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.

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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.

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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

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Check out a sample textbook solution

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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

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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

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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

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Answer 9

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Answer 10

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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 - What is the difference between pledging accounts...Ch. 9 - How do companies account for receivables that are...Ch. 9 - Is the face value of a note receivable exchanged...

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

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