gget discovered that cheque 735 written in March for $767 and cleared the bank was recorded in their books as $
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- Nugget discovered that cheque 735 written in March for $767 and cleared the bank was recorded in their books as $676
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Does it go under balance per bank statement or balance per books for reconciliation worksheet?
- Demetrio's bank statement showed a balance of $909.27. He had the following outstanding checks: Check 440 for $12.95, Check 441 for $80.25, Check 442 for $10.10, and Check 443 for $28.07. The bank deducted a $15.50 service charge. Demetrio's balance in his checkbook was $793.40. What was the checkbook balance after reconciliation? a. $808.90 b. $777.90 c. $778.00 d. $631.03On 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 $1,108.88The new balance from a bank statement is $16,835.55. The deposits not yet recorded by the bank are $2058.05, $92.91 and $1052.27. The checks outstanding are $352.85, $188.14, $144.73 and $81.20. Determine the adjusted bank balance.
- Oscar Myer receives the March bank statement for Jam Enterprises on April 11, 2018. The March 31 bank statement shows an ending cash balance of $67,566. A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following. O. Myer notices that the bank erroneously cleared a $500 check against his account in March that he did not issue. The check documentation included with the bank statement shows that this check was actually issued by a company named Jam Systems. On March 25, the bank lists a $50 charge for the safety deposit box expense that Jam Enterprises agreed to rent from the bank beginning March 25. On March 26, the bank lists a $102 charge for printed checks that Jam Enterprises ordered from the bank. On March 31, the bank lists $33 interest earned on Jam Enterprises' checking account for the month of March. O. Myer notices that the check he issued for $128 on March 31, 2018, has not yet cleared the bank. O. Myer verifies that all deposits…A deposit of $25,000 made by Federal Trading appeared on the bank statement of Fidel Trading. hello, i am working on a Cash Book and did this as the entry for the statement above. would that be correct? if so can you explain how? cashbook DATE ACCOUNT TITLE DEBIT DATE ACCOUNT TITLE CREDIT 30-November-10 Accounts receivable $25000On february 28th, 2022, Mark, the accountant of the scented candle business Smells LTD, prepared the documents for his february bank reconciliation. He noted a Cash balance of $15,534 in the general ledger. The bank statement on that date showed a balance of $17,675. A comparison of the bank statement with the cash account revealed the following The bank statement included service charges and card processing fees of $50 The bank statement included electronic collections (EFT) from customers, totaling $5,520. Smells LTD had not recorded the EFT yet A deposit of $200 made by another company was incorrectly added to Breathe-ins account by their bank Recent deposits worth $5,400 are not currently showing on the bank statement Cheques outstanding on January 31 totaled $3,754. Of these, $1,883 cleared the bank in February and are no longer outstanding. All new cheques written in February cleared the bank during the month Enter amounts with the final number rounded to the nearest $.…
- On 30 June 2023, Maximo’s cash book showed that he had an overdraft of K300 on his current account at the bank. A bank statement as at the end of June 2023 showed that Maximo was in credit with the bank by K65. On checking the cash book with the bank statement you find the following. (a) Cheques drawn, amounting to K500, had been entered in the cash book but had not been presented. (b) Cheques received, amounting to K400, had been entered in the cash book, but had not been credited by the bank. (c) On instructions from Maximo the bank had transferred interest received on his deposit account amounting to K60 to his current account, recording the transfer on 5 July 2023. This amount had, however, been credited in the cash book as on 30 June 2023. (d) Bank charges of K35 shown in the bank statement had not been entered in the cash book. (e) The payments side of the cash book had been undercast by K10. (f) Dividends received amounting to K200 had been paid direct to the bank and not…The accountant for Beaume Corp. was preparing a bank reconciliation as of April 30. The following items were identified: Beaume's book balance $43,145 Outstanding cheques 900 Interest earned on chequing account 63 Customer's NSF cheque returned by the bank 375 In addition, Beaume made an error in recording a customer's cheque; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730. Required: What amount will Beaume report as its adjusted cash balance at April 30?Miss Corina Cruz bank statement on September 30 showed a balance of P 26,091.20.Her checkbook showed a balance of P 23,305.70.She had noticed that checks # 13 for P 1,168.00 and # 18 for P 1,628.50 were outstanding.There was also a service charge of P 11.00. Prepare a bank reconciliation statement.
- Kameron Gibson's bank statement showed a balance of $612.85. Kameron's checkbook had a balance of $215.20. Check Number 104 for $139.80 and check Number 105 for $19.55 were outstanding. A $799.30 deposit was not on the statement. He has his payroll check electronically deposited to his checking account-the payroll check was for $1,069.10. There was also a $10.80 teller fee and an $20.70 service charge. Prepare Kameron Gibson's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. Kameron's checkbook balance Add: Subtotal Deduct Subtotal Reconciled balance BANK RECONCILIATION Bank balance Add: Subtotal Deduct: + Reconciled balanceKameron Gibson's bank statement showed a balance of $1,020.35. Kameron's checkbook had a balance of $282.10. Check Number 104 for $150.70 and check Number 105 for $16.35 were outstanding. A $666.60 deposit was not on the statement. He has his payroll check electronically deposited to his checking account-the payroll check was for $1,260.90. There was also a $10.70 teller fee and an $12.40 service charge. Prepare Kameron Gibson's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. Kameron's checkbook balance Add: Subtotal Deduct: Subtotal Reconciled balance BANK RECONCILIATION Bank balance Add: Subtotal Deduct: Reconciled balanceOn March 31, 1998. the Cash Book of Henry showed a Bank balance of $ 4,850. While verifying with the Pass Book, the following facts were noted: (i) Cheques sent in for collection before March 31, 1998, and not credited by the bank amounted to $ 845. (ii) Cheques issued before March 31, 1998, but not presented for payment amounted to $ 885. (iii) The banker has charged a sum of $ 100 towards incidental charges and credited interest $ 250. (iv) The banker has given a wrong credit for $ 250. (v) Mr. Neon has paid into bank directly a sum of $ 300 on March 28, 1998, which has not been entered in the cash book (vi) A cheque for $ 200 sent for collection and returned unpaid has not been entered in the cash book. Prepare a Bank Reconciliation Statement.