Problem 3-9 (IAA) Harris Company provided the following data concerning the cash records for the months of September and October: Book balance Total cash receipts per book Total cash disbursements per book Bank balance Total charges in bank statement Total credits in bank statement NSF check Collections of accounts receiváble not recorded by entity and corrected in subsequent month Overstatement of check in payment of salaries corrected in subsequent month Deposit in transit Outstanding checks Required: September 30 October 31 1,900,000 ? 2,100,000 Vilass Coach Jaansonstig 60,000 30,000 94 1,400,000 2,400,000 b. Prepare adjusting entries on October 31. 2,500,000 1,200,000 90,000 130,000 had 270,000 dinom one ni dedood eng 40,000 50,000 120,000 260,000 30,000 a. Prepare a four-column reconciliation showing adjusted balances. post nileo qua sing voitastby sad s Galaxy S21+5G

Problem 3-9 (IAA) Harris Company provided the following data concerning the cash records for the months of September and October: Book balance Total cash receipts per book Total cash disbursements per book Bank balance Total charges in bank statement Total credits in bank statement NSF check Collections of accounts receiváble not recorded by entity and corrected in subsequent month Overstatement of check in payment of salaries corrected in subsequent month Deposit in transit Outstanding checks Required: September 30 October 31 1,900,000 ? 2,100,000 Vilass Coach Jaansonstig 60,000 30,000 94 1,400,000 2,400,000 b. Prepare adjusting entries on October 31. 2,500,000 1,200,000 90,000 130,000 had 270,000 dinom one ni dedood eng 40,000 50,000 120,000 260,000 30,000 a. Prepare a four-column reconciliation showing adjusted balances. post nileo qua sing voitastby sad s Galaxy S21+5G

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The April 30, Current Year, bank statement and the April ledger account for cash showed the following (summarized): Balance, April 1, Current. Year Deposits during April Interest collected Checks cleared during April NSF check-A. B. Wright Bank service charges Balance, April 30, Current Year Debit April 1 Balance April Deposits BANK STATEMENT Cash balance Checks Cash (A) $45,500 270 150 Deposits $37,200 1,210 Credit 25,300 April Checks written 43,400 Balance $31,500 68,700 69,910 24,410 24,140 23,990 23,990 43,700 A comparison of checks written before and during April with the checks cleared through the bank showed outstanding checks at the end of April of $4,400 (including $2,600 written before and $1,800 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. 3. What was the beginning balance in the cash account in the ledger on May 1, Current Year?
Please provide correct solution
Gadubhai
Required information [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $25,672 debit balance, but its July bank statement shows a $27,829 cash balance. b. Check No. 3031 for $1,430, Check No. 3065 for $491, and Check No. 3069 for $2,198 are outstanding checks as of July 31. c. Check No. 3056 for July rent expense was correctly written and drawn for $1,240 but was erroneously entered in the accounting records as $1,230. d. The July bank statement shows the bank collected $10,000 cash on a note for Branch. Branch had not recorded this event before receiving the statement. e. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. f. The July statement shows a $15 bank service charge. It has…
Need help with this Question
Uramilaben
Sparks Fly Company provided the following data concerning the cash records for the months of July and August. What is the correct answer to questions #1, 2, 3 and 4?
Do not provide answer in image format
Bank reconciliation and entries The following information was available to reconcile Nelson Company's book cash balance with its bank statement as of September 30, 2021: The September 30 cash balance according to the accounting records was $21,870. Oustanding checks from August's bank reconciliation: Check # 356 $1,240 Check # 357 775 Check # 359 3,280 Check # 360 924 Below is a record of the cash receipts and cash payments for September: Cash Deposits Cash Payments Date Amount Check# Amount Sep 2 $8,359 361 $3,268 Sep 4 11,250 362 7,140 Sep 6 4,371 363 4,257 Sep 12 5,260 364 3,525 Sep 15 12,118 365 4,160 Sep 18 7,493 366 1,789 Sep 22 5,395 367 6,285 Sep 27…
Bank Reconciliation and Adjusting Entries (Appendix 6.1) Instructions Chart of Accounts Labels and Amount Descriptions Bank Reconciliation General Journal X Instructions Odum Corporation’s cash account showed a balance of $17,200 on March 31, 2019. The bank statement balance for the same date indicated a balance of $17,916.55. The following additional information is available concerning Odum’s cash balance on March 31: • Undeposited cash on hand on March 31 amounted to $724.50. • A customer’s NSF check for $180.80 was returned with the bank statement. • A note for $2,000 plus interest of $25 was collected for Odum by the bank during March. The bank notified Odum of this collection on the bank statement. • The bank service charge for March was $15. • A deposit of $950.75 mailed to the bank on March 31 did not appear on the bank statement. The following checks mailed to creditors had not been processed by the bank on March…
Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Cash (A) Debit June 1 Checks $ 19,900 Deposits Other $ 18,800 Credit Balance 7,360 June Deposits 20,600 20,200 Checks written June June 30 Balance 7,760 $31 Balance $ 7,360 26,160 6,260 6,229 6,229 1. In addition to the balance in its bank account, Hills Company also has $420 of petty cash on hand. This amount is recorded in a separate account called Petty Cash on Hand. What is the total amount of cash that should be reported on the balance sheet at June 30?
for 5, 6, and 7