Get correct answer accounting questions The cash balance per bank statement for Pioneer Logistics is $35,400. However, thecompany's books show a balance of $33,800 due to the following adjustments:• Outstanding checks: $3,000.Deposits in transit: $1,400•What should be the adjusted cash balance?

Step 1: Definition of Adjusted Cash BalanceThe adjusted cash balance refers to the reconciled cash…

Answered: The cash balance per bank statement for…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 5E

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Provide cash balance?
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?
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. A company's bank statement shows a balance of $10,000, while its cash account in the company's records indicates a balance of $9,500. Upon further analysis, the following discrepancies are identified: Outstanding checks total $1,200. • The bank erroneously recorded a deposit of $500 as $50. • The company recorded a check for $800 as $80. • The bank charged a service fee of $25. Calculate the adjusted cash balance after reconciling these discrepancies. Remember to subtract any outstanding checks and bank errors, and add any unrecorded deposits or adjustments to the cash balance to arrive at the adjusted cash balance.
Using the following information: The bank statement balance is $4,044. The cash account balance is $4,369. Outstanding checks amounted to $676. Deposits in transit are $927. The bank service charge is $65. A check for $68 for supplies was recorded as $59 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co.Bank ReconciliationMay 31 Cash balance according to bank statement $ Adjustments: $ Total adjustments Adjusted balance $ Cash balance according to company's records $ Adjustments: $ Total adjustments Adjusted balance $
The bank statement balance is $3,500 and shows a service charge of $24 , interest earned of $3, and an NSF cheque for $100. Deposits in transit total $1,400; outstanding cheques are $450. The bookkeeper mistakenly recorded as $158 a cheque of $132 in payment of an account payable. 1. Prepare Bank Reconciliation 2. Prepare the adjusting entry
The bank statement balance is $3,500 and shows a service charge of $24 , interest earned of $3, and an NSF cheque for $100. Deposits in transit total $1,400; outstanding cheques are $450. The bookkeeper mistakenly recorded as $158 a cheque of $132 in payment of an account payable. Prepare Bank Reconciliation Statement Prepare Adjusting Entries.

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The cash balance per bank statement for Pioneer Logistics is $35,400. However, the company's books show a balance of $33,800 due to the following adjustments: • Outstanding checks: $3,000 . Deposits in transit: $1,400 • What should be the adjusted cash balance?