Marin Company’s general ledger indicates a cash balance of $22,340 as of September 30, 2021. Early in October Marin received a bank statement indicating that during September Marin had an NSF check of $1,500 returnedto a customer and incurred service charges of $45. Marin also learned it had incorrectly recorded a check received from a customer on September 15 as $500 when in fact the check was for $550. Calculate Marin’s correct September 30, 2021, cash balance.

Q: On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance…

A: Bank reconciliation is the matching of bank balance as per bank statement with bank balance as per…

Q: Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31…

A: The question is based on the concept of a bank reconciliation statement. A bank reconciliation…

Q: Shan Enterprises received a bank statement listing its May 31, 2021, bank balance as $47,582. Shan…

A: Correct cash balance = Bank balance + Cash receipts not yet deposited - checks outstanding

Q: Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31…

A: Here adjusting  to miscellaneous  account to be done

Q: Oscar Myer receives the March bank statement for Jam Enterprises on April 11, 2018. The March 31…

A: Bank reconciliation statement refers to a reconciliation between the entries entered in the cash…

Q: 1. Prepare a December 31 bank reconciliation for Miller. 2. Prepare any journal entries necessary by…

A: Requirement a:   Prepare a bank reconciliation.

Q: The Cash account of Rettell Corporation had a balance of $3,570 at October 31, 2021. Included were…

A: Bank reconciliation statement is the one which is prepared by the entity to reconcile the difference…

Q: Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31…

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

Q: Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31…

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

Q: The cash account for Valley Bike Co. on October 1, 2019, indicated a balance of $5,140. During…

A: 1. Prepare bank reconciliation as of October 31, 2019.

Q: On October 31, 2021, Damon Company’s general ledger shows a checking account balance of $8,397. The…

A: Bank reconcilation (Bank's Cash balance) As per bank statement 11727 Add: Deposits outstanding…

Q: Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31…

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Q: Jansen Company’s general ledger showed a checking account balance of $25,720 at the end of May 2021.…

A: Under Bank reconciliation, amount  recorded in books but not recorded by bank is reflected in bank…

Q: At the end of September 2021, Bigelow’s accounting records show a cash balance of $5,000. The…

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Q: Oscar Myer receives the March bank statement for Jam Enterprises on April 11, 2018. The March 31…

A: Bank Reconciliation Statement is prepared to reconcile the cash balance of books with the cash…

Q: Marin Company's general ledger indicates a cash balance of $24,340 as of September 30, 2021. Early…

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

Q: On December 31, 2021, the cash account of Coco Corp, showed a balance of P391,480.  The bank…

A:

Q: Spielberg Company’s general ledger shows a checking account balance of $22,970 on July 31, 2021. The…

A: Bank Reconciliation Statement is a statement prepared to reconcile the difference between the…

Q: Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31…

A: Bank Reconciliation   PARTICULAR AMOUNT     Balance as per Bank 67,966 Items to be added…

Q: Miller Corporation’s December 31, 2019, bank statement showed a $2,041.25 balance. On this date,…

A: Journal entry is a primary entry that records the financial transactions initially.

Q: Hathaway Company’s general ledger shows a cash account balance of $23,290 on July 31, 2024. Cash…

A: The purpose of bank reconciliation is to identify any discrepancies or errors in the organization's…

Q: Oscar Myer receives the March bank statement for Jam Enterprises on April 11, 2018. The March 31…

A: Bank reconciliation statement rectifies the difference between cash ledger and the bank statement.

Q: Marin Company’s general ledger indicates a cash balance of $22,340 as of September 30, 2018. Early…

A: Calculate the cash balance: Particulars Amount Cash balance as per general ledger…

Q: Prepare a bank reconciliation for Jam Enterprises for the month ended March 31, 2018 and prepare the…

A: Prepare a bank reconciliation statement.

Q: omer returned by bank $4,200. Check No. 210 was correctly written and paid by the bank for $593. The…

A: Every Bank reconciliation statement is adjusted as per bank balance and as per cash balance to be…

Q: JOURNAL ENTRIES

A: Prepare a bank reconciliation statement.

Q: The accountant of ABC has collected the following information for the month of July 2019. ABC’s…

A: A bank reconciliation statement balances an organization's bank account with its book records by…

Q: Spielberg Company’s general ledger shows a cash account balance of $23,220 on July 31, 2024. Cash…

A: The bank reconciliation statement is the one which is prepared by the entity to adjust the…

Q: 075) Hunter Company bank statement indicated a cash balance of $9,610, while the cash 2019002795…

A: A bank reconciliation statement is a statement that reconciles the difference between the balance as…

Q: Odum Corporation’s cash account showed a balance of $17,000 on March 31, 2019. The bank statement…

A: 1. Bank Reconciliation Statement on March 31, 2019 Balance as shown in Cash Book   $17,000.00…

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.