O 790%The following is from Tyrone's bank statement forApril:April 1Beginning Balance.$ 136.003Check No. 79....$ 15.00121.00Deposit No. 10499$ 96.00217.005Check No. 80.261.32(44.32)5Automatic Loan.132.0087.685Deposit No. 1050045761545.2920NSF Check20.00525.2920Service Charge.15.00510.2930Interest1.21511.50Instructions: Prepare a reconciliation ofTyrone's bank account as of April 30. Show botha corrected balance per bank and a correctedbalance per books. Assume that any errors ordiscrepancies you find are Tyrone's fault, not thebank's. AnnotatiorThe following data were taken from Tyrone Tardieff'scheck register for the month of April. Tyrone's bankreconciliation for March showed one outstandingcheck, Check No. 78 for $57.00 (written on March 23),and one deposit in transit, Deposit No. 10499 for$96.00 (made on March 30).DateItemChecksDepositsBalance2015April1Beginning Balance$175.001Deposit No. 10500$451.61626.611Check No. 79.$ 15.00616614.Check No. 80.261.323555927Deposit No. 10501247.28602.8729Check No. 81.214.3538952The following is from Tyrone's bank statement forApril:

The following is from Tyrone's bank statement for April: April 1 Beginning Balance.... $ 136.00 3 Check No. 79.... $ 15.00 121.00 3 Deposit No. 10499 .. $ 96.00 217.00 Check No. 80... Automatic Loan... 5 Deposit No. 10500. 20 NSF Check.. 20 Service Charge... 30 Interest . 5 261.32 (44.32) 5 132.00 87.68 457.61 545.29 20.00 525.29 15.00 510.29 1.21 511.50 Instructions: Prepare a reconciliation of Tyrone's bank account as of April 30. Show both a corrected balance per bank and a corrected balance per books. Assume that any errors or discrepancies you find are Tyrone's fault, not the bank's.

The following is from Tyrone's bank statement for April: April 1 Beginning Balance.... $ 136.00 3 Check No. 79.... $ 15.00 121.00 3 Deposit No. 10499 .. $ 96.00 217.00 Check No. 80... Automatic Loan... 5 Deposit No. 10500. 20 NSF Check.. 20 Service Charge... 30 Interest . 5 261.32 (44.32) 5 132.00 87.68 457.61 545.29 20.00 525.29 15.00 510.29 1.21 511.50 Instructions: Prepare a reconciliation of Tyrone's bank account as of April 30. Show both a corrected balance per bank and a corrected balance per books. Assume that any errors or discrepancies you find are Tyrone's fault, not the bank's.

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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Long Branch Company's Cash account shows an ending balance of $650. The bank statement shows a $12 service charge and an NSF check for $200. A $270 deposit is in transit, and outstanding checks total $450. What is Long Branch's adjusted cash balance? A. $438 B. $470 OC. $258 D. $862 OOO
On April 3, Erin Gardner received her bank statement showing a balance of $2,086.93. Her checkbook showed a balance of $1,912.47. Outstanding checks were $234.15, $317.80, $78.10, $132.42, and $212.67. The account earned $20.43. Deposits in transit amount to $814.11, and there is a service charge of $7.00. Use the form below to calculate the reconciled balance. CHECKBOOK BALANCE Add: Interest Earned & Other Credits SUBTOTAL Deduct: Service Charges & Other Debits ADJUSTED CHECKBOOK BALANCE tA ta ta ta tA STATEMENT BALANCE Add: Deposits in Transit SUBTOTAL Deduct: Outstanding Checks LA tA ·SA $ LA ADJUSTED STATEMENT BALANCE $ LA E
The ending bank statement balance at November 30 is $6,850. The bank statement shows a service charge of $85, electronic funds receipts of $500, and a NSF check for $350. Deposits in transit total $2,350 and outstanding checks are $1,535. The balance per books at November 30 is $7,600. What is the adjusted bank balance at November 30? A. $8,415 B. $6,915 C. $6,850 D. $7,665
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2. DETAILS rise BRECMBC9 4.11.TB.011. 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. O $29.95 O $943.80 O $1,003.70 $1,108.88
3. The April 30 bank statement of 10A Company showed a balance of $$24,635 and the following memoranda: Credits Collection of $1,250 note plus interest $50 Interest earned on checking account $65 Debits $75 NSF check: Banana Wang $635 Safety deposit box rent: 10A Company's cash account in the general ledger had a balance of $26,100 on April 30 and other information is as follows: (1) Cash receipts for April 30 recorded on the company's books were $6,695 but this amount does not appear on the bank statement. (2) The total amount of checks still outstanding at April 30 amounted to $6,575, including $2,000 certified checks. (3) Check No. 119 payable to 10B Company was recorded in the cash payments journal and cleared the bank for $248 but the payment should be $284. Instructions (a) (b) Prepare the bank reconciliation at April 30. Prepare any adjusting entries necessary as a result of the bank reconciliation. (Hint: Record Safety deposit box rent as Miscellaneous (Misc.) Expense)