Listed below are 7 interbank cash transfers for late December 2020 and early January For each transfer, indicate whether cash is: Understated, Overstated or Correct. Disbursing Bank Dates Receiving Bank Dates Check# Per Bank Per Books Per Bank Per Books Understated, Overstated or Correct? CK1 01/04/21 01/01/21 01/03/21 01/01/21 CK2 01/03/21 01/02/21 12/31/20 01/03/21 CK3 12/31/20 01/03/21 12/30/20 01/03/21 CK4 12/29/20 12/29/20 12/29/20 12/29/20 CK5 01/04/21 12/31/20 01/02/21 01/02/21 CK6 01/02/21 01/01/21 12/31/20 12/31/20

Listed below are 7 interbank cash transfers for late December 2020 and early January For each transfer, indicate whether cash is: Understated, Overstated or Correct. Disbursing Bank Dates Receiving Bank Dates Check# Per Bank Per Books Per Bank Per Books Understated, Overstated or Correct? CK1 01/04/21 01/01/21 01/03/21 01/01/21 CK2 01/03/21 01/02/21 12/31/20 01/03/21 CK3 12/31/20 01/03/21 12/30/20 01/03/21 CK4 12/29/20 12/29/20 12/29/20 12/29/20 CK5 01/04/21 12/31/20 01/02/21 01/02/21 CK6 01/02/21 01/01/21 12/31/20 12/31/20

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 2CE

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Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance: $5,577 Deposits in transit: $1,546 Outstanding checks: $956 Interest income: $56 NSF check: $456
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Hajun Company received the following bank statement. Using the information from PB9 and PB10, prepare the bank reconciliation.
Which of the following items are found on a book side of the bank reconciliation? A. beginning bank balance B. outstanding checks C. interest income D. error made by bank
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What is the cash balance per books at November 30, 2021?
Use the following information that was drawn from the books of Ralesego as on 31December 2020 to draw the bank reconciliation statement. Details Amount ‘Pulas’Cash at bank as per cashbook bankcolumn 2,910Unpresented Cheques 730 Bank lodgments 560Credit transfers appearing in the bank 340statement but not entered in the cashbookCash balance as per bank statement 3,420
What is the correct cash balance as of December 31,2020? What is the correct amount of outstanding checks as of December 31,2020? What is the correct amount of deposit in transit on December 31,2020?
Given this book and bank statement information, create an October bank reconciliation for Arrowhead company. And the journal entries required for the book side. BOOK INFO: Cash Date Debit Credit Balance 10/1/2020 Beginning Balance 8,259.86 10/1/2020 Ck 10102 Accounts Payable 1,374.12 6,885.74 10/2/2020 Ck 10103 Rent 3,420.00 3,465.74 10/2/2020 Ck 10104 Utilities 689.00 2,776.74 10/4/2020 Deposit 3,743.10 6,519.84 10/4/2020 Ck 10105 Advertising 344.21 6,175.63 10/4/2020 Ck 10106 Subscription 102.84 6,072.79 10/9/2020 Ck 10107 Internet 74.97 5,997.82 10/9/2020 Deposit 4,859.47 10,857.29 10/9/2020 Ck 10108 Telephone 221.00 10,636.29 10/9/2020 Deposit 11,339.64 21,975.93 10/12/2020 Ck 10109 Accounts Payable 1,680.00 20,295.93 10/13/2020 Ck 10110 Wages…
Please be quick, I beg of you.
A comparison of the cashbooks for June, the above bank reconciliationstatement and the bank statement for June showed the following: 2.1 Provisional totals in the cashbooks on 30 June:  Cashbook Receipts R 113 200 Cashbook Payments R 96 0002.2 The outstanding deposit at the end of May for R5 700 appeared onthe bank statement on 5 June 2019.2.3 Cheque number CHQ135 appeared on the bank statement on 7 June for R3 100. An investigation revealed that the bankstatement amount was correct.2.4 Cheque number CHQ116 still did not appear on the bank statementfor June 2019. The cheque was originally written out to Gift for theNeedy as a donation on 20 November 2018.2.5 The correction of the incorrect cheque for R570 refers to a chequethat was incorrectly debited twice by the bank. This error has notbeen rectified by the bank.2.6 The bookkeeper is in possession of two cheques that she has notentered as she is unsure of what to do: CHQ 141 for R5 400 issued to Gilford’s Furnisher’s dated 15July…
Listed below are four interbank cash transfers, indicated by the letters a, b, c and d, of a client for late December 2022 and early January 2023. For each of the transfers a through d, indicate whether cash is understated, unaffected, or overstated by the transfer and provide a brief example of what could cause the situation in which cash is either understated or overstated. Bank Account One Bank Account Two Disbursing Date Receiving Date (Month/Day) (Month/Day) Per Bank Per Books Per Bank Per Books a. 1/05 12/31 1/03 1/03 b. 1/03 12/31 12/31 12/31 c. 1/04 1/02 1/02 12/31 d. 1/05 1/03 12/30 1/03 with details please

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	Disbursing Bank Dates	Receiving Bank Dates
Check#	Per Bank	Per Books	Per Bank	Per Books	Understated, Overstated or Correct?
CK1	01/04/21	01/01/21	01/03/21	01/01/21
CK2	01/03/21	01/02/21	12/31/20	01/03/21
CK3	12/31/20	01/03/21	12/30/20	01/03/21
CK4	12/29/20	12/29/20	12/29/20	12/29/20
CK5	01/04/21	12/31/20	01/02/21	01/02/21
CK6	01/02/21	01/01/21	12/31/20	12/31/20
CK7	01/02/21	12/30/20	12/31/20	12/30/20