The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9: Cash balance according to the company's records at August 31, $14,190. Cash balance according to the bank statement at August 31, $18,330. Checks outstanding, $5,710. Deposit in transit, not recorded by bank, $2,150. A check for $180 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as S810. Bank debit memo for service charges, $50. Prepare a bank reconcilition, using the format shown in Exhibit 12 Kaycee Sisters Inc. Bank Reconcillatilon August 31, 20Y9 Cash balance according to bank statement Add deposit in transit, not recorded by bank Deduct outstanding checks Adjusted balance S. Cash balance according to Kaycee Sisters Inc. $. Add error in recording check as $810 by the company Instead of $180 Deduct bank service charges Adjusted balance %24 %24

The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9: Cash balance according to the company's records at August 31, $14,190. Cash balance according to the bank statement at August 31, $18,330. Checks outstanding, $5,710. Deposit in transit, not recorded by bank, $2,150. A check for $180 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as S810. Bank debit memo for service charges, $50. Prepare a bank reconcilition, using the format shown in Exhibit 12 Kaycee Sisters Inc. Bank Reconcillatilon August 31, 20Y9 Cash balance according to bank statement Add deposit in transit, not recorded by bank Deduct outstanding checks Adjusted balance S. Cash balance according to Kaycee Sisters Inc. $. Add error in recording check as $810 by the company Instead of $180 Deduct bank service charges Adjusted balance %24 %24

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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The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $26,110. Cash balance according to the bank statement at August 31, $27,460. Checks outstanding, $5,300. Deposit in transit not recorded by bank, $4,260. A check for $480 in payment of an account was erroneously recorded in the check register as $840. Bank debit memo for service charges, $50. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. b. If the balance sheet were prepared for Creative Design Co. on August 31, what amount should be reported for cash?
The following information pertains to Cheyenne Corp.. 1. 2. 3. 4. 5. 6. Cash balance per bank, July 31, $7,743. July bank service charge not recorded by the depositor $36. Cash balance per books, July 31, $7,764. Deposits in transit, July 31, $1,740. The bank collected $1,156 in July for Cheyenne through electronic funds transfer. The collection has not been recorded by Cheyenne. Outstanding checks, July 31, $599. Prepare a bank reconciliation at July 31. (List items that increase cash balance first. Reconcile cash balance per bank first.) > V eTextbook and Media : List of Accounts July 31 July 31 Cheyenne Corp. Bank Reconciliation > Date Account Titles and Explanation > Journalize the adjusting entries at July 31 on the books of Cheyenne Corp. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) > (To record the bank service charge.) (To record the collection of accounts receivable.) $ $ Debit Credit 0.0 4.
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The Cash account of ReeseCorporation had a balance of $3,540 at October 31, 2018. Included were outstanding checkstotaling $1,800 and an October 31 deposit of $300 that did not appear on the bank statement.The bank statement, which came from Turnstone State Bank, listed an October 31 balance of$5,570. Included in the bank balance was an October 30 collection of $600 on account froma customer who pays the bank directly. The bank statement also showed a $30 service charge,$10 of interest revenue that Reese earned on its bank balance, and an NSF check for $50.Prepare a bank reconciliation to determine how much cash Reese actually had at October 31.
Prepare BRS?
The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $21,880. Cash balance according to the bank statement at August 31, $23,260. Checks outstanding, $4,440. Deposit in transit, not recorded by bank, $3,570. A check for $170 in payment of an account was erroneously recorded in the check register as $710. Bank debit memo for service charges, $30. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co.Bank ReconciliationAugust 31, 20Y6 Cash balance according to bank statement $fill in the blank edbfa3fe702204a_1 Adjustments: - Select - - Select - Total adjustments fill in the blank edbfa3fe702204a_6 Adjusted balance $fill in the blank edbfa3fe702204a_7 Cash balance according to company's records $fill in the blank edbfa3fe702204a_8 Adjustments: $- Select - -…
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The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $14,740. Cash balance according to the bank statement at August 31, $15,650. Checks outstanding, $2,990. Deposit in transit, not recorded by bank, $2,400. A check for $480 in payment of an account was erroneously recorded in the check register as $840. Bank debit memo for service charges, $40. Question Content Area a. Prepare a bank reconciliation, using the format shown in Exhibit 13.
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