Determine the following:d. Adjusted bank balance on May 31, 2021PROBLEM 2:The following data are gathered by the account of CHOPPER TECH.4/30/2021 5/31/2021Cash account balance53,00087,400Bank statement balance260,000340,000Deposits in transit20,50032,200Outstanding checks69,00075,000Bank service charges1,5001,300NSF checks20,600*Company's note receivable collected by bank 160,000211,100* Redeposited and recorded in the same month.The bank statement and the company's cash records show the following totals: Cancelled checks and debit memos perbank statement P 540,000 Cash receipts per cash book 400,000 Checks written per cash book 524,100 Deposits andcredit memos per bank statement 620,000

Bank Reconilation: It is the process by which bank account balance in company's books of account is…

Answered: Determine the following: d. Adjusted…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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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
Hh1. Prepare the bank reconciliation and corresponding journal entries. ONE SIDE BANK BALANCE AND OTHER SIDE BALANCE PER GENERAL LEDGER(BOOK BALANCE)
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.
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
PROBLEM Corona Company's bank statement for the month of March 2021, included the following information : Ending balance, March 31, P 280,460 Bank service charge for March, P 1.300 Interest paid by bank to Corona for March, 1,070 In comparing the bank statement to its own cash records , Corona found the following : Deposits made but not yet recorded by the bank, P 36,890 Checks written and mailed but not yet recorded by the bank, 47,860 In addition Corona discovered that it had erroneously recorded a check for P 460 that should have been recorded for P 640. QUESTION What is Corona's correct cash balance at March 31 2020 ?
Beta corp was preparing a bank reconciliation statement as of September 30, 2018. The following were identified: 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 Find adjusted cash balance as at September 30, 2018?
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Current Attempt in Progress At August 31, 2025, Sage Hill Nail Bar has this bank information: cash balance per bank $10,790; outstanding checks $840; deposits in transit $1,800; and a bank service charge $30. Determine the adjusted cash balance per bank at August 31, 2025. Adjusted cash balance per bank Touthook and Modla $
please make it book balance of cash and bank balance of cash clearly
Using the following information, prepare a bank reconciliation for Cullumber Company for July 31, 2022. a. The bank statement balance is $3,700. b. The cash account balance is $4,100. C. Outstanding checks totaled $1,260. d. Deposits in transit are $1,620. e. The bank service charge is $31. f. A check for $87 for supplies was recorded as $78 in the ledger.
Using the following information: a. The bank statement balance is $4,265. b. The cash account balance is $4,448. c. Outstanding checks amount to $835. d. Deposits in transit are $954. e. The bank service charge is $55. f. A check for $37 for supplies was recorded as $28 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation Line Item Description May 31 Amount Amount Cash balance according to bank statement Adjusted balance Cash balance according to company's records Total deductions Adjusted balance
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