adjusted bank balance. Bank balance: $6,925 Deposits in transit: $1,932 Outstanding checks: $584 Interest income: $130 NSF check: $275
At August 31, Saladino Coffee has the following bank information: cash balance per bank Rp5.200.000, outstanding checks Rp1.462.000, deposits in transit Rp1.211.000, and a bank debit memo Rp110.000. Determine the adjusted cash balance per bank at July 31. Cash balance per bank Rp 5.200.000,00 Add : Deposits in Transit Rp 1.211.000,00 Rp 6.411.000,00 Less Outstanding Checks Rp 1.462.000,00 Adjusted cash balance per bank Rp 4.949.000,00 The information below relates to the Cash account in the ledger of Saladino Coffee Balance Rp 10.094.000 Rp 884.000 Collection of electronic funds transfer Interest earned on checking accounts NSF check: R. Doll Rp 26.000 Rp 245.000 Safety deposit box rent Rp 35.000 Cash balance per books Rp10.094.000 Add: *** ... Less NSF Check Rp245.000 Adjusted cash balance per books
Conway Company reported the following information: Cash balance on balance sheet (12/31) $22,066 Pre-reconciliation cash account balance (12/31) 23,916 Bank statement (12/31) 23,220 Bank service charges 350 Bank debit memos (utility payments) 1,500 Deposits in transit (12/31) 9,160 Required: Question Content Area 1. Calculate the amount of outstanding checks as of December 31.
Using the following information: The bank statement balance is $5,289. The cash account balance is $5,764. Outstanding checks amounted to $751. Deposits in transit are $1,174. The bank service charge is $43. A check for $71 for supplies was recorded as $62 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: $fill in the blank 3 fill in the blank 5 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: $fill in the blank 10 fill in the blank 12 Total adjustments fill in the blank 13 Adjusted balance $fill in the blank 14
Suraya Enterprise has a current Bank Kasih Berhad account with Bank Kasih Berhad. Below Bank Statement are the transactions of cash book and Date Details Debit Credit Balance 2021 RM RM RM April bank statement for the month of April Opening balance Cheque - 123123 Deposit Cheque-123125 Cheque-123126 4.550 2021: 850 7,700 2,500 10,200 10 450 9,750 16 500 9,250 Cash Bouk (Bank Column Only) 18 Credit transfer 300 550 Particular Cheque No. Date RM Date Particular Cheque No. RM 9.250 8350 20 Cheque-123127 300 2021 2021 25 Cheque-123128 900 April 1 Balance b/d 3 Hake Trading 8,550 April 2 Prchases 6 Izzat Trading 123123 850 28 Bark charges 80 4.20 2,500 30 Closing balance 123124 500 8,270 12 Joyne 556679 1,660 10 Mamat 123125 450 15 Suhaimi 123126 500 18 Purchases 123127 300 25 Rental 28 Salary 18 Sales 799 123128 960 Additonal Informaton: 123129 2,200 29 Zulaika 1 On 15 April 2021, the accourtant derk wrongly recorded the cheque no. 123126 paid 123130 110 30 Balance c/d 8,639 to Suhaimi for…
Flower company was preparing a bank reconciliation statement as of September 30, 2018. The following were identified: Flower company book balance =$32,800 Deposit in Transit = $4,300 Outstanding checks = $2,200 Interest earned on checking account =$100 Customer NSF check returned by bank =$400 The adjusted cash balance as at September 30, 2018 will be: