2. Use the checkbook and bank statement below to balance the checkbook. What is the total amount of the deposits that have not cleared the account yet?Number Date Description of TransactionElectric Company9887/189899909919927/207/217/217/207/247/217/217/227/247/26DateCHECKING ACCOUNT: Monthly StatementTransactionO $0.00Jake's Lawn Care$400.00DepositO$565.00O$950.00Flanders RestaurantSuper Saver FoodGasDepositCheckDepositCheckCheckPayment/Debit √89 9650491272600874578.AmountDeposit/Credit56500400 0050.00565.0049.8726.78Balance947 82-89 96857 86-50 00807 860086-49 871,322 99-127 451,195 5478-261,16876+100001,568 76+5651,372Account Number: 40782634Balance947.82897.821,462.821,412.951,386.17CO

A bank reconciliation statement is a financial document that reconciles the bank statement balance…

Answered: Use the checkbook and bank statement…

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 information relates to the bank account of Doug's Sky Diving Supply Store on June 30. Balance per bank statement $5,327 Balance per books as of June 30 9,265 Outstanding checks: #1007 $ 241 #1008 67 #1009 597 Deposits in transit 229 4,111 Bank service charges 98 NSF check 412 Credit memo for interest earned 16 Error: Check written and recorded by bank as $454 was subtracted from the checkbook as $445. The check was used to pay the telephone bill. Required: Prepare a bank reconciliation as of June 30. Doug's Sky Diving Supply Store Bank Reconciliation June 30, 20-- Bank statement balance $fill in the blank 1 Deduct deposits in transit: $fill in the blank 3 fill in the blank 4 fill in the blank 5 $fill in the blank 6 $fill in the blank 9 fill in the blank 11 fill in the blank 13 fill in the blank 14 Adjusted bank balance $fill in the blank 15 Book…
9. Ashley Martinez's checkbook balance was $149.21 on October 5. The checkbook register below shows her transactions since then. What is her balance after each transaction? Trans Type Date Description of Transaction or Check # 571 DEP 572 AT 10/6 Pettisvile Flowers 10/9 Deposit 10/10 Donald's Bookstore 10/19 Langley Phone Co. Payment / Debit ✔ Deposit / Credit (+) (-) Balance Brought Forward 45 79 16 94 75 25 213 80 Balance 149 21
Table 2: Deposit Slip CHECKING DEPOSIT Name: Jamal Houston Date: May 17, 2021 Account Number: 1234 5678 9012 16. How much in checks are being deposited in the deposit slip above? C H E S CURRENCY COINS 2-36 8-97 10-87 SUBTOTAL LESS CASH TOTAL DEPOSIT DOLLARS CENTS 345 00 0 58 55 20 125 61 92 18 75 00 17. What is the total deposit amount in the deposit slip above?
The accompanying table, Data table Date Deposit (Withdrawal) Date Deposit (Withdrawal) 1/1/20 $8,000 1/1/22 $3,272 1/1/21 $(6,540) 1/1/23 $5,255 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) , shows a series of transactions in a savings account. The account pays 5% simple interest, and the account owner withdraws interest as soon as it is paid. Calculate the following: a. The account balance at the end of each year. (Assume that the account balance at December 31, 2019, is zero.) b. The interest earned each year. c. The true rate of interest that the investor earns in this account. Question content area bottom Part 1 a. The account balance at the end of 2020 is $8,0008,000. (Round to the nearest dollar.) Part 2 The account balance at the end of 2021 is $1,9531,953. (Round to the nearest dollar.)
prepare a bank reconciliation report.
eBook Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $6,788 Book balance: $8,393 Deposits in transit: $1,735 Outstanding checks: $579 and $1,523 Bank service charges: $25 Bank incorrectly charged the account $25. The bank will correct the error next month. Check number 2456 correctly cleared the bank in the amount of $137 but posted in the accounting records as $317. This check was expensed to Utilities Expense.
Current Attempt in Progress What is the ending balance for the following check register? Check Register Check# 1230 1231 O $1938.25. O $2736.25. O $1124.25. O $2858.25. Date 9/2 9/5 Payee/Description Payment Deposit 9/4 Target 9/7 Utilities Paycheck Cash(ATM) $232.00 $144.00 $23.00 $407.00 Balance $1930.25 $ $
1
eBook Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $4,678 Book balance: $2,351 Deposits in transit: $325 Outstanding checks: $108 and $534 Bank service charges: $25 Notes receivable: $2,000; Interest income: $35 If an amount box does not require an entry, leave it blank.
Bank Reconciliation and Related Journal Entries The book balance in the checking account of Lyle's Salon as of November 30 is $3,277.77. The bank statement shows an ending balance of $2,109.00. By examining last month's bank reconciliation, comparing the deposits and checks written per books and per bank in November, an noting the service charges and other debit and credit memos shown on the bank statement, the following were found: a. An ATM withdrawal of $150.00 on November 18 by Lyle for personal use was not recorded on the books. b. A bank debit memo issued for an NSF check from a customer of $19.20. c. A bank credit memo issued for interest of $20.00 earned during the month. d. On November 30, a deposit of $1,186.00 was made, which is not shown on the bank statement. e. A bank debit memo issued for $16.80 for bank service charges. f. Checks No. 549, 561, and 562 for the anounts of $181.00, $24.00, and $9.50, respectively, were written during November but have not yet been received…
Need help on figuring out what to put for account/explanation for the journal entry
Using the following information: Bank balance: $3,678 Book balance: $2,547 Deposits in transit: $321 Outstanding checks: $108 and $334 Bank charges: $25 Notes receivable: $1,000; interest: $35 and using the following accounts/items: Bank Errors Bank Service Charges Cash Deposits in Transit Interest Expense Interest Income Notes Receivable Outstanding Checks you are to prepare a bank reconciliation: Bank Balance [ Select ] Book Balance [ Select] Add items: Add items: [ Select ] [ Select ] [ Select] [ Select ] [ Select ] [ Select ] [ Select ] [ Select ] Less items: Less items: [ Select ] [ Select ] [ Select] [ Select ] [ Select ] [ Select ] [ Select] [ Select ] Adjusted Bank Bal. [ Select ] Adjusted Book Bal. [ Select ] PLEASE NOTE: For the above reconciliation, if no dollar amount is needed, please use "$0" or if no item is needed, please use "None" - no quotation marks. You must enter the account and item names exactly as written above and all dollar amounts will be with "$" and commas…

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