In preparing the bank reconciliation for the month of December, Nano Company provided the following data: Balance per bank statement 5,200,000 Deposit in transit 620,000 Amount erroneously credited by the bank To Nano’s account 20,000 Bank service charge for December 10,000 NSF check 40,000 Outstanding checks 800,000  What is adjusted cash in bank?

Q: In preparing the bank reconciliation for the month of August, Alex Company provided the following…

A: Bank reconciliation statement is prepared to cross check the balances of cash in bank balance as per…

Q: MDB Company provided the following data pertaining to the cash transactious and bank account for the…

A: Solution: Bank reconciliation is prepared to reconcile the difference in  balance as per bank and as…

Q: Problem I Jane Company provided the following information at month-end: Cash in bank per bank…

A: Bank reconciliation statement is prepared to balance in the bank column of cash book and pass book…

Q: Jamison Company gathered the following reconciling information in preparing its June bank…

A: Bank reconciliation statement is used to determine the differences between the bank statement…

Q: Rodgers Company gathered the following reconciling information in preparing its May bank…

A: Bank Reconciliation Statement: A bank reconciliation statement is a summary of banking and business…

Q: Rodgers Company gathered the following reconciling information in preparing its May bank…

A: A bank reconciliation statement is prepared by the management at a particular time period. It helps…

Q: Rodgers Company gathered the following reconciling information in preparing its May bank…

A: Bank reconciliation statement is prepared where an entry which is found in one book (Cash book or…

Q: Bedlam Company provided the following data for the month of December: November 30 December 31 Cash…

A: Given: The data is given and the calculation as follows, The bank reconciliation process defines the…

Q: Rodgers Company gathered the following reconciling information in preparing its May bank…

A: Introduction: Bank reconciliation statement: To Reconcile the difference between Bank book and cash…

Q: A. What is the adjusted balance on the bank reconciliation? B. On March 1, journalize any necessary…

A: Bank Reconciliation Statement:   Bank statement is prepared by bank. The company maintains its own…

Q: PROBLEM: Florida Company deposits all cash receipts on the day they are received and makes all cash…

A: Given: - Bank balance= $14,237 Deposit in transit= $6,225 Outstanding checks= $5,645 Cash account=…

Q: The following information was included in the bank reconciliation for Vab, Inc. Assume all other…

A: In order to reconcile the balance of the cash books with the passbook, a statement is required to be…

Q: Rodgers Company gathered the following reconciling information in preparing its May bank…

A: Introduction: Bank Reconciliation statement: Its a statement prepared by the customer of the bank at…

Q: The treasurer preparing the October bank reconciliation identified the following items: Cash balance…

A: A bank reconciliation statement is prepared by almost every organization at a particular time. It is…

Q: Prepare the bank reconciliation on June 30 and July 31, and adjusting journal entries on July 31 *…

A: July 31 Cash Book balance: 1,000,000 + 4,000,000 - 3,600,000 = 1,400,000 July 31, Bank statement…

Q: Cool Company prepared the following bank reconciliation for the month of November: Balance per bank…

A: Particulars Amount Balance Outstanding on November 30 3600000 Add: Deposits made in…

Q: At August 31, Saladino Coffee has the following bank information: cash balance per bank Rp5.200.000,…

A: Bank reconciliation statement is prepared to  compare the transactions recorded in the company's…

Q: Sweden Company provided the following information for the month of December:…

A: Cash is an current asset and used for consideration purpose for exchange of goods and services. It…

Q: Thompson Company gathered the following reconciling information in preparing its October bank…

A: Particulars Amount Cash balance as per bank $14,665 Less: Note receivable collected by bank…

Q: Mazaya Company gathered the following reconciling information in preparing its November bank…

A: Particulars Amount Cash balance per book, 11/30 RO 4,400 Add: Note receivable and…

Q: Enterina Company provided the following bank reconciliation on May 31: Balance per bank statement…

A: 1) Checks outstanding are those checks that have been written and recorded in the bank column of the…

Q: Proof of Cash Problems 1. Lazer Company had the following bank reconciliation on June 30: Balance…

A: Bank Reconciliation Statement :— It is the statement that reconcile the balance as per bank passbook…

Q: Mazaya Company gathered the following reconciling information in preparing its November bank…

A: Answer:   Option a.

Q: Use the following data the answer questions 11 to 14 The cash records of Company Inc. show the…

A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…

Q: Prepare bank reconciliation statement on November 30 showing adjusted balances and the journal…

A: A bank reconciliation statement is a statement that is prepared to reconcile the bank balance as per…

Q: Rodgers Company gathered the following reconciling information in preparing its May bank…

A: Deposits in transit and outstanding checks need to be adjusted with cash balance as per bank…

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.