1

lemic Calendar My MCBS Library English (en) - ndamentals of Financial Accounting Summer Session 12021/ACT 140/D2 / Final Examination/ AC In a bank reconciliation statement, explain. A. Non-sufficient-funds (NSF) check B. What is a deposit in transit? A BI - mcbs.proctoring.online is sharing your screen. Stop 11

Bank Reconciliation Statements lecture Homework #1 ZipFlyer Inc. 's cash T-Account for May shows the foliowing information: Cash Date Commenis Amount S13,846 1.550 2,700 Date Comments Amount Cheque 75 Cheque #76 Cheque 877 Cheque 78 Cheque #79 Cheque #80 Cheque #81 Cheque #82 Cheque #83 Cheque #84 Cheque #85 Cheque 486 Opening balance Deposit May ! May 3 May 1 May I May 3 May 15 May 21 Миу 31 5550 875 Deposit Deposit Deposit Deposit May 4 1,256 May 7 May 10 May 13 Миу 17 May 21 May 25 May 28 May 29 May 31 4.950 3.684 2.600 3,000 1,100 486 548 3,058 1,244 983 68 175 May 31 Ending Balance $14,619 The following comes from the company's April 2024 Bank Statement: Date Description Balance Forward Depasit Cheque #75 Depasit Cheque #77 NSF Cheque- W. White Cheque #76 Cheyue #78 Bank Collection Cheque #79 EFT - ltilities bill Deposit Cheque #80 Depasit EFT- Telephone Cheque #82 Cheque #83 Bank plan fee Withdrawals Deposits Balance $13846 15,396 14.846 17.546 16,290 15,690 April 30 Мay 2 May 3…

Item2 10points   Print Check my workCheck My Work button is now enabled3 Item 2 Use the following bank statement and T-account to prepare the May 31 bank reconciliation.  BANK STATEMENT Date Checks Deposits Other Balance May 1           $ 560 May 4 #2 $ 100 $ 140     600 May 12 #4 190   NSF check $ 140 270 May 28 #5 110       160 May 30 #6 105 560     615 May 31 #8 145   Service charge 95 375   Cash (A) Debit Credit May 1 560     May 3 140 100 May 3 #2     100 May 4 #3     190 May 8 #4     110 May 11 #5     105 May 21 #6 May 29 560 115 May 29 #7 May 30 330 145 May 30 #8 May 31 725

Ad JuSte d cosn Cash balance per bank $4,500 Outstanding checks $200 Deposits in transit $1,000 Credit memo for interest $50 Bank service charge $25

Please answer letter B

Use the following bank statement and T-account to identify outstanding deposits that should be included in the May 31 bank reconciliation. Date May 11 May 4 May 12 May 28, May 30 May 31 May 11 May 3 May 29 May 30 May 31 #2 #4 #5 #6 #8 Debit ESCUCC Outstanding Deposits Checks $ 10 100 20 15 55 Cash (A) 200 50 200 150 305 BANK STATEMENT Deposits $50 200 NSF check Other Service charge Credit 10 May 3 #2 70 May 4 #3 100 May 884 20 May 11 #5 15 May 21 #61 25 May 29 87 55 May 30 8 $50 5 Balance $ 200 240 90 70 255 195

e - Prod x Module 8 Assessments - ACG20 * CengageNOWv2 | Online teachir ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statement at July 31, $31,350. 3. Checks outstanding, $2,870. 4. Deposit in transit, not recorded by bank, $4,150. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $20. Journalize the entries that should be made by the company, part (A) Error and part (B) Service Charge a. July 31 Cash Accounts Payable v b. July 31 Miscellaneous Expense v Cash v Feedback Check My Work Keep in mind that the company needs to journalize any adjusting items in the company section…

QUESTION 8 You are provided with information relating to Umdoni Stores. The following information appeared in the Bank Reconciliation Statement of Umdoni Stores on 30 September 20.19: Balance per bank statement R5 000 Debit 7. An EFT payment made by a receivable for R4 300 on 31 October 20.19 appeared in the bank statement but not in the Balance per Cash Book R6 500 credit October Cash Book. Outstanding deposit dated 30 September 20.19 R20 500 On comparing the September bank Reconciliation statement, the October bank statement and the Cash Book for October, the following was noted: To reconcile the balance of the Cashbook with the balance of the Bank statement on 31 October, the R4 300 deposit (no. 7) must be recorded as follows: In the debit column of the Bank reconciliation statement as R4 300 O In the credit column of the Bank reconciliation statement as R4 300 Not recorded in the Bank account or the Bank reconciliation statement On the debit side of the Bank account as R4 300 On…

Correct amount of cash in bank to be presented in the balance sheet

Question is attached in the screenshot greatly appreciate the help thank you uye reye

Calculator chapter 8 eBook The following June 30 bank reconciliation was prepared for Poway Co. Poway Co. Bank Reconciliation For the Month Ended June 30 $16,185 Cash balance according to bank statement Add outstanding checks: $575 No. 1067 470 1106 1.050 1110 910 3,005 1113 $19,190 6,600 Deduct deposit of June 30, not recorded by bank 512,590 Adjusted balance $8,985 Cash balance according to company's records Addı Proceeds of note collected by banki Principal $6,000 Interest 300 $6,300 Service charges 15 6,315 $15.300 0685 5,400 Deduct: Check returned because of Insufficient funds Error in recording June 17 deposit of S7.150 as 31,750 6,290 s 9,010 Adjusted belance a. Identfy the errors in the above bank reconci lation. Check My Work Assignment Score: 45.08% Type here to search

Please kindly help me with the following question

Question 25 December 3, you received your bank statement showing a balance of $5,055.06. Your checkbook shows a balance of $5,221.98. Outstanding checks are $934.22, $1,579.99, and $1,112.45. The account earned interest of $146.05. Deposits in transit amount to $3,931.63, and there is a service charge of $8.00. Calculate the reconciled balance. Use the following format on a separate sheet of paper to calculate the adjusted checkbook balance and adjusted statement balance. Respond with the adjusted amount only. There is no need to provide the reconciliation on the assignment or space provided. CHECKBOOK BALANCE Add: Interest Earned & Other Credits SUBTOTAL Deduct: Services Charges & Other Debits ADJUSTED CHECKBOOK BALANCE STATEMENT BALANCE Add: Deposits in Transit SUBTOTAL Deduct Outstanding Checks ADJUSTED STATEMENT BALANCE

BANK STATEMENT Date Checks Deposits Other Balance $ 48,000 40, 380 67,830 53,930 ৪9,938 ৪৪, 978 88,470 88,520 88,370 Dec. 1 $ 7,620 550 $28, 0e 13,900 11 17 23 36, e00 26 960 30 19,200 19, e00 NSF* $300 Interest earned Service charge 31 50 31 150 NSF check from J. Left, a customer. Cash (A) Dec. 1 Balance 48, 000 Deposits Checks written during December: 7,620 550 28, e00 36, 000 19,000 13,e00 Dec. 11 23 13,900 960 30 31 150 19, 200 4,500 Dec. 31 Balance 97,128 There were no deposits in transit or outstanding checks at November 30. 4. Prepare any journal entries that the company should make as a resuit of the bank reconciliatio transaction/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet B C D E A Record the interest of $50 received from the bank. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal

vnt.2

Week 3 Bank Reconciliation Homework 2 PR.05.01 PR.05.03 Hide or show questions Progress:2/2 items   eBook Bank Reconciliation and Entries The cash account for Highlander Diamond Co. on April 1, 20Y5, indicated a balance of $35,400. During April, the total cash deposited was $120,255, and checks written totaled $109,200. The bank statement indicated a balance of $60,927 on April 30, 20Y5. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: Checks outstanding totaled $21,450. A deposit of $13,913, representing receipts of April 30, had been made too late to appear on the bank statement. A check for $710 had been incorrectly charged by the bank as $170. A check for $220 returned with the statement had been recorded by Highlander Diamond Co. as $2,200. The check was for the payment of an obligation to Dirt Dog Inc. on account. The bank had collected for Highlander Diamond $6,480 on a…

My Transactions Deposits Withdrawals Balance T Success In-process Refund Failed Withdraw is usually processed in minutes 04/13/2024 d012404131907201959881 EO Copy BANK 07:07 pm In-Payment 1000.00 04/11/2024 d012404111534241952032 BANK Success Copy Need help with this order? Tap to contact us. 03:34 pm 509.00