At the end of the accounting year, December 31, 2004, a company had apetty cash fund balance of $600, a chequing account balance of$34,000 in Bank A, an overdraft of $800 with Bank B, and $4,000 incustomer payments in the form of money orders. Assuming no otherdifferences between the company books and the bank balances, whatcash amount should the company report on its 2004 balance sheet?Select one:A. $38,800B. $37,800C. $37,200D. $38,600

Cash Balance in the balance sheet will include cash , cash at bank and investments that can be…

Answered: s in the form of money orders. Assuming…

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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Prepare the bank reconcilation statement (Format in the picture added)
accounts transaction for deposited Rm 11000 of the business cash into the bank account
Presented below is information related to Shamrock Inc. Balance per books at October 31, $58,586.99; receipts $242,933.47; disbursements $230,850.96. Balance per bank statement November 30, $78,783.88. The following checks were outstanding at November 30. 1224 $2,289.41 1230 1232 1233 3,455.62 (a) 2,975.21 675.04 Included with the November bank statement and not recorded by the company were a bank debit memo for $38.36 covering bank charges for the month, a debit memo for $520.98 for a customer's check returned and marked NSF, and a credit memo for $1,960 representing bond interest collected by the bank in the name of Shamrock Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $2,681.56. Prepare a bank reconciliation (to the correct balance) at November 30, for Shamrock Inc. from the information above. (Enter answers to 2 decimal places, e.g. 125.62.)
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The following extract from the cash book of John for the month of January shows thecompany’s bank transactions:RM RM01 Jan Balance b/f 600 18 Jan Ali 14513 Jan Uno 224 28 Jan PBA 7231 Jan Latif 186 30 Jan TNB 10931 Jan Balance c/f 6841,010 1,010The company’s bank statement for the same period is as follows: Debit (RM) Credit (RM) Balance (RM)01 Jan Balance 63503 Jan Halim 35 60013 Jan Uno 224 82423 Jan Ali 145 67931 Jan Standing order 30 649Required:a. Prepare a corrected cash book using the information given above. b. Draw up a bank reconciliation statement.
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prepare journa entries and bank rencoliation
The controller of Sim Company is trying to determine the amount of cash and cash equivalents to be reported on its December 31, 2021 statement of financial position. The following information is provided: a. Balances in the company's accounts at BPI bank: Checking account - P540,000 Savings account - P884,000 b. Undeposited customer checks of P208,000. c. Currency and coins on hand of P23,200. d. Savings account at PNB with a balance of P350,000. This account is being used to accumulate cash for future plant expansion (in 2023). e. P800,000 balance in checking account at PNB. In exchange for a line of credit, Sim has agreed to maintain a minimum balance of P100,000 in this account. f. Treasury bills: 30-day maturity bills totaling P600,000, and 180-day bills totaling P800,000. What total amount of cash and cash equivalents should be reported in the current asset section of the 2021 statement of financial position?

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s in the form of money orders. Assuming en the company books and the bank bala d the company report on its 2004 balam