The following information pertains to Coronado Video Company. 1. Cash balance per bank, July 31, $8,163. 2. July bank service charge not recorded by the depositor $34. 3. Cash balance per books, July 31, $8,184. 4. Deposits in transit, July 31, $1,950. 5. Bank collected $1,350 note for Coronado in July, plus interest $42, less fee $26. The collection has not been recorded by Coronado, and no interest has been accrued. 6. Outstanding checks, July 31, $597. (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first.)
The following information pertains to Coronado Video Company. 1. Cash balance per bank, July 31, $8,163. 2. July bank service charge not recorded by the depositor $34. 3. Cash balance per books, July 31, $8,184. 4. Deposits in transit, July 31, $1,950. 5. Bank collected $1,350 note for Coronado in July, plus interest $42, less fee $26. The collection has not been recorded by Coronado, and no interest has been accrued. 6. Outstanding checks, July 31, $597. (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first.)
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter10: Liabilities: Current, Installment Notes, And Contingencies
Section: Chapter Questions
Problem 1COMP
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Question
The following information pertains to Coronado Video Company.
| 1. | Cash balance per bank, July 31, $8,163. | |
| 2. | July bank service charge not recorded by the depositor $34. | |
| 3. | Cash balance per books, July 31, $8,184. | |
| 4. | Deposits in transit, July 31, $1,950. | |
| 5. | Bank collected $1,350 note for Coronado in July, plus interest $42, less fee $26. The collection has not been recorded by Coronado, and no interest has been accrued. | |
| 6. | Outstanding checks, July 31, $597. |
(a)
Prepare a bank reconciliation at July 31. (List items that increase cash balance first.)
|
CORONADO VIDEO COMPANY
Bank Reconciliation Choose the accounting period |
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|---|---|---|---|
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Select an opening name for section one
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$Enter a dollar amount
|
||
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Select between addition and deduction :
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Select a reconciling item
|
Enter a dollar amount | |
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Enter a subtotal of the two previous amounts
|
|||
|
Select between addition and deduction :
|
Select a reconciling item
|
Enter a dollar amount | |
|
Select a closing name for section one
|
$Enter a total amount for section one
|
||
|
Select an opening name for section two
|
$Enter a dollar amount
|
||
|
Select between addition and deduction :
|
Select a reconciling item
|
Enter a dollar amount | |
|
Enter a subtotal of the two previous amounts
|
|||
|
Select between addition and deduction :
|
Select a reconciling item
|
Enter a dollar amount | |
|
Select a closing name for section two
|
$Enter a total amount for section two
|
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