Bentley Company’s June 30 bank statement and June ledger account
for cash are summarized below:
BANK...
Bentley Company’s June 30 bank statement and June ledger account
for cash are summarized below:
BANK STATEMENT
Checks
Deposits
Balance
Balance, June 1
$
6,500
Deposits during June
$
16,200
22,700
Checks cleared during June
$
16,600
6,100
Bank service charges
40
6,060
Balance, June 30
6,060
Cash (A)
June 1 Balance
6,500
June Checks written
19,000
June Deposits
18,100
Required:
1. Reconcile the bank account. A comparison of
the checks written with the checks that have cleared the bank...
Cowboy Company’s bank statement for June 30 showed a cash
balance of $8,652. The company’s general...
Cowboy Company’s bank statement for June 30 showed a cash
balance of $8,652. The company’s general ledger Cash account showed
a $6,933 debit balance. The following information was also
available as of June 30:
A customer’s note for $900 was collected by the bank.
A deposit placed in the bank’s night depository on June 30
totaled $3,456. This deposit did not appear on the bank
statement.
Outstanding checks as of June 30 totaled $4,560.
Included with the bank statement was...
The September 30 bank
statement for Cadieux Company and the September ledger account for
cash are...
The September 30 bank
statement for Cadieux Company and the September ledger account for
cash are summarized here:
BANK STATEMENT
Checks
Deposits
Other
Balance
Balance, September 1
$
2,060
September 7
NSF check
$
100
1,960
September 11
$
3,090
5,050
September 12
#101
$
830
4,220
September 17
#102
1,760
2,460
September 26
#103
2,330
130
September 29
EFT deposit
165
295
September 30
Service
charge
20
275
Cash (A)
Sep
1
Balance
2,060
Sep
10
3,090
830
...
The April 30 bank statement for KMaxx Company and the
April ledger account for cash are...
The April 30 bank statement for KMaxx Company and the
April ledger account for cash are summarized here:
BANK STATEMENT
Checks
Deposits
Other
Balance
Balance, April 1
$6,000
April 5
#101
$ 700
5,300
April 9
$2,500
7,800
April 12
#102
200
7,600
April 19
#103
500
7,100
April 22
#104
1,000
6,100
April 27
EFT payment
$200
5,900
April 29
NSF check
100
5,800
April 30
Service charge
25
5,775
Cash (A)
April 1
Balance
6,000
April 8
2,500...
The cash records of Mercury Company show the following:
1.
The June 30 bank reconciliation indicated...
The cash records of Mercury Company show the following:
1.
The June 30 bank reconciliation indicated that deposits in
transit totaled $790. During July the general ledger account Cash
shows deposits of $9,800, but the bank statement indicates that
only $8,240 in deposits were received during the month.
2.
The June 30 bank reconciliation also reported outstanding
checks of $1,200. During the month of July, Mercury Company books
show that $11,570 of checks were issued, yet the bank statement
showed...
The balance in Happ, Inc.’s general ledger Cash account was
$13,200 at September 30, before reconciliation....
The balance in Happ, Inc.’s general ledger Cash account was
$13,200 at September 30, before reconciliation. The September 30
balance shown in the bank statement was $11,830. Reconciling items
included deposits in transit, $1,270; bank service charges, $105;
NSF check written by a customer and returned with the bank
statement, $520; outstanding checks, $450; and interest credited to
the account during September but not recorded on the company’s
books, $75.
Required:
Prepare a bank reconciliation as of September 30 for...
Chicago Company has hired you to reconcile its bank statement
and cash account. At June 30,...
Chicago Company has hired you to reconcile its bank statement
and cash account. At June 30, 2019, the Cash account on the books
showed the following:
Cash account
Date
Explanation
Debits
Credits
Balance
June 1
Balance
$5,600
June 1-30
Deposits
$32,000
37,600
June 1-30
Checks
$29,700
7,900
June 30
Balance
7,900
The June bank statement, just received, showed
the following:
June 1, balance
$5,600
Deposits made in June
29,000
Interest paid by the bank in June
120
Checks paid in...
I. Company has just received the August 31, 2017, bank
statement, which is summarized below.
County...
I. Company has just received the August 31, 2017, bank
statement, which is summarized below.
County National Bank
Disbursements
Receipts
Balance
Balance, August 1
$11,927
Deposits during August
$40,991
52,918
Note collected for depositor, including $51 interest
1,324
54,242
Checks cleared during August
$43,919
10,323
Bank service charges
25
10,298
Balance, August 31
10,298
The general ledger Cash account contained the following entries for
the month of August.
Cash
Balance, August 1
12,794
Disbursements in August
44,446
Receipts during August...
The cash records of Jasmin Company show the following four
situations:
1) The June 30 bank...
The cash records of Jasmin Company show the following four
situations:
1) The June 30 bank reconciliation indicated that deposits in
transit total $2,110. During July the general ledger account Cash
shows deposits of $23,620, but the bank statement indicates that
only $23,400 in deposits were received during the month.
2) The June 30 bank reconciliation also reported outstanding
checks of $1,250. During the month of July, Jasmin Company books
show that $25,800 of checks were issued. The bank statement...
The cash records of Sunland Company show the following.
For July:
1.
The June 30 bank...
The cash records of Sunland Company show the following.
For July:
1.
The June 30 bank reconciliation indicated that deposits in
transit total $700. During July, the general ledger account Cash
shows deposits of $18,870, but the bank statement indicates that
only $15,810 in deposits were received during the month.
2.
The June 30 bank reconciliation also reported outstanding
checks of $910. During the month of July, Sunland Company books
show that $17,980 of checks were issued, yet the bank...