1. Create an outstanding checks list for Madison at the end of May. Round your answers to two decimal places.Madison CompanyMay 31Outstanding Checks ListCheck #AmountTotal2. What is the total amount of checks that cleared the bank (written in May)? Round your answer to two decimal places.%24 The following information is from Madison Corporation's accounting records for May. Check #3269 was returned as a double payment and voided. Checks that have not cleared thebank include #3252, #3260, and series #3275-3278.Check #AmountCheck #Amount3247$ 32.643263$ 24.873248400.00326445.003249309.22326533.783250256.003266756.7732513,212.17326784.34325256.893268789.00325398.02326948.90325447.55327034.4132551,124.773271872.003256250.00327222.00325768.003273562.383258215.563274512.00325938.553275603.50326092.65327667.00326144.613277301.61326272.96327847.88In addition to the above list of the checks, Madison had check #2264 for $32.98 and check #2655 for $45.99 outstanding previously that have not cleared.

An outstanding check is a check payment that has been recorded by the issuing entity but has not yet…

Answered: Create an outstanding checks list for…

Create an outstanding checks list for Madison at the end of May. Round your answen Madison Company May 31 Dutstanding Checks List Check # Amount

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

X aoup K Auturmn Renfro-Managing Che: X OFill out the three sample checks for the following transactions: A Popular Pizza Place, $22.46, Date 3/12/Year B Auto Insurance, $97.25, Date 3/15/Year Cell Phone Company, $67.50, Date 3/25/Year O Place $478 in the beginning balance box. 3 In order of date, fill in your check transactions from #1 along with the following transactions. Update the balance of your account after each transaction. Debit Card, Clothing store, new jeans, $56.23, Date 3/14/Year e Withdrawal, Football game admission and concession, $20.00, Date 3/19/Year ATM fee, $2.00, Date 3/19/Year O Deposit, Paycheck, $288.00, 3/15/Year Payment Amount sode junowy 455 54 358.29 Transaction Description Number or Code Date BALANCE 3/12/20 3715/20 Auto Insurance 97.25 67.50 EZZI 290.79 341 341 3/25/20 Cell Phone
On May 27, you received your bank statement showing a balance of $1,026.34. Your checkbook shows a balance of $1,056.29. Outstanding checks are $245.50 and $377.20. The account earned $62.59. Deposits in transit amount to $705.24, and there is a service charge of $10.00. Calculate the reconciled balance. $29.95 $943.80 O $1,003.70 O $1,108.88
David had the following activity with his checking account during the month of July: Starting checkbook balance of $701.13 July 15 electronic payroll deposit of $1,807.44 Online payment of $109.17 to Ameren Utilities Online payment of $104.00 to Gas Company Checks written on July 15 totaling $984.15 On July 27, he received an electronic payroll deposit of $1,807.43 What was David's checkbook balance as of July 31?
Jul 13 The owner, Jen Beck, withdrew $2,000 cash for personal use, Check No. 78. Memorize the transaction for payments every two weeks. Next payment is July 27, 2022. Just tell me in quickbooks where do i record this transaction? bill (enter bills window) credit (enter bills window) bill pmt - check (pay bills window) check (write checks window) invoice (create invoices window) payment (receive payments window) sales receipt (enter sales receipts window) deposit (make deposit window) general journal (make general journal entries window) inventory adjust (adjust quantity/value on hand window) sales tax payment (pay sales tax window) paycheck (pay employees window) liability check (pay payroll liabilities window) transfer (transfer funds between accounts window) credit card charge (enter credit card charges window) credit memo (create credit memos/refunds window) discounts (receive payments window)
A ezto.mheducation.com Question 46 - Exam 1- Connect M MHE Reader * Start Page Exam 1 360/500 Total points awarded Submitted Help Exit 46 In QuickBooks Online, if the Deposit to: Undeposited Funds account is selected on the Invoice, then funds are recorded directly in the 0/10 Multiple Choice points awarded Scored Company owner's checking account. Petty Funds account. Checking Account. Undeposited Funds account. Mc Graw Hill
Based on the following information, prepare a check and stub: Date: January 15, 20-- Balance brought forward: $2,841.50 Deposit: $962.20 Check to: J. M. Suppliers Amount: $150.00 For: Office Supplies Signature: Sign your name
Based on the information in the worksheet, Calculate: February Deposits in Transit: Date Amount February Outstanding Checks: Check # Amount
Bramble Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred. Made Bramble credit card sales totaling $25,800. (There were no balances prior to January 15.) Made Visa credit card sales (service charge fee 2%) totaling $5,800. Collected $12,000 on Bramble credit card sales. Added finance charges of 1.5% to Bramble credit card account balances. Jan. 15 20 Feb. 10 15 Journalize the transactions for Bramble Stores. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Date Jan 15 Jan. 20 Cash Debit Credit M Ç T 9 M Q Me Mu VI 65 Ac Q 59 Ace
Bank reconciliation and entries Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours.The data required to reconcile the bank statement as of July 31, 20Y0, have been taken from various documents and records and are reproduced as follows.The sources of the data are printed in capital letters. All checks were written for payments on account. CASH ACCOUNT: Balance as of July 1 $9,578.00 CASH RECEIPTS FOR MONTH OF JULY 6,465.42 DUPLICATE DEPOSIT TICKETS: Date and amount of each deposit in July: Date Amount Date Amount Date Amount July 2 $569.50 July 12 $580.70 July 23 $713.45 5 701.80 16 600.10 26 601.50 9 819.24 19 701.26 31 1,777.87 CHECKS WRITTEN: Number and amount of each check issued in July: BANK RECONCILIATION FOR PRECEDING MONTH: Sunshine Interiors Bank Reconciliation June 30,20Y0 Cash balance according to bank statement $9,422.80…
2. Your checkbook balance was $206.42 on March 3. The check register shows your transactions since then. What should your new balance be? Trans Type Date Description of Transaction or Check # 284 DEP AT Payment / Debit ✓ Deposit / Credit (+) (-) Balance Brought Forward 3/9 Osbourne Pharmacy 3/15 ATM Deposit 3/20 Auto trans: Gen Phone 19 32 50 80 120 49 Balance
9. Ashley Martinez's checkbook balance was $149.21 on October 5. The checkbook register below shows her transactions since then. What is her balance after each transaction? Trans Type Date Description of Transaction or Check # 571 DEP 572 AT 10/6 Pettisvile Flowers 10/9 Deposit 10/10 Donald's Bookstore 10/19 Langley Phone Co. Payment / Debit ✔ Deposit / Credit (+) (-) Balance Brought Forward 45 79 16 94 75 25 213 80 Balance 149 21
Fill out the check register that follows with this information for August 2022: Note: Enter your answer in the order of given data. Round your answers to 2 decimal places. Negative amounts should be indicated by a minus sign in the Balance column only. August 7 August 15 August 19 August 20 August 24 August 29 NUMBER Check Number 959 Check Number 960 Deposit Check Number 961 Check Number 962 Deposit AT&T Staples Balance West Electric Bank of Americal RECORD ALL CHARGES OR CREDITS THAT AFFECT YOUR ACCOUNT DESCRIPTION DATE 2022 PAYMENT/ DEBIT (-) FEE (IF ANY) (-) OF TRANSACTION DEPOSIT/ CREDIT (+) BALANCE $ 4,500.75