Do not give answer in image Required information[The following information applies to the questions displayed below.]The December bank statement and cash T-account for Stewart Company follow:DateDecember 1December 6December 11December 17December 23December 26December 30December 31December 31*NSF check from J. Left, a customer.December 1DepositsDecember 11December 23December 30December 31December 31ChecksView transaction list$ 7,68061016,90061023,400DebitBalanceBalanceTransaction1DepositsBANK STATEMENT$ 28,000Journal entry worksheet< ANote: Enter debits before credits.37,00019,000Cash (A)55,20028,00037,00019,00014,00098,390B C D EOtherNSF*Interest earnedService chargeThere were no deposits in transit or outstanding checks at November 30.Record the interest of $80 received from the bank.General JournalCreditChecks written during December:7,680610Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for atransaction/event, select "No Journal Entry Required" in the first account field.)16,90061021023,4005,400$36080210DebitBalance$ 55,20047,52074,91058,01095,01094,40089,640Credit89,72089,510>

Ideally cash balance as per cashbook and balance as per bank statement must reconcile with each…

[The following information applies to the questions displayed below.] The December bank statement and cash T-account for Stewart Company follow: BANK STATEMENT Date December 1 December 6 December 11 December 17 December 23 December 26 December 30 December 1 Deposits December 11 December 23 December 30 December 31 December 31 Checks $ 7,680 610 16,900 610 23,400 December 31 December 31 *NSF check from J. Left, a customer. View transaction list Debit Balance Deposits Balance $ 28,000 37,000 19,000 Cash (A) 55,200 28,000 37,000 19,000 14,000 98,390 Other NSF* Interest earned Service charge Journal entry worksheet < A B C D E Credit Checks written during December: 7,680 610 16,900 Record the interest of $80 received from the bank. 610 210 There were no deposits in transit or outstanding checks at November 30. $360 80 210 23,400 5,400 Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Balance $ 55,200 47,520 74,910 58,010 95,010 94,400 89,640 89,720 89,510 >

[The following information applies to the questions displayed below.] The December bank statement and cash T-account for Stewart Company follow: BANK STATEMENT Date December 1 December 6 December 11 December 17 December 23 December 26 December 30 December 1 Deposits December 11 December 23 December 30 December 31 December 31 Checks $ 7,680 610 16,900 610 23,400 December 31 December 31 NSF check from J. Left, a customer. View transaction list Debit Balance Deposits Balance $ 28,000 37,000 19,000 Cash (A) 55,200 28,000 37,000 19,000 14,000 98,390 Other NSF Interest earned Service charge Journal entry worksheet < A B C D E Credit Checks written during December: 7,680 610 16,900 Record the interest of $80 received from the bank. 610 210 There were no deposits in transit or outstanding checks at November 30. $360 80 210 23,400 5,400 Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Balance $ 55,200 47,520 74,910 58,010 95,010 94,400 89,640 89,720 89,510 >

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section: Chapter Questions

Problem 1CP

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Required Information [The following information applies to the questions displayed below.] The September bank statement and cash T-account for Terrick Company follow: BANK STATEMENT Date September 1 September 6 September 13 September 23 September 28 September 29 September 30 September 30 *NSF check from B. Frank, a customer. September 1 Deposits September 11 September 23 September 29 September 30 September 30 ? $28,000 ?$37,000 ?$19,000 ?$21,600 ?$4,180 ?$1,010 Checks ? $13,090 ? $560 $ 4,180 1,010 13,090 1,010 5,330 ? $5,330 Debit Balance ?$6.900 Deposits Balance $ 28,000 37,000 19,000 There were no deposits in transit or outstanding checks at August 31. NSF* Interest earned. service charge Cash (A) 83,100 28,000 37,000 19,000 21,600 equired: . Identify and list the deposits in transit at the end of September. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to…
Required Information [The following information applies to the questions displayed below.] The December bank statement and cash T-account for Stewart Company follow: Date December 1 December 6 December 11 December 17 December 23 December 26 December 30 December 31 December 31 NSF check from J. Left, a customer. December 1 Deposits December 11 December 23 December 30 December 31 December 31 Checks $ 7,540 9,900 13,600 Debit Balance Balance BANK STATEMENT Deposits $ 27,000 34,000 18,000 Cash (A) 38,400 27,000 34,000 18,000 11,000 90,950 Other NSF* Interest earned Service charge Credit Checks written during December: 7,540 9,900 470 - $ 220 30 13,600 5,400 There were no deposits in transit or outstanding checks at November 30. Balance $ 38,400 30,860 57,390 47,490 81,490 81,020 85,200 85,230 85,160 4. Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the…
Reconcile the bank account and theaccounting books based on the followinginformation: a. The bank statement for theaccount of Hungry Joe Companyreflects the July 31 balance ofP54,780.00 b. P68,757 was the ending balance ofthe general ledger cash account onJuly 31. c. A check issued by Hungry JoeCompany for P3,000 was recorded inthe accounting books as P4,500. d. checks that were issued and received bypayees that have not yet cleared the bankas of July 31 totaled to P9,885. e. Bank service charge according tothe July bank statement is P210.Hungry Joe ‘s accountant has not yetrecorded this on the books. f. Deposit in transit as for July amountedto P13,425 g. Comparison of the accountingrecords and bank statement showeda July 3 P600 deposit (with validateddeposit slip on file) that was notfound in the bank statement. h. There were two customers checks thatwere dishonored by the bank in July fornonsufficient funds: From Cris Corporation = P1,296 From May Incorporated = P14,265 i. The…
[The following information applies to the questions displayed below.]The December bank statement and cash T-account for Stewart Company follow: BANK STATEMENT Date Checks Deposits Other Balance Dec. 1 $ 45,600 6 $ 7,600 38,000 11 530 $ 27,000 64,470 17 12,900 51,570 23 35,000 86,570 26 530 86,040 30 17,800 18,000 NSF* $ 280 85,960 31 Interest earned 60 86,020 31 Service charge 130 85,890 * NSF check from J. Left, a customer. Cash (A) Dec. 1 Balance 45,600 Deposits Checks written during December: Dec. 11 27,000 7,600 23 35,000 530 30 18,000 12,900 31 12,000 530 130 17,800 4,500 Dec. 31 Balance 93,610 There were no deposits in transit or outstanding checks at November 30. After the reconciliation journal…
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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 Required:1. Prepare a bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $300. Some of the checks that cleared in June were written prior to June. No deposits in transit were noted in May, but a deposit is in transit at the end of June.
Required information [The following information applies to the questions displayed below.] The December bank statement and cash T-account for Stewart Company follow: BANK STATEMENT Date Checks Deposits Other Balance December 1 $ 55,200 December 6 $ 7,680 47,520 December 11 610 $ 28,000 74,910 December 17 16,900 58,010 95,010 94,400 89,640 89,720 89,510 December 23 37,000 December 26 610 December 30 23,400 19,000 NSF* $ 360 December 31 Interest earned 80 December 31 Service charge 210 NSF check from J. Left, a customer. Cash (A) Debit Credit December 1 Balance 55,200 Checks written during Deposits December: December 11 28,000 7,680 37,000 19,000 14,000 December 23 610 December 30 16,900 December 31 610 210 23,400 5,400 December 31 Balance 98,390 There were no deposits in transit or outstanding checks at November 30.
Required information [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 $ 7,200 25,200 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $18,000 $19,100 6,100 6,070 6,070 $30 Cash (A) June 1 Balance 6,800 June Deposits 19,000 19,400 Checks written June June 30 Balance 6,400
Bank reconciliations and journal entries
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