balahro im at luily it. ceminiance in the acc dumeng recoritas 51270 ciem peloce reselwingthe sitelemet. apaper con mesterit hank timemi - t Requied: \table [[, BeAkri cotglery], [, thatkempliatan], [, Das 31 mine], [, Faewain]] The following information is available to reconcie iranch Company's book balance of cash with its bank statement cathbalance as of July 31On July 21, the company's Cash account has a $24.981 debt balance, but es Judy bank statement shows a $28.39)ceh balanceb. Check Number 3031 for $1130, Check Number 3066 for $341 and Check Number 3069 to 51,898 an outstandingchecks as of July 31Check Number 3056 for July an experse was correctly written and drawn for $1.280 but was enously enteredin the accounting records as $1.270a The July bank statement shows the bank cofeed $6.500 cash on a note for Branch Branch had not recorded thisevent before receveg the statement6. The honk statement shows on $805 NSF check The chics had treceived from a customer van Shaw Branchtom not yet recorded the check as NSE1. The July statement shows a 510 henk service charge it has not yet been recorded in miscelaneaci expensesbecause no previous notification had been recedbank's neht deponory on that dan tut dBranch's dy 31 daily cash recepts of $7632 were:appear on the July 21 ank stinementRequired1. Prepare the back reconciation for mus companyBatemat talinoauBRANCH COMPANYttark. MMoomlkatatJaky t350

Ideally cash balance as per cashbook must reconcile with bank balance as per bank statement. In case…

the fofowing information is avariable to reconcte Branch Company's huuk balance of cash with its bank statement cash balance as ut July 31 On July 21, the company's Cash account hos a $24.9mt debt balance, but es Judy bank statement shows a $20.393 can balance b. Check Number 3031 for $1130, Check Number 3065 for $341, and Check Number 3009 to $1,898 are outstanding checks as of July 31 e. Check Number 3056 for July rent expense wm conectly written and drawn ky $1.290 was enocaly entered in the accoumeng records as $1270 d. The July bank statement shows the bank cofeed $6.500-wh on a note for Branch Branch had not recorded this event before recensig the statement e. The bank statement shows an $805 NSE check the chick had been received from a customer Even Shaw Brand tunnot yet recorded the check as NSF The July stineem shows a $10 henk serv because no previous notification all 9 Branch's ay it doy cosh recipsc appear the Aly 2t bank temant Required 1. Prepare the hack reconciation for company charge it has not yet been recorded in miscaneous expense erewed 1632 were W ght depemory on that de tut de nat au BRANCH COMPANY Jay

the fofowing information is avariable to reconcte Branch Company's huuk balance of cash with its bank statement cash balance as ut July 31 On July 21, the company's Cash account hos a $24.9mt debt balance, but es Judy bank statement shows a $20.393 can balance b. Check Number 3031 for $1130, Check Number 3065 for $341, and Check Number 3009 to $1,898 are outstanding checks as of July 31 e. Check Number 3056 for July rent expense wm conectly written and drawn ky $1.290 was enocaly entered in the accoumeng records as $1270 d. The July bank statement shows the bank cofeed $6.500-wh on a note for Branch Branch had not recorded this event before recensig the statement e. The bank statement shows an $805 NSE check the chick had been received from a customer Even Shaw Brand tunnot yet recorded the check as NSF The July stineem shows a $10 henk serv because no previous notification all 9 Branch's ay it doy cosh recipsc appear the Aly 2t bank temant Required 1. Prepare the hack reconciation for company charge it has not yet been recorded in miscaneous expense erewed 1632 were W ght depemory on that de tut de nat au BRANCH COMPANY Jay

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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If the month-end bank statement shows a balance of R.0 360.000, outstanding checks are R.O 120,000, a deposit of RO40,000 was in transit at month end, and a check for RO5.000 was erroneously added by the bank to the account, the correct balance in the bank account at month end is Select one O a RO 205,000 O BRO435.000 OCRO275.000 O dRO 285.000
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19. Required information Skip to question [The following information applies to the questions displayed below.] Hills Company’s June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance Balance, June 1 $ 7,360 Deposits during June $ 18,800 26,160 Checks cleared during June $ 19,900 6,260 Bank service charges $ 31 6,229 Balance, June 30 6,229 Cash (A) Debit Credit June 1 Balance 7,360 June Deposits 20,600 20,200 Checks written June June 30 Balance 7,760 What is the balance in the Cash account after the reconciliation entries?
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[The following information applies to the questions displayed below] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $25,223 debit balance, but its July bank statement shows a $27,237 cash balance. b. Check Number 3031 for $1,370, Check Number 3065 for $461, and Check Number 3069 for $2.138 are outstanding checks as of July 31. c. Check Number 3056 for July rent expense was correctly written and drawn for $1,290 but was erroneously entered in the accounting records as $1,280. d. The July bank statement shows the bank collected $5,000 cash on a note for Branch. Branch had not recorded this event before receiving the statement. e. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. f. The July statement shows a $8 bank service charge. It has not yet been…
The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance as of July 31. On July 31, the company’s Cash account has a $25,202 debit balance, but its July bank statement shows a $26,741 cash balance. Check Number 3031 for $1,180, Check Number 3065 for $366, and Check Number 3069 for $1,948 are outstanding checks as of July 31. Check Number 3056 for July rent expense was correctly written and drawn for $1,260 but was erroneously entered in the accounting records as $1,250. The July bank statement shows the bank collected $5,500 cash on a note for Branch. Branch had not recorded this event before receiving the statement. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. The July statement shows a $8 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received.…
The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company’s Cash account has a $27,497 debit balance, but its July bank statement shows a $27,233 cash balance. b. Check No. 3031 for $1,482, Check No. 3065 for $382, and Check No. 3069 for $2,281 are outstanding checks as of July 31. c. Check No. 3056 for July rent expense was correctly written and drawn for $1,270 but was erroneously entered in the accounting records as $1,250. d. The July bank statement shows the bank collected $7,955 cash on a note for Branch. Branch had not recorded this event before receiving the statement. e. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. f. The July statement shows a $25 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been…
The following data were gathered to use in reconciling the bank account of Reddan Company: $ 17,900 10,300 Balance per bank Balance per company records Bank service charges 40 Deposit in transit Note collected by bank with $170 interest Outstanding checks a. What is the adjusted balance on the bank reconciliation? 3,400 4,900 6,140 b. Journalize any necessary entries for Photo Op. Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.
Given this book and bank statement information, create an October bank reconciliation for Arrowhead company. And the journal entries required for the book side. BOOK INFO: Cash Date Debit Credit Balance 10/1/2020 Beginning Balance 8,259.86 10/1/2020 Ck 10102 Accounts Payable 1,374.12 6,885.74 10/2/2020 Ck 10103 Rent 3,420.00 3,465.74 10/2/2020 Ck 10104 Utilities 689.00 2,776.74 10/4/2020 Deposit 3,743.10 6,519.84 10/4/2020 Ck 10105 Advertising 344.21 6,175.63 10/4/2020 Ck 10106 Subscription 102.84 6,072.79 10/9/2020 Ck 10107 Internet 74.97 5,997.82 10/9/2020 Deposit 4,859.47 10,857.29 10/9/2020 Ck 10108 Telephone 221.00 10,636.29 10/9/2020 Deposit 11,339.64 21,975.93 10/12/2020 Ck 10109 Accounts Payable 1,680.00 20,295.93 10/13/2020 Ck 10110 Wages…
Required information [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $25,768 debit balance, but its July bank statement shows a $27,728 cash balance. b. Check Number 3031 for $1,350, Check Number 3065 for $451, and Check Number 3069 for $2,118 are outstanding checks as of July 31. c. Check Number 3056 for July rent expense was correctly written and drawn for $1,250 but was erroneously entered in the accounting records as $1,240. d. The July bank statement shows the bank collected $ 8,000 cash on a note for Branch. Branch had not recorded this event before receiving the statement. e. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. f. The July statement shows a $12 bank service…
On 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
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