Homepage - Central N X D21 Ebook and Connect Li X M Question 1- Chapter 4 X//ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mh... AHomework5cesW3Cential New OC XKameron Gibson's bank104 for $203.50 and checcheck electronically depos$22.20 service charge.EPrepare Kameron Gibson's breconciliation.Note: Input all amounts as poive values. Round your answers to 2 decimal places.Kameron's checkbook balanceAdd:Direct depositSubtotalDeduct:Teller feeService chargeSubtotalReconciled balance$4R%5669$ement showed a balance of $1,253.55. Kameron's checkbook had a balance of $242.20. Check Numberumber 105 for $16.95 were outstanding. A $662.50 deposit was not on the statement. He has his payrollto his checking account-the payroll check was for $1,487.40. There was also a $11.80 teller fee and anQ SearchY11.8022.20&BANK RECONCILIATION$769USaved242.20 Bank balanceAdd:1,487.40Prev*1,729.60 SubtotalDeduct:4+8ATM card feeReconciled balance1 of 5ASUSfghp9EEf10Next >OOf11P$C N112++1,253.55[insWelcome to BUSA 118 Xprt scHelpSave & Exit]☆=deleteJ backspaceENGIN18.08hom

Lets understand the basics. Bank reconciliation statement is prepared to reconcile balance as per…

Kameron Gibson's bank 104 for $203.50 and chec check electronically depos $22.20 service charge. ement showed a balance of $1,253.55. Kameron's checkbook had a balance of $242.20. Check Number umber 105 for $16.95 were outstanding. A $662.50 deposit was not on the statement. He has his payroll to his checking account-the payroll check was for $1,487.40. There was also a $11.80 teller fee and an Prepare Kameron Gibson's b reconciliation.

Kameron Gibson's bank 104 for $203.50 and chec check electronically depos $22.20 service charge. ement showed a balance of $1,253.55. Kameron's checkbook had a balance of $242.20. Check Number umber 105 for $16.95 were outstanding. A $662.50 deposit was not on the statement. He has his payroll to his checking account-the payroll check was for $1,487.40. There was also a $11.80 teller fee and an Prepare Kameron Gibson's b reconciliation.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The Cash account of ReeseCorporation had a balance of $3,540 at October 31, 2018. Included were outstanding checkstotaling $1,800 and an October 31 deposit of $300 that did not appear on the bank statement.The bank statement, which came from Turnstone State Bank, listed an October 31 balance of$5,570. Included in the bank balance was an October 30 collection of $600 on account froma customer who pays the bank directly. The bank statement also showed a $30 service charge,$10 of interest revenue that Reese earned on its bank balance, and an NSF check for $50.Prepare a bank reconciliation to determine how much cash Reese actually had at October 31.
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The bank mistakenly recorded the collection of $385 on a customer account as $358 in the bank statement. The cheque was written in the correct amount and was correctly recorded in the company’s accounting system. The journal entry required to correct this error would be: Select one: a. debit Accounts Receivable, $385; credit Cash, $385 b. debit Cash, $27; credit Accounts Receivable, $27 c. debit Cash, $385; credit Accounts Receivable, $385 d. debit Accounts Receivable, $27; credit Cash, $27 e. no journal entry is required
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[The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an $12.709 debit balance and its bank statement shows $12,011 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,115. b. The June 30 bank statement lists a $15 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $189 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $198. d. The June 30 cash receipts of $2,807 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare any necessary journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry…
The cash account shows a balance of $41500 before reconciliation. The bank statement does not include a deposit of $9600 made on the last day of the month. The bank statement shows a collection by the bank of $3950 and a customer's check for $1350 was returned because it was NSF. A customer's check for $1320 was recorded on the books as $1960, and a check written for $323 was recorded as $389. The correct balance in the cash account was O $44674. O $43394. O $43526. O $53126.
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