Hello expart Provide answer the general accounting question The bank statement balance of $9,500 doesnot include a check outstanding of $1,200, adeposit in transit of $350, and anothercompany's $300 check erroneously chargedagainst your firm's account. The reconciledbank balance is:a. $8,750b. $9,000c. $8,950d. $9,100

Step 1: Define Reconciled Bank BalanceThe reconciled bank balance is the corrected balance after…

Answered: The bank statement balance of $9,500…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 2CE

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Similar questions

Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance: $5,577 Deposits in transit: $1,546 Outstanding checks: $956 Interest income: $56 NSF check: $456
Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance: $2,547 Deposits in transit: $321 Outstanding checks: $108 and $334 Bank charges: $25 Notes receivable: $1,000; interest: $35
Domingo Company received the following bank statement. Using PA9, prepare the bank reconciliation.
Using the following information, prepare a bank reconciliation. Bank balance: $6,988 Book balance: $6,626 Deposits in transit: $1,600 Outstanding checks: $599 and $1,423 Bank charges: $75 Bank incorrectly charged the account $75. The bank will correct the error next month. Check number 2456 correctly cleared the bank in the amount of $234 but posted in the accounting records as $324. This check was expensed to Utilities Expense.
Hajun Company received the following bank statement. Using the information from PB9 and PB10, prepare the bank reconciliation.
Which of the following items are found on a book side of the bank reconciliation? A. beginning bank balance B. outstanding checks C. interest income D. error made by bank
The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes receivable collected by bank: $1,000; interest: $20 Outstanding checks: $569 Error by bank: $300 Bank charges: $30 Prepare the correcting journal entry.
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Problem: The bank statement balance of $7,000 does not include a check outstanding of $1,000, a deposit in transit of $275, and another company's $250 check erroneously charged against your firm's account. The reconciled bank balance is__?

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The bank statement balance of $9,500 does not include a check outstanding of $1,200, a deposit in transit of $350, and another company's $300 check erroneously charged against your firm's account. The reconciled bank balance is: a. $8,750 b. $9,000 c. $8,950 d. $9,100