R&L Company provided the following bank reconciliation on May: Balance per bank 2,100,000 Deposit Outstanding 300,000 Checks Outstanding ( 50,000) Correct Cash Balance 2,350,000 Balance per book 2,360,000 Bank Service Charge ( 10,000) Correct Cash Balance 2,350,000 Data for the Month of June Bank Book Checks Recorded 2,300,000 2,400,000 Deposits Recorded 1,700,000 1,800,000 Collection by bank, plus interest 550,000 NSF Check returned with June 100,000 Balance 1,950,000 1,750,000   What is the amount of checks Outstanding on June? * What is the amount of deposit in transit on June?

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A: Bank Reconciliation Statement is a statement which is prepared to adjust the difference in balance…

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Q: adjusted cash balance p

A:

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A: Answer:- Bank reconciliation meaning:- A bank reconciliation is the procedure through which a person…

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Q: Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a…

A: Answer 1:

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A:

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Q: Kindly answer numbers 1-4.

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A: GIVEN   Thompson Corporation gathered the following reconciling information in preparing its…

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A: Calculation of Adjusted cash balance as below:

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Q: Get the Solution

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.