Tamarisk, Inc. assembled the following information in completing its March bank reconciliation: Balance per bank $14792 Outstanding checks $2580 Deposits in transit $4200 NSF check $266 Bank service charge $80 Cash balance per books $14640 As a result of this reconciliation, Tamarisk will reduce its cash account by $1620. O reduce its cash account by $80. O increase its cash account by $186. O reduce its cash account by $346.

Tamarisk, Inc. assembled the following information in completing its March bank reconciliation: Balance per bank $14792 Outstanding checks $2580 Deposits in transit $4200 NSF check $266 Bank service charge $80 Cash balance per books $14640 As a result of this reconciliation, Tamarisk will reduce its cash account by $1620. O reduce its cash account by $80. O increase its cash account by $186. O reduce its cash account by $346.

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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Larkspur Wholesale Company assembled the following information in completing its March bank reconciliation: Balance per bank $14500 Outstanding checks $2950 Deposits in transit $4750 NSF check $300 Bank service charges $95 Cash balance per books $16695 As a result of this reconciliation, Larkspur will O O O increase its cash account by $205. O reduce its cash account by $95. reduce its cash account by $395. O reduce its cash account by $1800.
Oakwood Company gathered the following reconciling information inpreparing its June bank reconciliation:Cash balance per books, 6/30 $12,600 Deposits in transit 900 Notes receivable and interest collected by bank 2,220 Bank charge for check printing 75 Outstanding checks 4,500 NSF check 420 The adjusted cash balance per books on June 30 is a. $15,225b. $14,820c. $14,325d. $15,165
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Bank Reconciliation Components ldentify the requested amount in each of the following situations: a. Howell Company's August 31 bank reconciliation shows deposits in transit of $3.400 The general ledger Cash in Bank account shows total cash receipts during September of $92.200. The September bank statement shows total cash deposits (and no credit memos) of $89.000. What amount of deposits in transit should appear in the September 30 bank reconciliation? b Wright Corporation's March 31 bank reconciliation shows deposits in transit of $2.600. The general ledger Cash in Bank account shows total cash receipts during April of S64 100. The April bank statement shows total cash deposits of S67200 (including $3,000. from the collection of a note: the note collection has not yet been recorded by Wright what amount of deposits in transit should appear in the April 30 bank reconciliation? Braddock Company's october 31 bank reconciliation shows outstanding checks of $3600.…
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