Question

each of the following items affect the cssh balance per company except nsf checks notes collected...

each of the following items affect the cssh balance per company except

nsf checks
notes collected by bank
outstanding checks
bank service charges

Homework Answers

Answer #1

ANSWER : OUTSTANDING CHECKS

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Schaeffer Company assembled the following information to complete its March 31st cash reconciliation: Cash balance per...
Schaeffer Company assembled the following information to complete its March 31st cash reconciliation: Cash balance per bank= $12,224 Cash balance per books= $13,580 Deposits in transit= $4,000 NSF check from customer= $256 Bank service charges= $80 Outstanding checks= $2,480 Accounts receivable collected by bank for Schaeffer= $500 (a) Prepare a complete bank/cash reconciliation for March 31st . (b) Prepare the adjusting journal entries required on March 31st .
The following items appeared on the January 31 bank reconciliations for Dupree Company: Outstanding Checks: $74...
The following items appeared on the January 31 bank reconciliations for Dupree Company: Outstanding Checks: $74 Deposit in Transit: $80 Bank Service Charge: $4 NSF Check: $40 Error: Check written by Dupree for $440 was correctly recorded by Dupree, but recorded for $476 by the bank. Bank collection of Note Receivable for Dupree: $90 The unadjusted balance per the January 31 bank statement is $1,000. The adjusted cash balance for the January 31 balance sheet is: Select one: a. $970...
Jamison Company gathered the following reconciling information in preparing its June bank reconciliation: Cash balance per...
Jamison Company gathered the following reconciling information in preparing its June bank reconciliation: Cash balance per bank, June 30 $11,883 Note receivable collected by bank 7,216 Outstanding checks 5,690 Deposits in transit 4,345 Bank service charge 77 NSF check 1,902 Using the above information, determine the cash balance per books (before adjustments) for Jamison Company. On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $16,200 account receivable. The note is due in six...
Jamison Company gathered the following reconciling information in preparing its June bank reconciliation: Cash balance per...
Jamison Company gathered the following reconciling information in preparing its June bank reconciliation: Cash balance per bank, 6/30 $13,000 Note receivable collected by the bank 4,000 Outstanding checks 7,000 Deposits in transit 2,500 Bank service charge 35 NSF check 1,900
a) Ladd Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance...
a) Ladd Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30   $20,900 Deposits in transit 5,700 Notes receivable and interest collected by bank 9,600 Bank charge for check printing 134 Outstanding checks 15,500 NSF check   1,620 The adjusted cash balance per books on April 30 is b) At April 30, Dorale Company has the following bank information: cash balance per bank $4,500; outstanding checks $556; deposits in transit $571; credit memo for...
Jones Company shows the following data : Balance per cash account $3260 Balance per bank statement...
Jones Company shows the following data : Balance per cash account $3260 Balance per bank statement 3908 Outstanding checks 1400 Deposits in transit 3972 Bank service charge 75 Note collected ($340 is interest) 3340 NSF check 225 Error in recording computer supplies ; the amount of the check is $350, but it was recorded as $530 Required ; Please prepare a bank reconciliation as of 12/31/18. Please record any necessary journal entries.
The following data were gathered to use in reconciling the bank account of Torres Company: Balance...
The following data were gathered to use in reconciling the bank account of Torres Company: Balance per bank $9,060 Balance per company records 7,910 Bank service charges 20 Deposit in transit 2,480 NSF check 1,920 Outstanding checks 5,570 Instructions A. What is the adjusted balance on the bank reconciliation? B. On March 1, journalize any necessary entries for Torres Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wording of account titles. Balance per bank...
The following data were gathered to use in reconciling the bank account of torres company: Balance...
The following data were gathered to use in reconciling the bank account of torres company: Balance per bank $12,175 Balance per comany records 9,480 Bank service charges 50 Deposit in transit 1,800 NSF check 1,250 Outstanding checks 5,795 a. What is the adjusted balance on the bank reconcilitation? b. Journalize any necessary entries for Torres Company based on the bank reconcilitation.
Jamison Company developed the following reconciling information in preparing its June bank reconciliation: Cash balance per...
Jamison Company developed the following reconciling information in preparing its June bank reconciliation: Cash balance per bank, 6/30 $12,137 Note receivable collected by bank 5,850 Outstanding checks 7,897 Deposits-in-transit 4,338 Bank service charge 73 NSF check 2,627 Using the above information, determine the cash balance per books (before adjustments) for Jamison Company. $5,428 $8,578 $11,728 $15,287
DMC Company had checks outstanding totaling $18,200 on its June bank reconciliation. In July, DMC Company...
DMC Company had checks outstanding totaling $18,200 on its June bank reconciliation. In July, DMC Company issued checks totaling $78,900. The July bank statement shows that $71,400 in checks cleared the bank in July. A check from one of DMC Company's customers in the amount of $2,200 was also returned marked "NSF." The amount of outstanding checks on DMC Company's July bank reconciliation should be a.   $7,500. b.   $23,500. c.   $25,700. d.   $27,900. KLM Company had the following reconciling information...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT