Answer problems 2-14 and 2-15. aldongProblem 2-14 (AICPA Adapted)In preparing the bank reconciliation for the month ofDecember, Case Company provided the following data:Balance per bank statementDeposit in transitAmount erroneously credited by bank to Case's accountBank service charge for DecemberNSF checkOutstanding checksWhat amount was reported as unadjusted cash in bankbalance per book?a. 3,550,000b. 3,660,000c. 3,610,000d. 3,655,000Problem 2-15 (AICPA Adapted)Able Company received the bank statement for the month ofMarch. However, the closing balance of the account wasunreadable.3,800,000520,00040,0005,00050,000675,000Attempts to contact the bank after office hours did not securethe desired information.February 28 book balanceNote collected by bankInterest earned on noteNSF check of customerBank service charge on NSF checkOther bank service chargeOutstanding checksDeposit of February 28 placed in night depositoryCheck issued by Axle Company charged to Able's accounta. 1,435,000b. 1,530,000c. 1,340,000d. 1,550,0001,460,000100,00010,000130,0002,0003,000200,00085,00020,000What amount was reported as cash balance per bankstatement?

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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

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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