Crane company gathered the following reconciling information in preparing its June bank reconciliation: Cash balance per books, 6/30 $15400 Deposits in transit 1100 Notes receivable and interest collected by bank 2710 Bank charge for check printing 90 Outstanding checks 5500 NSF check 510 The adjusted cash balance per books on June 30 is O $18610. O $17510. O $18530. $18110.

Crane company gathered the following reconciling information in preparing its June bank reconciliation: Cash balance per books, 6/30 $15400 Deposits in transit 1100 Notes receivable and interest collected by bank 2710 Bank charge for check printing 90 Outstanding checks 5500 NSF check 510 The adjusted cash balance per books on June 30 is O $18610. O $17510. O $18530. $18110.

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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Jamison Company gathered the following reconciling information in preparing its June bank reconciliation. Cash balance per bank, June 30 $10,580 Note receivable collected by bank 5,781 8,771 3,495 127 1,779 Outstanding checks Deposits in transit Bank service charge NSF check Determine the cash balance per company records (before adjustment) on June 30. a. $9,179 b. $22,846 OC. $5,304 d. $1,429
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Mazaya Company developed the following reconciling information in preparing its April bank reconciliation: Cash balance per bank, 4/30 RO.15,400; Note receivable collected by bank 8,400; Outstanding checks 12,600; Deposits in transit 6,300; Bank service charge 150; NSF check 1,680; Using the above information, determine the cash balance per books (before adjustments) for the Mazaya Company.
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Duke Company's unadjusted bank balance at March 31 is $3,850. The bank reconciliation revealed outstanding checks amounting to $580 and deposits in transit of $460. What is the true cash balance? Multiple Choice $3,730 $3,530 $3,930 $4,230
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Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation: Cash balance per company's records, May 31 Deposits in transit Note receivable and interest collected by bank Bank charge for check printing Outstanding checks NSF check $4,461 213 855 38 1,599 164 Determine the adjusted balance that would appear in the company section of the bank reconciliation on May 31. Oa. $3,075 Ob. $5,114 Oc. $1,068 Od. $3,766
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