st .fhm K The following information is needed to reconcile the cash balance for Gourmet Catering Services. "A deposit of $5,800 is in transit. * Outstanding checks total $1,100. *The book balance is $6,000 at February 28, 2025. The bookkeeper recorded a $1,500 check as $17,400 in payment of the current month's rent The bank balance at February 28, 2025 was $15,430. A deposit of $200 was credited by the bank for $2,000. A customer's check for $3,500 was returned for nonsufficient funds The bank service charge is $70. What was the adjusted book balance? OA. $15,500 OB. $18,400 OC. $18,330 OD. $18,470 This question, pou

st .fhm K The following information is needed to reconcile the cash balance for Gourmet Catering Services. "A deposit of $5,800 is in transit. * Outstanding checks total $1,100. *The book balance is $6,000 at February 28, 2025. The bookkeeper recorded a $1,500 check as $17,400 in payment of the current month's rent The bank balance at February 28, 2025 was $15,430. A deposit of $200 was credited by the bank for $2,000. A customer's check for $3,500 was returned for nonsufficient funds The bank service charge is $70. What was the adjusted book balance? OA. $15,500 OB. $18,400 OC. $18,330 OD. $18,470 This question, pou

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section: Chapter Questions

Problem 2AP

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The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc. *A deposit of $5,700 is in transit. * Outstanding checks total $1,000. * The book balance is $6,400 at February 28, 2025. The bookkeeper recorded a $1,500 check as $17,100 in payment of the current month's rent. * The bank balance at February 28, 2025 was $18,410. * A deposit of $500 was credited by the bank for $5,000. * A customer's check for $3,300 was returned for nonsufficient funds. * The bank service charge is $90. What was the adjusted book balance? A. $18,500 B. $18,610 C. $18,700 D. $18,790
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The Cash account of Salety Security Systema reported a balanoe of $2410 at December 31, 2024. There were outstanding checks totaing $2,000 and a December 31 deposit in transt of 5400. The bark statement, which came from Park Cites Bank, listed the December 31 balance of $4,530. Included in the bark balance was a colection of $530 on account from Jane Lindsey, a Safety oustomer who pays the bank directly The bank statement also shows a $30 service charge and $20 of interest revenue that Safety eamed on ts barik balance. Prepare Safety's bank reconciliation at December 31, Safety Security Systems Bank Reconcillation December 31, 2024 Bank: Balance, December 31, 2024 ADD LESS Adusted hank balance, December 31, 2024 Book Balance, Docombor 31, 2024 ADD: LESS Adjusted book balance, December 31, 2024
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Jessie has a cash account per general ledger that shows a balance of $78,659 atOctober 31, 2021. Bank statement from Ocean Paradise Bank on that dateshows the following date shows the following balance. 31 October Amount $88,080 Comparison of checking account details with cash account details reveals factsas follows.1. A note receivable of $13,070 was invoiced by the bank for Jessie on the 14thOctober plus $713 interest and the bank has charged $137 on the billing. No interest has been recognized on these notes.2. Check No. 175 the amount of $5,741 was entered in the cash journal as $5,471and Check No. 189 of $2,040 was entered in the cash journal as$2,400. Both checks have been issued to pay for the purchase of supplies.3. The bank has charged Jessie account. for customer unbilled checks amounting to $789 on October 23. 4. Deposit in progress is $7,388 and outstanding check no. 123 on October 28totaling $5,309.5. There was a canceled check issued by Kenny to Leo for $2,079 that was…
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The following information is needed to reconcile the cash balance for Monique Company.• A deposit of $5,800 is in transit.• Outstanding checks total $1,500.• The book balance is $9,800 at February 28, 2018.• The bookkeeper recorded a $1,740 check as $17,400 in payment of the current month's rent.• The bank balance at February 28, 2018 was $21,000.• A deposit of $400 was credited by the bank for $4,000.• A customer's check for $3,700 was returned for nonsufficient funds.• The bank service charge is $60.Based on this information, prepare a bank reconciliation for Monique Company as of February 28, 2018.
Del Gato Clinic's Cash account shows a debit balance for $20,525 and its bank statement shows $18,600 on deposit at the close of business on 6/30. Determine the adjusted cash balance for Del Gato using the following information from the bank statement and choose the correct answer: Deposit in transit Outstanding checks Bank service fees, not yet recorded by company A NSF check from a customer, not yet recorded by the company Multiple Choice O O O $19,575 $24,850 $20,465 $19,550 $13,300 $ $ $ $ 6,250 5,300 60 915
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The following information is needed to reconcile the cash balance for Woods Paper Products. • A deposit of $5,794.62 is in transit.• Outstanding checks total $1,533.25.• The book balance is $5,695.62.• The bookkeeper recorded a $1,524.00 check as $15,240 in payment of the current month'srent.• The bank balance at February 28, 2008, was $16,500.25.• A deposit of $300 was credited by the bank for $3,000.• A customer's check for $1,280 was returned for nonsufficient funds.• The bank service charge is $70. Required:Prepare company’s adjusted cash book and bank reconciliation for February 2013.