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newconnect.mheducation.com 5 Homework i Saved Help BANK STATEMENT Date Checks Deposits Other Balance Dec. 1 $50,400 42,760 70,190 55,290 91,290 90,720 88,800 88,860 88,690 6 7,640 11 570 $28,000 14,900 17 23 36,000 26 570 30 20,600 19,000 NSF* $320 31 Interest earned 60 31 Service charge 170 NSF check from J. Left, a customer. Cash (A) Dec. 1 Balance 50,400 Deposits Checks written during December: Dec. 11 28,000 36,000 19,000 13,000 7,640 23 570 30 14,900 31 570 170 20,600 4,800 97,150 Dec. 31 Balance There were no deposits in transit or outstanding checks at November 30. 5. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? 6. If the company also has $320 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the December 31 balance sheet? 5. Balance in Cash Account $ 23 6. Total Amount of Cash and Cash Equivalents Next> ( Prev of 10 PII go F9 F6 F8 F7 F5 F4 F2 & % # 7 6 2 5 4 3 newconnect.mheducation.com 5 Homeworki Saved Cash (A) Dec. 1 Balance 50,400 Deposits Checks written during December: 7,640 Dec. 11 28,000 36,000 19,000 13,000 23 570 30 14,900 4 31 570 170 20,600 4,800 Dec. 31 Balance 97,150 There were no deposits in transit or outstanding checks at November 30. 4. Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet X No Transaction General Journal Debit Credit A Cash 60 Interest Revenue 60 B 2 Service Revenue 170 Cash 170 Accounts Receivable C 3 320 Cash 320 No Journal Entry Required D 4 No Journal Entry Required E < Prev Next> 3 4 of 10 NacBook Pro B0 F7 FB F6 FS FD F2 F4 % 5 & 2 7 6 8 t LO 3 LLI

newconnect.mheducation.com 5 Homework i Saved Help BANK STATEMENT Date Checks Deposits Other Balance Dec. 1 $50,400 42,760 70,190 55,290 91,290 90,720 88,800 88,860 88,690 6 7,640 11 570 $28,000 14,900 17 23 36,000 26 570 30 20,600 19,000 NSF* $320 31 Interest earned 60 31 Service charge 170 NSF check from J. Left, a customer. Cash (A) Dec. 1 Balance 50,400 Deposits Checks written during December: Dec. 11 28,000 36,000 19,000 13,000 7,640 23 570 30 14,900 31 570 170 20,600 4,800 97,150 Dec. 31 Balance There were no deposits in transit or outstanding checks at November 30. 5. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? 6. If the company also has $320 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the December 31 balance sheet? 5. Balance in Cash Account $ 23 6. Total Amount of Cash and Cash Equivalents Next> ( Prev of 10 PII go F9 F6 F8 F7 F5 F4 F2 & % # 7 6 2 5 4 3 newconnect.mheducation.com 5 Homeworki Saved Cash (A) Dec. 1 Balance 50,400 Deposits Checks written during December: 7,640 Dec. 11 28,000 36,000 19,000 13,000 23 570 30 14,900 4 31 570 170 20,600 4,800 Dec. 31 Balance 97,150 There were no deposits in transit or outstanding checks at November 30. 4. Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet X No Transaction General Journal Debit Credit A Cash 60 Interest Revenue 60 B 2 Service Revenue 170 Cash 170 Accounts Receivable C 3 320 Cash 320 No Journal Entry Required D 4 No Journal Entry Required E < Prev Next> 3 4 of 10 NacBook Pro B0 F7 FB F6 FS FD F2 F4 % 5 & 2 7 6 8 t LO 3 LLI

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.18E
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newconnect.mheducation.com 5 Homework i Saved Help BANK STATEMENT Date Checks Deposits Other Balance Dec. 1 $50,400 42,760 70,190 55,290 91,290 90,720 88,800 88,860 88,690 6 7,640 11 570 $28,000 14,900 17 23 36,000 26 570 30 20,600 19,000 NSF* $320 31 Interest earned 60 31 Service charge 170 NSF check from J. Left, a customer. Cash (A) Dec. 1 Balance 50,400 Deposits Checks written during December: Dec. 11 28,000 36,000 19,000 13,000 7,640 23 570 30 14,900 31 570 170 20,600 4,800 97,150 Dec. 31 Balance There were no deposits in transit or outstanding checks at November 30. 5. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? 6. If the company also has $320 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the December 31 balance sheet? 5. Balance in Cash Account $ 23 6. Total Amount of Cash and Cash Equivalents Next> ( Prev of 10 PII go F9 F6 F8 F7 F5 F4 F2 & % # 7 6 2 5 4 3
Transcribed Image Text:newconnect.mheducation.com 5 Homework i Saved Help BANK STATEMENT Date Checks Deposits Other Balance Dec. 1 $50,400 42,760 70,190 55,290 91,290 90,720 88,800 88,860 88,690 6 7,640 11 570 $28,000 14,900 17 23 36,000 26 570 30 20,600 19,000 NSF* $320 31 Interest earned 60 31 Service charge 170 NSF check from J. Left, a customer. Cash (A) Dec. 1 Balance 50,400 Deposits Checks written during December: Dec. 11 28,000 36,000 19,000 13,000 7,640 23 570 30 14,900 31 570 170 20,600 4,800 97,150 Dec. 31 Balance There were no deposits in transit or outstanding checks at November 30. 5. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? 6. If the company also has $320 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the December 31 balance sheet? 5. Balance in Cash Account $ 23 6. Total Amount of Cash and Cash Equivalents Next> ( Prev of 10 PII go F9 F6 F8 F7 F5 F4 F2 & % # 7 6 2 5 4 3
newconnect.mheducation.com 5 Homeworki Saved Cash (A) Dec. 1 Balance 50,400 Deposits Checks written during December: 7,640 Dec. 11 28,000 36,000 19,000 13,000 23 570 30 14,900 4 31 570 170 20,600 4,800 Dec. 31 Balance 97,150 There were no deposits in transit or outstanding checks at November 30. 4. Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet X No Transaction General Journal Debit Credit A Cash 60 Interest Revenue 60 B 2 Service Revenue 170 Cash 170 Accounts Receivable C 3 320 Cash 320 No Journal Entry Required D 4 No Journal Entry Required E < Prev Next> 3 4 of 10 NacBook Pro B0 F7 FB F6 FS FD F2 F4 % 5 & 2 7 6 8 t LO 3 LLI
Transcribed Image Text:newconnect.mheducation.com 5 Homeworki Saved Cash (A) Dec. 1 Balance 50,400 Deposits Checks written during December: 7,640 Dec. 11 28,000 36,000 19,000 13,000 23 570 30 14,900 4 31 570 170 20,600 4,800 Dec. 31 Balance 97,150 There were no deposits in transit or outstanding checks at November 30. 4. Prepare any journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet X No Transaction General Journal Debit Credit A Cash 60 Interest Revenue 60 B 2 Service Revenue 170 Cash 170 Accounts Receivable C 3 320 Cash 320 No Journal Entry Required D 4 No Journal Entry Required E < Prev Next> 3 4 of 10 NacBook Pro B0 F7 FB F6 FS FD F2 F4 % 5 & 2 7 6 8 t LO 3 LLI
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