Subject: Oriole Wyatt is unable to reconcile the bank balance at January 31. Oriole's reconciliation is as follows.Cash balance per bankAdd: NSF checkLess: Bank service chargeAdjusted balance per bank(b)$4,320.20Cash balance per booksLess: Deposits in transitAdd: Outstanding checksAdjusted balance per books $4,660.20eTextbook and MediaAdjusted cash balance per bank $List of Accounts310.00$4,600.20Save for Later30.00$4,635.20Show Transcribed TextWhat is the proper adjusted cash balance per bank? (Round answer to 2 decimal places, e.g. 52.75.)910.00Adjusted cash balance per books $935.00Attempts: 0 of 5 used Submit AnswerWhat is the proper adjusted cash balance per books? (Round answer to 2 decimal places, e.g. 52.75.) Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books. (List all debit entries before creditentries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimalplaces, e.g. 52.75.)No. Account Titles and Explanation1.2.(To record NSF check.)(To record bank service charge.)DebitCredit

In this question, we will make the bank reconciliation statement for determining the adjusted cash…

Oriole Wyatt is unable to reconcile the bank balance at January 31. Oriole's reconcilia Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,320.20 310.00 30.00 $4,600.20

Oriole Wyatt is unable to reconcile the bank balance at January 31. Oriole's reconcilia Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,320.20 310.00 30.00 $4,600.20

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 2SEQ

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Concept explainers

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.

Question

Subject:

Oriole Wyatt is unable to reconcile the bank balance at January 31. Oriole's reconciliation is as follows.
Cash balance per bank
Add: NSF check
Less: Bank service charge
Adjusted balance per bank
(b)
$4,320.20
Cash balance per books
Less: Deposits in transit
Add: Outstanding checks
Adjusted balance per books $4,660.20
eTextbook and Media
Adjusted cash balance per bank $
List of Accounts
310.00
$4,600.20
Save for Later
30.00
$4,635.20
Show Transcribed Text
What is the proper adjusted cash balance per bank? (Round answer to 2 decimal places, e.g. 52.75.)
910.00
Adjusted cash balance per books $
935.00
Attempts: 0 of 5 used Submit Answer
What is the proper adjusted cash balance per books? (Round answer to 2 decimal places, e.g. 52.75.)

Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books. (List all debit entries before credit
entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal
places, e.g. 52.75.)
No. Account Titles and Explanation
1.
2.
(To record NSF check.)
(To record bank service charge.)
Debit
Credit

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