Problem 2-14 (AICPA Adapted) In preparing the bank reconciliation for the month of December, Case Company provided the following data: Balance per bank statement Deposit in transit Amount erroneously credited by bank to Case's account Bank service charge for December NSF check Outstanding checks 3,800,000 520,000 40,000 5,000 50,000 675,000 What amount was reported as unadjusted cash in bank balance per book? a. 3,550,000 b. 3,660,000 c. 3,610,000 d. 3,655,000
Problem 2-14 (AICPA Adapted) In preparing the bank reconciliation for the month of December, Case Company provided the following data: Balance per bank statement Deposit in transit Amount erroneously credited by bank to Case's account Bank service charge for December NSF check Outstanding checks 3,800,000 520,000 40,000 5,000 50,000 675,000 What amount was reported as unadjusted cash in bank balance per book? a. 3,550,000 b. 3,660,000 c. 3,610,000 d. 3,655,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Answer problems 2-14 and 2-15.
Transcribed Image Text:aldong
Problem 2-14 (AICPA Adapted)
In preparing the bank reconciliation for the month of
December, Case Company provided the following data:
Balance per bank statement
Deposit in transit
Amount erroneously credited by bank to Case's account
Bank service charge for December
NSF check
Outstanding checks
What amount was reported as unadjusted cash in bank
balance per book?
a. 3,550,000
b. 3,660,000
c. 3,610,000
d. 3,655,000
Problem 2-15 (AICPA Adapted)
Able Company received the bank statement for the month of
March. However, the closing balance of the account was
unreadable.
3,800,000
520,000
40,000
5,000
50,000
675,000
Attempts to contact the bank after office hours did not secure
the desired information.
February 28 book balance
Note collected by bank
Interest earned on note
NSF check of customer
Bank service charge on NSF check
Other bank service charge
Outstanding checks
Deposit of February 28 placed in night depository
Check issued by Axle Company charged to Able's account
a. 1,435,000
b. 1,530,000
c. 1,340,000
d. 1,550,000
1,460,000
100,000
10,000
130,000
2,000
3,000
200,000
85,000
20,000
What amount was reported as cash balance per bank
statement?
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