In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:       Cash balance per company books on January 30 $ 6,825 Deposits in transit at month-end $ 2,220 Outstanding checks at month-end $ 730 Bank service charges $ 46 EFT automatically deducted monthly, not yet recorded by Maxi $ 800 An NSF check returned on a customer  account $ 475   The adjusted cash balance per the books on January 31 is:

Q: For the month of July, Adam Company had the following information: bank service charge for July,…

A: Deductions from cash book=Bank service charge+NSF check=P 16,500+P 40,000=P 56,500

Q: In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles…

A: Bank reconciliation statement is prepared for reconciling the errors in cash or bank book. It is…

Q: The book balance in the checking account of Kyri Enterprises as of November 30 is $2,944. The bank…

A:

Q: Bourne Incorporated reports a cash balance at the end of the month of $2,170. A comparison of the…

A: Journal entries are used to record transactions in a business. Journal entries form the basis for…

Q: Acme Company has received its bank statement for the month ending May 31, which showed the…

A: The procedure of bank reconciliation outlines the reasons why a company's cash book and bank…

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

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

Q: Alvin Electronics is in the process of reconciling its bank account for the month of November. The…

A: The objective of the question is to find the corrected cash balance at the end of November for Alvin…

Q: Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of the…

A: A journal entry appears to be a method of tracking all of a company's individual financial…

Q: enry Inc. is preparing the monthly bank reconciliation of its checking account balance for the month…

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

Q: LILA company has the below information in its Bank Statement and the company book at the end of the…

A: Bank reconciliation statement: This statement is prepared to reconcile the entity cash balance with…

Q: The book balance in the checking account of Kyri Enterprises as of November 30 is $2,944. The bank…

A: The amounts that are correctly recorded in the bank statement but are omitted from the books are…

Q: Benson Plastics Company deposits all receipts and makes all payments by check. The following…

A: A bank reconciliation statement compares an entity's bank account with its financial records and…

Q: ew of the March 30 bank statement and other data of Sheridan Aviation revealed a $18,484 balance at…

A: Bank Reconciliation in accounting means the process of matching the pass book issued by bank with…

Q: In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles…

A: A bank reconciliation statement is prepared by the management to match the company's cash balance…

Q: rangelina Adoption Agency's general ledger shows a cash balance of $4,582. The balance of cash in…

A: Checks that have been drawn by the company but have not been deducted from the bank balance are…

Q: A company's Cash account shows a balance of $5,630 at the end of the month. Comparing the company's…

A: Bank Reco Statement  :-…

Q: A company's Cash account shows a balance of $3,420 at the end of the month. Comparing the company's…

A: In this scenario, we just need to pass the journal entries for expenses and income incurred by the…

Q: In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles…

A: Bank reconciliation is the process of comparing a company's financial records with its bank…

Q: 2,032,000 1,890,000 1,440,000 180,000 80,000

A: . Outstanding Checks have been added because the entity has already credited Bank a/c in books but…

Q: a Prepare a bank reconciliation at November 30. b Prepare adjusting entries (in general journal…

A:

Q: A review of the March 30 bank statement and other data of Sangster Aviation revealed a $16,220…

A: A Bank Reconciliation Statement (BRS) is a document that compares the cash balance on a company’s…

Q: bank reconciliation

A: A bank reconciliation statement is extremely important for any business. Even individuals can…

Q: Sternum Company's bank statement for the month of March included the following information:  Ending…

A: SOLUTION- BANK RECONCILIATION IS THE PROCESS OF MATCHING THE BALANCES IN AN ENTITY'S ACCOUNTING…

Q: rangelina Adoption Agency's general ledger shows a cash balance of $4,586. The balance of cash in…

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

Q: In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles…

A: Bank reconciliations are prepared at the end of each accounting period.It is the process of identify…

Q: Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of the…

A: Solution:- Preparation of the necessary entries to adjust the balance of cash as follows under:-

Q: Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of the…

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

Q: A company's Cash account shows a balance of $3,460 at the end of the month. Comparing the company's…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: fore reconciling its bank statement, Rollin Corporation's general ledger had a month-end balance in…

A: Bank Reconciliation The purpose of preparing the bank Reconciliation statement is to rectify the…

Q: Weave Company received a bank statement for the month of August. The bank statement showed the…

A: 1. Bank Reconciliation Statement for August:Bank Statement Balance, August 31: $49,574Add:Deposits…

Q: Compute the adjusted bank balance for the month of October. а. $10,520 b. $9,070 с. $9,085 d. $8,749

A: OPTION C IS THE ANSWER.

Q: At the end of April, Meyer Company had a $7,890 balance in its cash account, while its bank…

A: There are two type of cash balances exist in every business. These are cash balance as per cashbook…

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.