Properly fill out the deposit slip for The Star Vista Corp. based on the following information. (Enter the checks in the order given.) date: July 8, 20 x $1,670 in currency $61.25 in coins checks in the amount of $3,455.94, $4,438.79, and $ 1,461.67

Properly fill out the deposit slip for The Star Vista Corp. based on the following information. (Enter the checks in the order given.) date: July 8, 20 x $1,670 in currency $61.25 in coins checks in the amount of $3,455.94, $4,438.79, and $ 1,461.67

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: In the month of April, Mazaya Company Inc. wrote checks in the amount of R.O.18,500. In May, checks…

A: 1. Outstanding checks at the end of May = Check written in April - Check presented in April = RO…

Q: The Cash account of Salety Security Systema reported a balanoe of $2410 at December 31, 2024. There…

A: Bank reconciliation statement is prepared to reconcile cash balance as per cash book and bank…

Q: The checkbook balance is $19,250.17. The total fees or chargers deductive by the bank is $28 and 50…

A: The checkbook shows the balance in the bank statement as per the books of the bank. This includes…

Q: Prepare a bank reconciliation as of July 31,

A: Check No Amount 1823 $ 120.00 2500 $ 255.00 2517 $ 332.00 2518 $ 115.00 2519 $…

Q: A) Prepare a bank reconciliation for Finac Company using the above information B) Journalize any…

A: The financial statement being prepared by the management or accountant after receiving the bank…

Q: Jordan Corporation received a bank statement showing a balance of $14,400 as of October 31, 20X1.…

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

Q: On December 15, you received your bank statement showing a balance of $2,275.34. Your checkbook…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: On November 3, Micah Asuncion received from the bank her bank statement for the month of October.…

A: Bank Reconcilation: It is a statement prepared by an enterprise to compare the bank transactions…

Q: LMN Company has a June 30 year-end and maintains three bank accounts: City Bank-Regular, City…

A: Journal entry is the method of recording financial transactions in the book of original entries by…

Q: Checks issued from November purchases amounting to $90,100 was reflected in December bank statement.…

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

Q: On April 30, the bank reconciliation of Metlock, Inc. shows three outstanding checks: no. 254, $630;…

A: The check that has been issued by the payor but not placed or cashed by the payee due to several…

Q: On November 30, Brown Sugar Plc has the below information related to cheques and cash: The bank…

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

Q: the following bank information: cash balance per bank $8,070, outstanding checks $722, deposits in…

A: Bank reconciliation: Bank reconciliation is a statement which is prepared to reconcile the cash…

Q: On March 1, your checkbook balance is $565.02, and the bank statement balance is $464.07. An…

A: Bank Reconcilation: It is the method involved with matching the balance in bank balance as per…

Q: 15. See below for a portion of Elizabeth Hallett's bank statement. Her previous balance was $271.31.…

A: A bank statement is an official summary of financial transactions occurring within a given period…

Q: Dottie's Yarn Shop deposits all receipts in the bank and makes all payments by check. On July 31 the…

A: Bank reconciliation is the statement which is prepared by the entity for the purpose of reconciling…

Q: As of June 30, Year 1, the bank statement showed an ending balance of $18,098. The unadjusted Cash…

A: Answer:- Journal entry:- The act of maintaining or creating records of any transactions, whether…

Q: Using the following information, prepare the journal entries to reconcile the bank statement. • Bank…

A: Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own…

Q: Using the following information, prepare the journal entries to reconcile the bank statement. Bank…

A: Journal entries refers to the act of systematically keeping or recording all the financial…

Q: enry Inc. is preparing the monthly bank reconciliation of its checking account balance for the month…

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

Q: On December 10, you receive your bank statement showing a balance of $2,984.86. Your checkbook shows…

A: ANSWER:- Reconciled balance = $2,893.61 EXPLANATION:- Unadjusted bank balance = $2,984.86 Deposit…

Q: On November 30, Hernandez Company's bank statement showed an ending balance of $37,361. The…

Q: Reconcile a bank statement with a checkbook balance. CHECK REGISTER CHECK TO-DEPOST NORMATION DATE…

A: A bank reconciliation statement is prepared to identify the reason for the difference between the…

Q: The checkbook balance is $8,850. The total fees or charges deducted by the bank is $8.15.The…

A: Checkbook statements also contains interest income & service charges of banks along with other…

Q: The checkbook balance is $19,250.17. The total fees or charges deducted by the bank is $28.50.The…

A: Given, Checkbook balance=$19,250.17. Total fees or charges deducted=$28.50. Interest credit=$50.19.

Q: At October 31, Matrah Company has this bank information: cash balance per bank RO 8,950; outstanding…

Q: Beeler Furniture Company deposits all cash receipts each Wednesday and Friday in a night depository…

A: Bank reconciliation is the process of comparing a bank account balance between that balance as…

Q: In the month of March, Mazaya Company Inc wrote checks in the amount of R.O 45.620. In April, checks…

A: Outstanding checks at the end of March = Check written in March - Checks presented to the bank…

Q: Which of the following is considered cash? a. Thirty-day certificate of deposits b. Customer’s…

A: Cash is very important current asset for the business, which is shown in balance sheet of the…

Q: Using the following information, prepare the journal entries to reconcile the bank statement. Bank…

A: Balance as per cash book $2,849 Balance as per bank book $4,178 Add: Notes receivables $1000 Add:…

Q: On December 3, you received your bank statement showing a balance of $5,055.06. Your checkbook shows…

A: Bank reconciliation statement: The bank reconciliation statement commonly referred to as BRS is a…

Q: Reconcile the bank statement using the form below and the following information 16. 15. The…

A: Bank reconciliation statement reconciles the bank balance with the check book balance. The…

Q: Prepare a bank check for 34,567.87 payable to Meralco for the electric bill.  Prepare a bank check…

A: To prepare or fill a check, first we need to understand the meaning of the check and items to filled…

Q: In the month of November, Kingbird, Inc. wrote checks in the amount of $ 63300. In December, checks…

A: Here in this question, we are required to calculate check outstanding at the end of December. For…

Q: A check register shows a balance of $484.95. The bank statement shows a cash balance of $506.27. The…

A: Check register is also know as a cash disbursements journal which implies to a document containing…

Q: statement with a checkbook balance. CHECK REGISTER HECK NUMBER CHECK TO-DEPOSIT INFORMATION DEPOSIT…

A: The check register records the cash deposit abd and check issued transaction.

Q: rangelina Adoption Agency's general ledger shows a cash balance of $4,582. The balance of cash in…

A: Checks that have been drawn by the company but have not been deducted from the bank balance are…

Q: Bank XYZ has a published ledger cutoff time of 3:00 p.m. Company ABC deposits a check drawn on a St.…

A: A ledger cut off time is the time of the day when the bank should receive the deposit to be posted…

Q: cash balance shown in the check register.

A: A check register is a personal accounting tool used to record and track financial transactions. It…

Q: Instructions Labels and Amount Descriptions The cash account for Norwegian Medical Co. at April 30…

A: Ideally cash balance as per cashbook must reconcile with bank balance as per bank statement. If…

Q: At November 30, Mazaya Company has the following bank information: cash balance per book R 04,600;…

A: Particulars Amount Cash balance per books RO 4,600 Add: interest RO 10 Less: Bank charges RO…

Q: Required information [The following information applies to the questions displayed below.] Del Gato…

A: Deposits in transit refers the sum of money which has been received and recorded by the organization…

Q: 7. Monet’s checkbook at the end of October showed a balance of ₱22,189.50. An examination of the…

A: The income statement of the company will be prepared, and maintained by the management which will…

Q: On august 31, baginski aunt company receives its bank statement on below. The company deposit it’s…

A: Answer 1)

Q: The following data maybe few of your considerations to determine the beginning balance of the…

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

Q: need the answer quickly

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

Q: e following information, determine the adjusted bank balance. Bank balance: $6,925 Deposits in…

A: Solution: Adjusted bank balance is the balance of bank after adjusting for cash transaction which…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 1 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Franklin Company deposts all cash receipts on the day they are received and makes all cash payments by check. At the dove of business on August 31. as Cash account shows a debit balance of $13362 Franke's August tiank statement shows a $14.237 balance in the bank Determine the adjusted cash balance using the following information Deposit in transit Outstanding checks Bank service fees, not yet recorded by company The bank collected on a note receivable, not yet recorded by the company The adjusted cash balance should be O O O C $1873 $10.333 SHUBEY saja Help Seve&ait $4,500 $3,000 $50 $1,725
Please Provide Answer in text Formate
On December 10, you receive your bank statement showing a balance of $2,981.97. Your checkbook shows a balance of $2,782.86. Outstanding checks are $387.86 and $175.56. The account earned $122.85. Deposits in transit amount to $479.16, and there is a service charge of $8.00. Calculate the reconciled balance. O $199.11 $2,668.01 $2,897.71 O $4,024.55
please step by step solution.
3. Your checkbook balance was $492.16 on September 3. Use the check register below to record the following transactions: On 9/5, check # 442 for $102.06, payable to Lenny's Deli; on 9/6, check # 443 for $228.00, payable to Merchant's Bank; on 9/10, a deposit of $350.00; on 9/12, check #444 for $35.79, payable to Home Pharmacy. Trans Type Date Description of Transaction Payment / Debit ✓ Deposit / Credit (+) or Check # (-) Balance Brought Forward Balance
On May 27, you received your bank statement showing a balance of $1,026.34. Your checkbook shows a balance of $1,056.29. Outstanding checks are $245.50 and $377.20. The account earned $62.59. Deposits in transit amount to $705.24, and there is a service charge of $10.00. Calculate the reconciled balance. $29.95 $943.80 O $1,003.70 O $1,108.88
The new balance from a bank statement is $16,835.55. The deposits not yet recorded by the bank are $2058.05, $92.91 and $1052.27. The checks outstanding are $352.85, $188.14, $144.73 and $81.20. Determine the adjusted bank balance.
give answer of this question please
Based on the following information, determine the true balance in your checking account. Balance in your checkbook Balance on bank statement $ 453 597 23 Interest earned on the account Total of outstanding checks Deposits in transit Service charge and other fees True balance $6 223 62
Math Corp's checkbook balance on Dec 31 was P27,200. In addition ABC held the following items in its safe: 1. A check for P450 from a customer received on Dec 30 and not yet recorded in the books 2. An NSF check from another customer, P700 was returned by the bank on Dec29. The check was redeposited the following month. 3. Coins and currencies, P1,450 The proper amount to be reported on ABC 's balance sheet for cash at Dec 31 is? 26,950 27,500 27,950 28,400
Peterson Company's general ledger shows a cash balance of $7,720 on May 31. May cash receipts of $1,340, included in the general ledger balance, are placed in the night depository at the bank on May 31 and processed by the bank on June 1. The bank statement dated May 31 shows an NSF check for $190 and a service fee of $60. The bank processes all checks written by the company by May 31 and lists them on the bank statement, except for one check totaling $1,710. The bank statement shows a balance of $7,840 on May 31. Prepare a bank reconciliation to calculate the correct ending balance of cash on May 31. (Amounts to be deducted should be indicated with a minus sign.) Bank's Cash Balance Before reconciliation After reconciliation PETERSON COMPANY Bank Reconciliation May 31 SA Company's Cash Balance Before reconciliation 0 After reconciliation SA 0
On December 15, you recieved your bank statement showing a balance of $2270.32. Your checkbook shows a balance of $2433.33. Outstanding checks are $225.50 and $356.20. The account earned $77.52. Deposits in transit amount to $805.23, and there is a service charge of $17.00. Calculate the reconciled balance. options are: a. 163.01 b. 2046.79 c. 2372.81 d. 2493.85