Question
Emerge Solutions Company deposits all receipts and makes all payments by cheque. The following information is...
Emerge Solutions Company deposits all receipts and makes all
payments by cheque. The following information is available from the
cash records:
MARCH 31 BANK RECONCILIATION
Balance per bank
$26,746
Add: Deposits in transit
2,100
Deduct: Outstanding cheques
(3,800)
Balance per books
$25,046
Month of April Results
Per Bank
Per Books
Balance April 30
$27,995
$27,355
April deposits
11,784
13,889
April cheques
11,100
10,080
April note collected (not included in April deposits)
3,000
0
April bank service charge
35
0
April NSF cheque of a customer returned by the bank (recorded
by bank as a charge)
900
0
Required
1. Calculate the following amounts at April 30:
a. Deposits in transit
b. Outstanding cheques
2. What is the April 30 adjusted cash balance? Show all
work.
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
Saturn Company deposits all receipts daily and makes all payments by cheque. The following information is...
Saturn Company deposits all receipts daily and makes all
payments by cheque. The following information is available from the
cash records of Saturn in the month of April, its first month of
operations:
Month of April Results
Per Bank Per Books
Balance April
30...........................................................
$42,000 $42,140
April deposits
recorded.................................................
11,200 17,300
April cheques
recorded.................................................
12,010 14,320
Items on bank statement but not in books:
Note collected by
bank..................................................
5,500
-0-
...
Question 6.2 &n
Question 6.2
(Total:
15 marks; 5 marks per part)
Emerge Solutions Company deposits all receipts and makes all
payments by cheque. The following information is available from the
cash records:
MARCH 31 BANK RECONCILIATION
Balance per
bank
$26,746
Add: Deposits in
transit
2,100
Deduct: Outstanding
cheques
(3,800)
Balance per
books
$25,046
Month of April Results
Per Bank
Per Books
Balance April
30
$27,995
$27,355
April
deposits
11,784
13,889
April
cheques
11,100
10,080
April note collected (not included in April deposits)...
Coronado Plastics Company deposits all receipts and makes all payments by check. The following information is...
Coronado Plastics Company deposits all receipts and makes all
payments by check. The following information is available from the
cash records:
MARCH 31 BANK RECONCILIATION
Balance per bank
$48,760
Add: Deposits in transit
3,864
Deduct: Outstanding checks
(6,992
)
Balance per books
$45,632
Month of April Results
Per Bank
Per Books
Balance April 30
$51,520
$50,600
April deposits
22,080
25,760
April checks
20,424
18,400
April note collected (not included in April
deposits)
5,520
-0-
April bank service charge
62
-0-...
Question 18 Waterway Plastics Company deposits all receipts and makes all payments by check. The following...
Question 18
Waterway Plastics Company deposits all receipts and makes all
payments by check. The following information is available from the
cash records:
MARCH 31 BANK RECONCILIATION
Balance per bank
$67,840
Add: Deposits in transit
5,376
Deduct: Outstanding checks
(9,728
)
Balance per books
$63,488
Month of April Results
Per Bank
Per Books
Balance April 30
$71,680
$70,400
April deposits
30,720
35,840
April checks
28,416
25,600
April note collected (not included in April
deposits)
7,680
-0-
April bank service charge...
Skysong Lansbury Company deposits all receipts and makes all payments by check. The following information is...
Skysong Lansbury Company deposits all receipts and makes all
payments by check. The following information is available from the
cash records.
June 30 Bank Reconciliation
Balance per bank
$ 32,200
Add: Deposits in transit
7,084
Deduct: Outstanding checks
( 9,200
)
Balance per books
$ 30,084
Month of July Results
Per Bank
Per Books
Balance July 31
$ 39,790
$ 42,550
July deposits
23,000
26,726
July checks
18,400
14,260
July note collected (not included in July deposits)
4,600
July bank...
Skysong Lansbury Company deposits all receipts and makes all payments by check. The following information is...
Skysong Lansbury Company deposits all receipts and makes all
payments by check. The following information is available from the
cash records.
June 30 Bank Reconciliation
Balance per bank
$ 32,200
Add: Deposits in transit
7,084
Deduct: Outstanding checks
( 9,200
)
Balance per books
$ 30,084
Month of July Results
Per Bank
Per Books
Balance July 31
$ 39,790
$ 42,550
July deposits
23,000
26,726
July checks
18,400
14,260
July note collected (not included in July deposits)
4,600
July bank...
Angela Lansbury Company deposits all receipts and makes all payments by check. The following information is...
Angela Lansbury Company deposits all receipts and makes all
payments by check. The following information is available from the
cash records.
June 30 Bank Reconciliation
Balance per bank
$7,000
Add: Deposits in transit
1,540
Deduct: Outstanding checks
(2,000
)
Balance per books
$6,540
Month of July Results
Per Bank
Per Books
Balance July 31
$8,650
$9,250
July deposits
5,000
5,810
July checks
4,000
3,100
July note collected (not included in July deposits)
1,000
July bank service charge
15
July NSF...
Lisa Lansbury Company deposits all receipts and makes all payments by check. The following information is...
Lisa Lansbury Company deposits all receipts and makes all
payments by check. The following information is available from the
cash records.
June 30 Bank Reconciliation
Balance per bank
$22,400
Add: Deposits in transit
4,928
Deduct: Outstanding checks
(6,400
)
Balance per books
$20,928
Month of July Results
Per Bank
Per Books
Balance July 31
$27,680
$29,600
July deposits
14,400
18,592
July checks
12,800
9,920
July note collected (not included in July deposits)
4,800
July bank service charge
48
July NSF...
Lisa Lansbury Company deposits all receipts and makes all payments by check. The following information is...
Lisa Lansbury Company deposits all receipts and makes all
payments by check. The following information is available from the
cash records.
June 30 Bank Reconciliation
Balance per bank
$22,400
Add: Deposits in transit
4,928
Deduct: Outstanding checks
(6,400
)
Balance per books
$20,928
Month of July Results
Per Bank
Per Books
Balance July 31
$27,680
$29,600
July deposits
14,400
18,592
July checks
12,800
9,920
July note collected (not included in July deposits)
4,800
July bank service charge
48
July NSF...
The following information is for SeaTrans Ltd. in April: Cash balance per bank, April 30, $14,606.73...
The following information is for
SeaTrans Ltd. in April:
Cash balance per bank, April 30, $14,606.73
Cash balance per book, April 30, $4,387.55
Outstanding cheques, $5,904.00
Deposit in transit, $2,201.40
Bank service charge and debit/credit card fees, $165.00
Electronic receipts from customers in payment of the amount $
6,787.18, not previously received by the company
Return from bank two NSF cheques including service charges,
465.60
Cheque # 459 was correctly written in the amount of $3,260.00
but was incorrectly written...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 8 minutes ago
asked 41 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 2 hours ago
asked 2 hours ago
asked 2 hours ago
asked 2 hours ago