Reconcile the balances

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: Pharoah Service Company had checks outstanding totaling $28600 on its May bank reconciliation. In…

A: An outstanding check is a check that a company has issued and recorded in its general ledger…

Q: Swifty Company had checks outstanding totaling $9100 on its June bank reconciliation. In July,…

A: Bank Reconciling statement mainly helps in simply comparing the internal financial records against…

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: Your checkbook balance shows $706.50. The bank statement shows $772.77. The bank paid $2.50…

A: Bank statement refers to a statement that shows the debit or credit in the customer accounts of the…

Q: Properly fill out the deposit slip for The Star Vista Corp. based on the following information.…

A: $11,087.65 is determined as net depositExplanation:To prepare the deposit slip…

Q: Prepare its bank reconciliation using the above information. Del Gato Clinic's cash account shows…

A: Bank reconciliation is a statement prepared to find out the causes of the difference between the…

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: The following data have been gathered for Syncronics, Inc.: Thė July 31 bank balance was $4,000, b.…

A: Preparation of the July 31 bank reconciliation for Syncronics, Inc is as follows:

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: 5. A credit note attached to the bank statement indicates that the bank has recovered a bill…

A: The objective of this question is to prepare a bank reconciliation statement for Collette Inc. for…

Q: Using the following information, prepare a bank reconciliation for Quincy Co. for May 31 of the…

A: Bank reconciliation statement is the statement which is prepared by the entity to reconcile the…

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: Olde Shoppe has the following information at August 31: • Two deposits made on August 31 were not on…

A: Ideally cash balance as per cashbook and bank balance as per bank statement must reconcile with each…

Q: Alexix Gracie's current checkbook balance is $8,900.15. She opened up the bank statement and saw the…

A: Bank Balance :- $ 7000.10 Checkbook Balance :- $ 8900.15

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: 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: 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: 1) Prepare a bank reconciliation dated December 31, 2020, for Welcome Inc. based on the following…

A: Here credit memo should  be added back to balance as per books

Q: Ben Luna received his bank statement with a $31.52 fee for a bounced check (NSF). He has an $919.20…

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

Q: When the bank statement is received on July 3, it shows a balance, before reconciliation, of $6,120…

A: Bank reconciliation statement ( BRS ): BRS is prepared usually at the end of every month. it is…

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

A: Bank Reconciliation is prepared to reconcile the balance per book with the balance per bank. Any…

Q: Iron Company receives a bank statement dated April 30 that shows a balance of $3,276.82. Iron’s…

A: BANK RECONCILIATION   In a Simple Word, Reconciling the Balance as Shown in the Cash Book and Pass…

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

A: Introduction: An outstanding check is a cheque payment that the issuing entity has recorded but has…

Q: Your checkbook balance shows $706.50. The bank statement shows $772.77. The bank paid $2.50…

A: Bank reconciliation statement is the record of transactions made through bank. It helps in tallying…

Q: On May 27, you received your bank statement showing a balance of $1,026.34. Your checkbook shows a…

A: Bank Reconciliation Statement: It is also called BRS. BRS is prepared to reconcile the cash balance…

Q: give answer of this question please

A: Step 1:Company's cash account balance (per books): $851Step 2:Step 3:Step 4:  The amount of money in…

Q: The beginning checkbook balance of Shamma Co. was $5,559.10. The bank statement showed a bank…

A: A bank reconciliation statement is prepared by the management at a particular time period. It helps…

Q: (a.) The June 30 balance shown on the bank statement is $5,796. (b.) Outstanding checks at June 30…

A: 1. Bank Reconciliation for Show Me, Inc., as of June 30.Bank Statement Balance: $5,796Add: Deposit…

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.