In preparing its May 31, 2025 bank reconciliation, Sage Hill Co. has the following information available: Balance per bank statement, 5/31/25 Deposit in transit, 5/31/25 Outstanding checks, 5/31/25 Note collected by bank in May The correct balance of cash at May 31, 2025 is $47810. O $46450. $45090. O $52450 $46000 6450 6000 1360

In preparing its May 31, 2025 bank reconciliation, Sage Hill Co. has the following information available: Balance per bank statement, 5/31/25 Deposit in transit, 5/31/25 Outstanding checks, 5/31/25 Note collected by bank in May The correct balance of cash at May 31, 2025 is $47810. O $46450. $45090. O $52450 $46000 6450 6000 1360

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 11MC

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Similar questions

Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance: $5,577 Deposits in transit: $1,546 Outstanding checks: $956 Interest income: $56 NSF check: $456
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Domingo Company received the following bank statement. Using PA9, prepare the bank reconciliation.
The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes receivable collected by bank: $1,000; interest: $20 Outstanding checks: $569 Error by bank: $300 Bank charges: $30 Prepare the correcting journal entry.
Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance: $2,547 Deposits in transit: $321 Outstanding checks: $108 and $334 Bank charges: $25 Notes receivable: $1,000; interest: $35
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