The bank statement shows a balance of $12,000. There are $1,000 in outstanding checks and a $500 deposit in transit.What is the adjusted cash balance?
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The bank statement shows a balance of $12,000. There are $1,000 in outstanding checks and a $500 deposit in transit.
What is the adjusted cash balance?
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- Using the following information, determine the adjusted bank balance. Bank balance: $6,925 Deposits in transit: $1,932 Outstanding checks: $584 Interest income: $130 NSF check: $275Consider the following: Cash in Bank - checking account of $19100, Cash on hand of $510, Post-dated checks received totaling $3540, and certificates of deposit totaling $123000. How much should be reported as cash in the balance sheet? O $23150. O $135400. O $19100. O $19610.A company shows an ending balance of $790. The bank statement shows a $14 service charge and an NSF check for $150. A $280 deposit is in transit, and outstanding checks total $310. What is their adjusted cash balance?
- The checkbook balance is $19,250.17. The total fees or charges deducted by the bank is $28.50.The interest credit is $50.19. Determine the adjusted checkbook balance.Based on the following information, determine the true balance in your checking account. Balance in your checkbook Balance on bank statement $ 453 597 23 Interest earned on the account Total of outstanding checks Deposits in transit Service charge and other fees True balance $6 223 62Q. 18. A check register shows a balance of $2,100.00 before adding a deposit of $191.11 and writing two checks for $921.34 and $89.77. Compute the new cash balance shown in the check register.
- Refer to the information given below: a. The June 30 cash balance in the general ledger is $1,940. b. The June 30 balance shown on the bank statement is $1,168. c. Checks issued but not returned with the bank statement were Number 712 for $33 and Number 723 for $160. d. A deposit made late on June 30 for $800 is included in the general ledger balance but not in the bank statement balance. e. Returned with the bank statement was a notice that a customer's check for $120 that was deposited on June 24 had been returned because the customer's account was overdrawn. f. During a review of the checks that were returned with the bank statement, it was noted that the amount of Check Number 728 was $72 but that in the company's records supporting the general ledger balance, the check had been erroneously recorded as a payment of an account payable in the amount of $27. Required: Prepare a bank reconciliation as of June 30 from the above information. Note: Total the entries of the same account…A check register shows a balance of $484.95. The bank statement shows a cash balance of $506.27. The check register shows an outstanding check for $27.82. The bank statement shows a service charge of $6.50. Compute the adjusted balance of the check register and the bank statement. 467.45 578.45 None of the above 487.45 $478.45On May 27, you received your bank statement showing a balance of $1,026.34. Your checkbook shows a balance of $1,056.29. Outstanding checks are $245.50 and $377.20. The account earned $62.59. Deposits in transit amount to $705.24, and there is a service charge of $10.00. Calculate the reconciled balance. $29.95 $943.80 O $1,003.70 O $1,108.88
- On December 10, you receive your bank statement showing a balance of $2,984.86. Your checkbook shows a balance of $2,773.73. Outstanding checks are $389.81 and $172.56. The account earned $124.88. Deposits in transit amount to $471.12, and there is a service charge of $5.00. Calculate the reconciled balance. O $211.13 O $2,653.85 O $2,893.61 O $4,018.35the following bank information: cash balance per bank $8,070, outstanding checks $722, deposits in transit $1,481, and a bank service charge $24. Determine the adjusted cash balance per bank at July 31. Adjusted cash balance per bank $On December 10, you receive your bank statement showing a balance of $2,984.04. Your checkbook shows a balance of $2,775.93. Outstanding checks are $384.81 and $179.56. The account earned $127.88. Deposits in transit amount to $478.14, and there is a service charge of $6.00. Calculate the reconciled balance. a) $208.11 b) $2,654.05 c) $2,897.81 d) $4,026.55