Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31. Cash balance per books, 5/31 $3,343 Deposits in transit 184 Notes receivable and interest collected by bank 893 Bank charge for check printing 41 Outstanding checks 1,462 NSF check 195 Oa. $1.077 Ob. $4,000 Oc. $2,065 Od. $2,763

Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31. Cash balance per books, 5/31 $3,343 Deposits in transit 184 Notes receivable and interest collected by bank 893 Bank charge for check printing 41 Outstanding checks 1,462 NSF check 195 Oa. $1.077 Ob. $4,000 Oc. $2,065 Od. $2,763

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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Jones Company collected the following information to prepare its May bank reconciliation: Cash balance per books, May 31 $5,300 Deposits in transit 510 Notes receivable with interest collected by bank 580 Bank service charges 30 Outstanding checks 180 NSF check 150 How much is the adjusted cash balance per books on May 31? $6,210 $5,700 $5,810 $5,660
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Using the following information: The bank statement balance is $5,289. The cash account balance is $5,764. Outstanding checks amounted to $751. Deposits in transit are $1,174. The bank service charge is $43. A check for $71 for supplies was recorded as $62 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co.Bank ReconciliationMay 31 Cash balance according to bank statement $fill in the blank 1 Adjustments: $fill in the blank 3 fill in the blank 5 Total adjustments fill in the blank 6 Adjusted balance $fill in the blank 7 Cash balance according to company's records $fill in the blank 8 Adjustments: $fill in the blank 10 fill in the blank 12 Total adjustments fill in the blank 13 Adjusted balance $fill in the blank 14
Michelle Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records June 30 Bank Reconciliation Balance per bank $36,400 Add Deposits in transit 8,008 Deduct: Outstanding checks (10.400) Balance per books $34,008 Month of July Results Per Bank Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge $44.980 Per Books $48.100 23,400 30.212 20.800 16,120 7.800 78 July NSF check from a customer, returned by the bank (recorded by bank as a chargel 1742 (a) Your answer is correct Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance, Outstanding checks from the June reconciliation cleared the bank in July
Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31. Cash balance per books, May 31 $3,259 Deposits in transit 212 Notes receivable and interest collected by bank 919 Bank charge for check printing 38 Outstanding checks 1,913 NSF check 157 Oa. $2,320 Ob. $3,983 Oc. $1,131 Od. $1,558
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At November 30, One Day Cleaners has available the following data concerning its bank checking account: PROBLEM 7A-2 Preparing a Bank Reconcil- 1 At November 30, cash per the bank statement was $37,758; per the accounting records, $42,500. lation 2 The cash receipts of $6,244 on November 30 were deposited on December 1. 3 Included on the bank statement was a credit for $167 interest earned on this checking account during November. 4 Two checks were outstanding at November 30: no. 921 for $964 and no. 925 for $1,085. 5 Enclosed with the bank statement were two debit memoranda for the following items: service charge for November, $14; and a $700 check of customer Tanya Miller, marked "NSF." INSTRUCTIONS a Prepare a bank reconciliation at November 30. b Prepare adjusting entries (in general journal form) based on the bank reconcili- ation.
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Derek Company gathered the following reconciling information in preparing its September bank reconciliation: Cash balance per books, 9/30 $2,945 Deposits in transit 568 Notes receivable and interest collected by bank 873 Bank charge for check printing 27 Outstanding checks 1,207 NSF check 145 Find the adjusted cash balance per books on September 30. Select the correct answer. $3,007 $2,306 $3,152 $3,646
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