Window HelpFileView History BookmarksEditA education.wiley.com口w https://msroederbhs.weebly.ccwP NWP Assessment Player UI ApplicationQuiz 22- /3Question 10 of 10 < *View PoliciesCurrent Attempt in ProgressGiven the following information, determine the adjusted cash balance per books from the following information:a.Balance per books as of June 30, $8,600.b.Outstanding checks, $820.С.NSF check returned with bank statement, $130.d.Deposit mailed the afternoon of June 30, $300.Check printing charges, $30.е.f.Interest earned on checking account, $12.Adjușted cash balance per books$Save for LaterAttempts: 0 of 1 usedSubmit Ansv7,288MAR4のCtv N...MacBoo80000000心DIIDDF1F2F3F4F5F6F7F8F9F1@#$%&2345 16% DFri 12:09w History Bookmarks Window HelpA education.wiley.comW https://msroederbhs.weebly.com/uploads/2/2/4/0/2240201NWP Assessment Player UI ApplicationQuiz 2-/3 EQuestion 1 of 10View PoliciesCurrent Attempt in ProgressPresented here are the components in Bradley Company's income statement. Determine the missing amounts.NetOperatingExpensesCost ofGrossSalesIncomeGoods SoldProfitRevenue2$$17,000$35,000$75,000$86,000$59,000$48.000Attempts: 0 of 1 usedSubmit AnswerSave for Latertv80888DIDDF3F4F5F6F7F8F9F10F11@#$%A&+234789{[WRYP

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Question 10 of 10 <* View Policies Current Attempt in Progress Given the following information, determine the adjusted cash balance per books from the following information: a. Balance per books as of June 30, $8,600. b. Outstanding checks, $820. C. NSF check returned with bank statement, $130. d. Deposit mailed the afternoon of June 30, $300. e. Check printing charges, $30. f. Interest earned on checking account, $12. Adjusted cash balance per books 2$

Question 10 of 10 <* View Policies Current Attempt in Progress Given the following information, determine the adjusted cash balance per books from the following information: a. Balance per books as of June 30, $8,600. b. Outstanding checks, $820. C. NSF check returned with bank statement, $130. d. Deposit mailed the afternoon of June 30, $300. e. Check printing charges, $30. f. Interest earned on checking account, $12. Adjusted cash balance per books 2$

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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Question 2 Sage Hill Inc.’s bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,585 Bank debit memorandum: August deposits 71,185 Safety deposit box fee $ 40 Checks cleared in August 68,663 Service charge 65 Bank credit memorandum: Balance, August 31 21,062 Interest earned 60 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,885; receipts $74,185; disbursements $73,555; and balance, August 31, $19,515. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,815 and outstanding checks of $4,515. In addition, you determine that there was an error involving a company check drawn in August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40.…
Journalizing Cash Payments Transactions Enter the following cash payments transactions in a general journal: Sept. 5 Issued Check No. 318 to Whittle Corp. for merchandise purchased August 28, $5,000, terms 2/10, n/30. Payment is made within the discount period. 12 Issued Check No. 319 to Martin Company for merchandise purchased September 2, $8,500, terms 1/10, n/30. A credit memo had been received on September 8 from Martin Company for merchandise returned, $400. Payment is made within the discount period after deduction for the return dated September 8. 19 Issued Check No. 320 to Cloud Systems for merchandise purchased August 20, $6,100, terms n/30. 27 Issued Check No. 321 to Dynamic Data for merchandise purchased September 17, $7,000, terms 2/10, n/30. Payment is made within the discount period. If an amount box does not require an entry, leave it blank. Page: 16 DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT 1 20-- Sept. 5 1 2 2…
Problem 9.4A (Static) Preparing a bank reconciliation statement and journalizing entries to adjust the cash balance. LO 9-5, 9-6 On August 31, 20X1, the balance in the checkbook and the Cash account of the Sonoma Creek Bed and Breakfast was $13,031. The balance shown on the bank statement on the same date was $13,997. Notes The firm’s records indicate that a $1,600 deposit dated August 30 and a $601 deposit dated August 31 do not appear on the bank statement. A service charge of $28 and a debit memorandum of $230 covering an NSF check have not yet been entered in the firm’s records. (The check was issued by Andy Stein, a credit customer.) The following checks were issued but have not yet been paid by the bank: Check 712, $ 120 Check 713, $ 130 Check 716, $ 250 Check 736, $ 577 Check 739, $ 78 Check 741, $ 120 A credit memorandum shows that the bank collected a $2,095 note receivable and interest of $55 for the firm. These amounts have not…
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ournalizing Cash Payments Transactions Enter the following cash payments transactions in a general journal: Sept. 5 Issued Check No. 318 to Georgetown Inc. for merchandise purchased August 28, $5,500, terms 2/10, n/30. Payment is made within the discount period. 12 Issued Check No. 319 to Martin Company for merchandise purchased September 2, $7,500, terms 1/10, n/30. A credit memo had been received on September 8 from Martin Company for merchandise returned, $500. Payment is made within the discount period after deduction for the return dated September 8. 19 Issued Check No. 320 to Professional Partners for merchandise purchased August 20, $3,900, terms n/30. 27 Issued Check No. 321 to Dynamic Data for merchandise purchased September 17, $9,000, terms 2/10, n/30. Payment is made within the discount period.
Exam 3 (Chapters 5-6) 28 Book The following information is available for Birch Company at December 31 Cash in registers Investment naturing in 9 years Accounts receivable Cash in bank account Accounts payable Cash in petty cash fundi Inventory of postage stamps U.S. Treasury bill maturing in 15 days Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of Multiple Choice O $40.606 $43.091 $38,061 $39,066 $54,261 $ 2,910 $ 16,200 $ 1,775 $ 23,631 $ 770 $ 320 $ 30 $ 11,200
QUESTION 7 Brown Company's bank statement for September 30 showed: Bank statement balance Book balance of cash $4,210 $6,560 The following information was also available as of September 30: a. A customer's check for $950 marked NSF was returned to Brown Company by the bank. In addition, the bank charged the company's account a $30 processine fee. b. The September 30 cash receipts, $6,000 were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement C. Outstanding checks amounted to $3,910. d. A check for rent expense was written for $2,198 but by mistake was recorded in the accounting records as $2,918. Required: Prepare bank reconciliation as of September 30.
Question 4 part A and B ony
Question 7
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Calculator chapter 8 eBook The following June 30 bank reconciliation was prepared for Poway Co. Poway Co. Bank Reconciliation For the Month Ended June 30 $16,185 Cash balance according to bank statement Add outstanding checks: $575 No. 1067 470 1106 1.050 1110 910 3,005 1113 $19,190 6,600 Deduct deposit of June 30, not recorded by bank 512,590 Adjusted balance $8,985 Cash balance according to company's records Addı Proceeds of note collected by banki Principal $6,000 Interest 300 $6,300 Service charges 15 6,315 $15.300 0685 5,400 Deduct: Check returned because of Insufficient funds Error in recording June 17 deposit of S7.150 as 31,750 6,290 s 9,010 Adjusted belance a. Identfy the errors in the above bank reconci lation. Check My Work Assignment Score: 45.08% Type here to search
Chapter 8 The December cash records of Dickson Insurance Cash Receipts Cash Payments Date Cash Debit Check no. Cash Credit Dec, 4 Dec, 9 Dec, 14 Dec, 17 Dec, 31 $4,180 500 510 2,130 1,850 Beg. Balance + Deposits - Checks Dickson's Cash account shows a balance of $17,030 at Dec, 31. On Dec, 31 Dickson Insurance received the following bank statement: Dec, 1 Dec, 5 Dec, 10 Dec, 15 Dec, 18 Dec, 22 1416 1417 1418 1419 1420 1421 1422 End. Balance Dec, 8 Dec, 11(Check no. 1416) Dec, 19 Dec, 22 (Check no. 1417) Dec, 29 (Check no. 1418) Dec, 31 (Check no. 1419) Dec, 31 Bank Statement for December $850 130 630 1,190 1,490 1,100 650 Bank End. Balance Bank Reconciliation EFT BC Book End. Balance NSF EFT SC $600 4,180 500 510 2,130 1,400 $1,000 850 $400 130 630 1,910 $40 $13,900 Total 9,320 BC - Bank Collections, EFT – Electronic Fund Transfer, NSF- Nonsufficient funds checks, SC - Service Charge Total (4,960) - The EFT Deposit was a receipt of rent. The EFT check was an insurance payment. - The…