The following information pertains to Sunland Company. 1. Cash balance per books, August 31, $ 7,374. 2. Cash balance per bank, August 31, $ 7,338. 3. Outstanding checks, August 31, $ 706. 4. August bank service charge not recorded by the depositor $ 58. 5. Deposits in transit, August 31, $ 3,610. In addition, $ 2,926 collected for Sunland Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sunland Company. (a) Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.) SUNLAND COMPANY Bank Reconciliation Choose the accounting period Select an opening section 1 name $ 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 section 1 name $ Enter a total amount for section one Select an opening section 2 name $ 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 section 2 name $ Enter a total amount for section two
The following information pertains to Sunland Company. 1. Cash balance per books, August 31, $ 7,374. 2. Cash balance per bank, August 31, $ 7,338. 3. Outstanding checks, August 31, $ 706. 4. August bank service charge not recorded by the depositor $ 58. 5. Deposits in transit, August 31, $ 3,610. In addition, $ 2,926 collected for Sunland Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sunland Company. (a) Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.) SUNLAND COMPANY Bank Reconciliation Choose the accounting period Select an opening section 1 name $ 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 section 1 name $ Enter a total amount for section one Select an opening section 2 name $ 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 section 2 name $ Enter a total amount for section two
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The following information pertains to Sunland Company.
In addition, $ 2,926 collected for Sunland Company in August by the bank through electronic funds transfer. Theaccounts receivable collection has not been recorded Sunland Company.
| 1. | Cash balance per books, August 31, $ 7,374. | |
| 2. | Cash balance per bank, August 31, $ 7,338. | |
| 3. | Outstanding checks, August 31, $ 706. | |
| 4. | August bank service charge not recorded by the depositor $ 58. | |
| 5. | Deposits in transit, August 31, $ 3,610. |
In addition, $ 2,926 collected for Sunland Company in August by the bank through electronic funds transfer. The
(a)
Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.)
|
SUNLAND COMPANY
Bank Reconciliation Choose the accounting period |
|||
|---|---|---|---|
| Select an opening section 1 name |
$ 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 section 1 name |
$ Enter a total amount for section one
|
||
| Select an opening section 2 name |
$ 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 section 2 name |
$ Enter a total amount for section two
|
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