Harris Company had checks outstanding totaling $4,883 on its May bank reconciliation. In June, Harris Company issued checks totaling $39,485. The June bank statement shows that $26,185 in checks cleared the bank in June. A check from one of Harris Company's customers of $845 was also returned marked "NSF." Determine the amount of outstanding checks on Harris Company's June bank reconciliation. Select the correct answer. $65,670 $17,338 $21,302 $18,183

Q: • The July 31 bank statement indicated a cash balance of $9,610 • The cash ledger account on that…

A: Bank Statement: Bank Statement is a record maintained by a bank of a company in which that company…

Q: In the month of May, Fredricksburg Company Inc. wrote checks in the amount of $64,750. In June,…

A: Outstanding checks (May)=Checks written in May-Checks presented=$64,750-$59,276=$5,474

Q: In preparing the bank reconciliation for the month of August, Alex Company provided the following…

A: Bank reconciliation statement is prepared to cross check the balances of cash in bank balance as per…

Q: The cash account for Norwegian Medical Co. at April 30 indicated a balance of $12,500. The bank…

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Q: Minor Company had checks outstanding totaling $4,127 on its April bank reconciliation. In May, Minor…

A: Check outstanding means checks which has been issued but not present for payment. It is related with…

Q: Nickleson Company had an unadjusted cash balance of $6,209 as of May 31. The company's bank…

A: Bank reconciliation statement is used to determine the differences between the bank statement…

Q: The Cash in Bank account balance on April 30 was $13,991. In reviewing checks returned by the bank,…

A: a. Calculation of Bank reconciliation statement : Given, cash account balance as on April 30 =…

Q: Kevin Company had the following bank reconciliation on June 30: Balance per bank statement, June 30…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: FEUST Company is preparing its bank reconciliation for the month of March and revealed the following…

A: Solution:- Calculation of the adjusted cash in bank balance as follows under:-

Q: Minor Company had checks outstanding totaling $5,330 on Its April barik reconciliation. In May,…

A: Ending checks outstanding = Beginning checks outstanding + Checks issued - Checks cleared

Q: Before reconciling its bank statement, Rollin Corporation's general ledger had a month-end balance…

A: Deposits in transit and outstanding checks require adjustments in the bank statement, not in the…

Q: Nolan Company’s Cash account shows a $22,352 debit balance and its bank statement shows $21,332 on…

A: Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from…

Q: Sapphire Company provided the following information for the month of December: Balance per bank…

A: Sapphire company provided the following for month of December : Balance as per bank statement on…

Q: LILA company has the below information in its Bank Statement and the company book at the end of the…

A: Bank reconciliation statement: This statement is prepared to reconcile the entity cash balance with…

Q: The following information was included in the bank reconciliation for Jungkook Company for June:…

A: Computation of outstanding checks at the beginning of june:

Q: Nickleson Company had an unadjusted cash balance of $5,782 as of May 31. The company's bank…

A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…

Q: [The following information applies to the questions displayed below.] Del Gato Clinic's cash account…

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Q: Given the following information , prepare a bank reconciliation and the related journal entries…

A: A bank reconciliation statement is a summary of banking and business activity that reconciles an…

Q: In preparing the bank reconciliation for the month of December, Case Company provided the following…

A: Adjusted bank balance=Balance as per bank+Deposit in transit-O/s check-Errorneous…

Q: When a company's bookkeeper started to prepare the monthly bank reconciliation, the cash account…

A: Solution:  Correct cash balance shown on the bank reconciliation should be = Unadjusted cash balance…

Q: Anthony Company had the following bank reconciliation on March 31 of the current year: Balance per…

A: At the end of year, the balances are compared for pass book and cash book. The balances of the books…

Q: S Co. had the following information at Mar 31.: Balance per bank statement, Mar 31, P37,200; Balance…

A: Ideally cash balance as per cashbook and bank balance as per bank statement must reconcile with each…

Q: Hot Sox Company had checks outstanding totaling $18,200 on its June bank reconciliation. In July,…

A:

Q: You are the accountant for Georgia Company and you have recently received the bank statement for…

A: Bank reconciliation statement is prepared by almost every organization at a particular time. It is a…

Q: Prepare a bank reconciliation for Jamboree Enterprises for the month ended November 30. The…

A: Bank reconciliation is a statement which reconciles bank balance as per cash book with bank balance…

Q: Minor Company had checks outstanding totaling $5,722 on its April bank reconciliation. In May, Minor…

A: Checks outstanding totaling $5,722 Check issued in May $41,711 Checks cleared in May $25,332 NSF…

Q: Kline Company had checks outstanding totaling $6,400 on its May bank reconciliation. In June, Kline…

A: The correct option is A ($16,600).

Q: Krist Company provided the following data for the month of January: Balance per book, January 31…

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Q: Nickleson Company had an unadjusted cash balance of $6.351 as of May 31. The company's bank…

A: Formula: True cash balance = Unadjusted cash balance + notes collected by bank + revenues - service…

Q: The account of Masigla Company prepared the following bank reconciliation dated June 30 of the…

A: The cash which is paid out or expensed is called cash disbursement. It is a cash outflow.

Q: The cash records of the Dillon Company show the following: 1. The July 31 bank reconciliation…

A: Deposits in transit refers the sum of money which has been received and recorded by the organization…

Q: The following information applies to the questions displayed below.] Del Gato Clinic's cash account…

A: Recording error of check=$798-$789=$9

Q: ABC Company prepared the following bank reconciliation dated June 30 of the current year: Balance…

A: Solution: Unadjusted cash receipts per books = Total credits in June bank statement - June Deposits…

Q: . The adjusted balance per book is b. The adjusted balance per bank is

A: Bank reconciliation statement: Bank reconciliation refers to the statement prepared by the customer…

Q: In preparing the bank reconciliation for the month of November, APPLE Industries provided the…

A: Ideally cash balance as per cash book and bank balance as per bank statement should reconcile with…

Q: Aljon Co. had the following bank reconciliation on June 30: Balance per bank statement, June 30…

A: A cash disbursement is the payment of money in exchange for the delivery of goods or services. A…

Q: ABC Company prepared the following bank reconciliation dated June 30 of the current year: Balance…

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Q: In preparing the bank reconciliation for the month of December, case company provided the following…

A: Formula: Adjusted cash balance = balance per bank statement + deposit in transit - amount…

Q: Alexa Company had the following bank reconciliation on June 30: Balance per bank statement, June 30…

A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…

Q: Letty Company provided the bank statement for the month of April which included the following…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: On December 31, after all transactions have been recorded, the balance in the company's Cash account…

A: Bank Reconciliation statement is a statement which is prepared to reconcile cash balance as per cash…

Q: Winter Gloves Company had checks outstanding totaling $12,800 on its May bank reconciliation. In…

A: Outstanding check is the check which is issued by the company but not yet cleared by the bank.

Q: Using the following information, prepare a bank reconciliation for Young Co. for August 31, 2009:…

A: Given Information: Bank statement balance is $4,010 Cash account balance is $4,207

Q: Del Gato Clinic's cash account shows a $13,209 debit balance and its bank statement shows $12,483 on…

A: General Journal:

Q: Nickleson Company had an unadjusted cash balance of $7,750 as of May 31. The company's bank…

A: True cash balance can be calculated using bank reconciliation.

Q: Finac Company deposits all cash receipts on the day when they are received and it makes all cash…

A: Bank reconciliation statement is prepared to reconcile the differences appearing in cash book of…

Q: Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of May,…

A: Bank reconciliation statement is prepared where an entry which is found in one book (Cash book or…

Q: Minor Company had checks outstanding totaling $5,145 on its April bank reconciliation. In May, Minor…

A: Bank reconciliation statement is used to determine the differences between the bank statement…

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.