Question
Use the following bank statement and T-account to prepare the May 31 bank reconciliation. BANK STATEMENT...
| Use the following bank statement and T-account to prepare the May 31 bank reconciliation. |
|
BANK STATEMENT |
|||||||||||
| Date | Checks | Deposits | Other | Balance | |||||||
| May 1 | $ | 520 | |||||||||
| 4 | #2 | $ | 90 | $ | 130 | 560 | |||||
| 12 | #4 | 180 | NSF Check $130 | 250 | |||||||
| 28 | #5 | 100 | 150 | ||||||||
| 30 | #6 | 95 | 520 | 575 | |||||||
| May 31 | #8 | 135 | Service charge 85 | 355 | |||||||
| Cash (A) |
| May 1 | 520 | |||
| May 3 | 130 | 90 | May 3 #2 | |
| 90 | May 4 #3 | |||
| 180 | May 8 #4 | |||
| 100 | May 11 #5 | |||
| 95 | May 21 #6 | |||
| May 29 | 520 | 105 | May 29 #7 | |
| May 30 | 310 | 135 | May 30 #8 | |
| May 31 | 685 | |||
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
BANK STATEMENT Date Checks Deposits Other Balance May 1 $ 520 4 #2
BANK STATEMENT
Date
Checks
Deposits
Other
Balance
May 1
$
520
4
#2
$
90
$
130
560
12
#4
180
NSF Check
$130
250
28
#5
100
150
30
#6
95
520
575
May
31
#8
135
Service charge
85
355
Cash (A)
May
1
520
May
3
130
90
May 3
#2
90
May
4 #3
180
May 8 #4
100
May 11
#5
...
Use the following information to prepare a bank reconciliation for Magee Company at August 31, 2016:...
Use the following information to prepare a bank reconciliation
for Magee Company at August 31, 2016:
(1)
Cash account balance, $18,273.40.
(2)
Bank statement balance, August 31, $16,315.00.
(3)
Deposits in transit, $2,800.00.
(4)
Outstanding checks, August 31, $1,850.80.
(5)
Service charge on bank statement not recorded in books,
$44.00.
(6)
Bank error—another company's check charged on Magee Company's
bank statement, $245.20.
(7)
Check for repairs expense, $1,680.00, incorrectly recorded in
books as $960.00.
(a) Prepare the bank reconciliation.
(b)...
Question text Bank Reconciliation The bank reconciliation made by Winton, Inc., on August 31 showed: Deposit...
Question text
Bank Reconciliation The bank reconciliation
made by Winton, Inc., on August 31 showed:
Deposit in transit of
$2,560
Outstanding checks
no.597
$1,660
no.603
$1,280
The reconciled cash balance on August 31 was
$28,220
The following bank statement is available for September:
Bank Statement
TO
Winton, Inc.
September 30
St. Louis, MO
STATE BANK
Date
Deposits
No.
Date
Charges
Date
Balance
Sept.
1
$2,560
597
Sept.
1
$1,660
Aug.
31
$28,600
2
2,240
607
5
3,700
Sept.
1
29,500...
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June...
Bank Reconciliation Use the following information to prepare a
bank reconciliation for Young Company at June 30: 1 Balance per
Cash account, June 30. $14,111.60 2 Balance per bank statement,
June 30. 14,600.50 3 Deposits not reflected on bank statement.
1,450 4 Outstanding checks, June 30. 2,520.90 5 Service charge on
bank statement not recorded in books. 22.0 6 Error by bank-Yertel
Company check charged on Young Company's bank statement. 1,100 7
Check for advertising expense 500 incorrectly recorded in...
Bank reconciliation Prepare a bank reconciliation as of October 31 from the following information: a. The...
Bank reconciliation Prepare a bank
reconciliation as of October 31 from the following information:
a.
The October 31 cash balance in the general ledger is $1,688.
b.
The October 31 balance shown on the bank statement is $746.
c.
Checks issued but not returned with the bank statement were No.
462 for $26 and No. 483 for $100.
d.
A deposit made late on October 31 for $900 is included in the
general ledger balance but not in the bank...
[The following information applies to the questions displayed below.] The September bank statement and cash T-account...
[The following information applies to the questions
displayed below.]
The September bank statement and cash T-account for Terrick
Company follow:
BANK STATEMENT
Date
Checks
Deposits
Other
Balance
Sept. 1
$
89,900
2
$
760
89,140
4
3,400
85,740
6
2,200
83,540
11
440
$15,000
98,100
13
790
97,310
17
11,400
85,910
23
160
34,000
119,750
26
840
118,910
28
9,400
109,510
29
870
17,500
NSF*
$
640
125,500
30
540
Interest earned
200
125,160
30
Service charge
50
125,110
*NSF...
2. Use the following information to prepare a bank reconciliation for Magee Company at August 31,...
2. Use the following information to
prepare a bank reconciliation for Magee Company at August 31,
2016:
(1) Cash account balance,
$18,273.40.
(2) Bank statement
balance, August 31, $16,315.00.
(3) Deposits in transit,
$2,800.00.
(4) Outstanding checks,
August 31, $1,850.80.
(5) Service charge on
bank statement not recorded in books, $44.00.
(6) Bank error - another
company’s check charged on Magee Company’s bank statement,
$245.20.
(7) Check for repairs
expense, $1,680, incorrectly recorded in books as $960.00.
East End Hospital has a bank account and is ready to prepare its bank reconciliation on...
East End Hospital has a bank account and is ready to prepare its
bank reconciliation on July 31. The July 31 balance on the books is
$ 50000 and the balance per the bank statement is $ 35860 . Cash
receipts of July 31 amounting to $ 9000 were recorded and then
deposited in the bank's night depository. The bank did not include
this deposit on its July statement. The bank statement included
service charges of $ 140 . Patients...
54. Based on the following information, prepare the bank reconciliation for Cougar Corp. as of December...
54. Based on the following information, prepare the bank
reconciliation for Cougar Corp. as of December 31.
A. On December 31, Cougar Corp. general ledger showed a cash
balance of $26,775. The company's bank statement showed an ending
balance of
$29,558.
B. A deposit on December 31 for $3,600 was not recorded by the
bank until January
1.
C. A check for $175 received from one of Cougar's customers was
noted as NSF by the
bank.
...
1. Prepare the bank reconciliation statement as of April 30, 2020. (10) (a) The bank statement...
1. Prepare the bank reconciliation statement as of April 30,
2020. (10)
(a) The bank statement balance is $18,900.
(b) The cash account balance is $17,787.
(c) Outstanding checks amounted to $8,000.
(d) Deposits in transit from sales are $6,000.
(e) The bank service charge is $60.
(f) NSF Check from Customer Mike for $800.
Check #2146 for $152, written to pay supplies expense, was
incorrectly recorded in the books for $125.
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 4 minutes ago
asked 10 minutes ago
asked 19 minutes ago
asked 53 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