The correct balance of bank account as per books and bank. Given information: Cheques received but not presented are for $2,500 and $1,250. Cheques written for $1,200 recorded as $1,100. Bank interest amounts to $28 and bank charges amounts to $35 mot recorded. Cheques written but not yet presented are for $27 and $5,400. Closing balance as per bank statement is $17,802. Closing balance as per cash book is $16,232.

Question

Want to see the full answer?

Answer 1

Question

Chapter 9, Problem 9.18E

To determine

The correct balance of bank account as per books and bank.

Given information:

Cheques received but not presented are for $2,500 and $1,250.

Cheques written for $1,200 recorded as $1,100.

Bank interest amounts to $28 and bank charges amounts to $35 mot recorded.

Cheques written but not yet presented are for $27 and $5,400.

Closing balance as per bank statement is $17,802.

Closing balance as per cash book is $16,232.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Calculate the amount of tax paid

Calculate the accounts receivable period

Please explain the solution to this general accounting problem using the correct accounting principles.

Answer 2

Question

Chapter 9, Problem 9.18E

To determine

The correct balance of bank account as per books and bank.

Given information:

Cheques received but not presented are for $2,500 and $1,250.

Cheques written for $1,200 recorded as $1,100.

Bank interest amounts to $28 and bank charges amounts to $35 mot recorded.

Cheques written but not yet presented are for $27 and $5,400.

Closing balance as per bank statement is $17,802.

Closing balance as per cash book is $16,232.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 9, Problem 9.18E

To determine

The correct balance of bank account as per books and bank.

Given information:

Cheques received but not presented are for $2,500 and $1,250.

Cheques written for $1,200 recorded as $1,100.

Bank interest amounts to $28 and bank charges amounts to $35 mot recorded.

Cheques written but not yet presented are for $27 and $5,400.

Closing balance as per bank statement is $17,802.

Closing balance as per cash book is $16,232.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 9, Problem 9.18E

To determine

The correct balance of bank account as per books and bank.

Given information:

Cheques received but not presented are for $2,500 and $1,250.

Cheques written for $1,200 recorded as $1,100.

Bank interest amounts to $28 and bank charges amounts to $35 mot recorded.

Cheques written but not yet presented are for $27 and $5,400.

Closing balance as per bank statement is $17,802.

Closing balance as per cash book is $16,232.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 9, Problem 9.18E

To determine

The correct balance of bank account as per books and bank.

Given information:

Cheques received but not presented are for $2,500 and $1,250.

Cheques written for $1,200 recorded as $1,100.

Bank interest amounts to $28 and bank charges amounts to $35 mot recorded.

Cheques written but not yet presented are for $27 and $5,400.

Closing balance as per bank statement is $17,802.

Closing balance as per cash book is $16,232.

Answer 6

Chapter 9, Problem 9.18E

To determine

The correct balance of bank account as per books and bank.

Given information:

Cheques received but not presented are for $2,500 and $1,250.

Cheques written for $1,200 recorded as $1,100.

Bank interest amounts to $28 and bank charges amounts to $35 mot recorded.

Cheques written but not yet presented are for $27 and $5,400.

Closing balance as per bank statement is $17,802.

Closing balance as per cash book is $16,232.

Answer 7

Chapter 9, Problem 9.18E

To determine

The correct balance of bank account as per books and bank.

Given information:

Cheques received but not presented are for $2,500 and $1,250.

Cheques written for $1,200 recorded as $1,100.

Bank interest amounts to $28 and bank charges amounts to $35 mot recorded.

Cheques written but not yet presented are for $27 and $5,400.

Closing balance as per bank statement is $17,802.

Closing balance as per cash book is $16,232.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 9 - Prob. 9.1Q Ch. 9 - Do companies always classify cash as a current...Ch. 9 - Prob. 9.3Q Ch. 9 - Do accountants typically measure accounts...Ch. 9 - Under the allowance method, will the actual...Ch. 9 - How does an entity record a subsequent recovery of...Ch. 9 - Does the aging of accounts receivable method of...Ch. 9 - Prob. 9.8Q Ch. 9 - What is the difference between pledging accounts...Ch. 9 - How do companies account for receivables that are...

Solution Summary: The author explains how to determine the correct balance of a bank account as per books and bank.

Concept explainers

Want to see the full answer?

Chapter 9 Solutions