Part 4. Adjustments for financial statements360Cash at bank as per bank column of the cash book (Dr)Bankings made but not yet entered on bank statementBank charges on bank statement but not yet in cash bookUnpresented cheques W ShuteStanding order to Giffy Ltd entered on bank statement, but not in cash bookCredit transfer from B Barnes entered on bank statement, but not yet in cash book30.3 The following are extracts from the cash book and the bank statement of F Perry.You are required to:(a) Write the cash book up to date, and state the new balance as on 31 December 20X9, and(6) Draw up a bank reconciliation statement as on 31 December 20X9.Cash Book£20X9Dec20X9Dec20X7Jun20X7Jun**"1"**Dr1 Balance b/d7 F LambG Brack"2231 W Terry31 S Miller1 Balance b/d7 Cheque1120223131 Bank chargesB YoungF GrayChequeCredit transfer: T MorrisDr1 Balance b/d7 J May162830T WilsonF SlackG Baker3,4191011 Balance b/d7 Cheque8 F Lane16 Cheque17 J Rebus18 T Silver28 Cheque29 SLM standing order30 Flynn: trader's credit30 Bank charges20X9Dec"443192464,129Bank Statement4730.4A The bank columns in the cash book for June 20X7 and the bank statement for that monthfor D Hogan are as follows:Cash Book£1,410627520X7JunCr8 B Young15F Gray28T Errant31 Balance c/d2245822.353Bank StatementDr£46221Cr5 L Holmes12 J Rebus16 T Silver29 Blister Disco30 Balance c/dDr£1805194152Cr£431014493Cr£6275£2,740410321319320122464£462212093,4374,129Balance£3,4193,5203,0583,0373,0813,1743,127£18051941221,5912.353Balance£1,4101,4721,2921,3678488071,0319791,0431,000

Cash Book - All cash receipts and outlays, including bank deposits and withdrawals, are recorded in…

Cash at bank as per bank column of the cash book (Dr) Bankings made but not yet entered on bank statement Bank charges on bank statement but not yet in cash book Unpresented cheques W Shute Standing order to Giffy Ltd entered on bank statement, but not in cash book Credit transfer from B Barnes entered on bank statement, but not yet in cash book £ 2,740 410 32 131 93 201 30.3 The following are extracts from the cash book and the bank statement of F Perry. You are required to: (a) Write the cash book up to date, and state the new balance as on 31 December 20X9, and (b) Draw up a bank reconciliation statement as on 31 December 20X9. Fash Book

Cash at bank as per bank column of the cash book (Dr) Bankings made but not yet entered on bank statement Bank charges on bank statement but not yet in cash book Unpresented cheques W Shute Standing order to Giffy Ltd entered on bank statement, but not in cash book Credit transfer from B Barnes entered on bank statement, but not yet in cash book £ 2,740 410 32 131 93 201 30.3 The following are extracts from the cash book and the bank statement of F Perry. You are required to: (a) Write the cash book up to date, and state the new balance as on 31 December 20X9, and (b) Draw up a bank reconciliation statement as on 31 December 20X9. Fash Book

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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Required information [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $25,672 debit balance, but its July bank statement shows a $27,829 cash balance. b. Check No. 3031 for $1,430, Check No. 3065 for $491, and Check No. 3069 for $2,198 are outstanding checks as of July 31. c. Check No. 3056 for July rent expense was correctly written and drawn for $1,240 but was erroneously entered in the accounting records as $1,230. d. The July bank statement shows the bank collected $10,000 cash on a note for Branch. Branch had not recorded this event before receiving the statement. e. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. f. The July statement shows a $15 bank service charge. It has…
Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance: $2,046 Deposits in transit: $320 Outstanding checks: $108 and $334 Bank charges: $25 Notes receivable: $1,500; interest: $35 Bank Reconciliation Bank Statement Balance at (date) Add: Less: Adjusted Bank Balance Book Balance at (date) Add: Less: Adjusted Book Balance
journalize any necessary entries for photo op based on bank recon
Instructions: Calculate the following Reconciliation for Hancock, Reid, & Carson for the period ending March 31, 2021. Prepare the March bank reconciliation statement on the blank statement provided for Hancock, Reid, & Carson Ltd. according to the following information: • Royal Bank of Canada statement says the current balance is $17,864.12. • There was an NSF cheque #1706 from Peter Bartrum in the amount of $1,870.54. There are bank service charges of $60.00; there are overdraft interest charges of $86.90; there is a preauthorized loan payment charge of $617.44; the bank paid Hancock, Reid & Carson Ltd. $204.12 interest on a revolving T-bill investment, and there is a charge of $54.00 for the annual rental of a safety deposit box. Upon comparing the bank statement to the company's cheque register, you noted that the final balance in the cheque register was $16,627.01 and that cheques #588 for $198.27, #592 for $i,846.40, #596 for $374.80 and #599 for $1,320.40 are outstanding. You…
Which of the following journal entries is recorded as a result of the bank reconciliation process to record a NSF check for $250? A. Cash 250 Accounts Receivable 250 B. Accounts Receivable 250 Petty Cash 250 C. Accounts Receivable 250 Cash 250 D. Cash 250 Accounts Payable 250
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Prepare a bank reconciliation statement of Mr.Kumar from the following: 1.Balance as per cash book 1,500 2.Cheques deposited but not cleared 100 3.Cheques issued but not presented for payment 150 4.Interest allowed by bank 20
The bank reconciliation statement shows a debit balance of RM2,470 as per the cash book, unpresented cheque amounting to RM858, and a credit balance of RM1,198 as per the bank statement. What is the amount of the deposits not yet credited ? O RM2,810 O RM2,130 O RM4,526 O RM414
Using the following information: Bank balance: $3,678 Book balance: $2,547 Deposits in transit: $321 Outstanding checks: $108 and $334 Bank charges: $25 Notes receivable: $1,000; interest: $35 and using the following accounts/items: Bank Errors Bank Service Charges Cash Deposits in Transit Interest Expense Interest Income Notes Receivable Outstanding Checks you are to prepare a bank reconciliation: Bank Balance [ Select ] Book Balance [ Select] Add items: Add items: [ Select ] [ Select ] [ Select] [ Select ] [ Select ] [ Select ] [ Select ] [ Select ] Less items: Less items: [ Select ] [ Select ] [ Select] [ Select ] [ Select ] [ Select ] [ Select] [ Select ] Adjusted Bank Bal. [ Select ] Adjusted Book Bal. [ Select ] PLEASE NOTE: For the above reconciliation, if no dollar amount is needed, please use "$0" or if no item is needed, please use "None" - no quotation marks. You must enter the account and item names exactly as written above and all dollar amounts will be with "$" and commas…
Instructions: Prepare a bank reconciliation for Kali Loli from the following checkbook records and bank statement CHECKBOOK Check number 801 802 803 804 805 Date Description fo transaction 44835 H&H Jewelers 44840 Deposit 44842 L.L. Bean 44844 Cashe 44847 Deposit 44847 Four Seasons Hotel 44849 American Express 44854 ATM Withdrawal 44858 Deposit 44861 Deposit 44862 Home-Depot - Debit Card BANK STATEMENT Statement Date: Checking Account Summary: Account Number: Checking Account Transactions Date Amount 44837 44840 44844 44847 44849 44851 44856 44858 44862 44864 BANK RECONCILIATION Check book balance. Amount of payment or withdrawal Amount of deposit or interest Balance Forward 879.36 November 3, 2021 October 1- 31, 2021 449-56-7792 Previous Balance Deposits Number Total Credits ✓ Check Number Total Debits Current Balance → 879.36 3 1954.59 7 1347.83 1486.12 Description 236.77 Check # 801 450.75 Deposit 324.7 Returned item 880.34 EFT payroll deposit 75.89 Check #803 507.82 Check #805…