The following information is available for Hapley Co.∙ November 30 bank statement shows a $1,895 balance.∙ The general ledger shows a $1,742 balance at November 30.∙ A $795 deposit placed in the bank’s night depository onNovember 30 does not appear on the November 30 bankstatement.∙ Outstanding checks amount to $638 at November 30.∙ A customer’s $320 note was collected by the bank anddeposited in Hapley’s account in November.∙ A bank service charge of $10 is deducted by the bank andappears on the November 30 bank statement.How will the customer’s note appear on Hapley’s November30 bank reconciliation? $320 appears as an addition to the bank balance of cash.
The following information is available for Hapley Co.∙ November 30 bank statement shows a $1,895 balance.∙ The general ledger shows a $1,742 balance at November 30.∙ A $795 deposit placed in the bank’s night depository onNovember 30 does not appear on the November 30 bankstatement.∙ Outstanding checks amount to $638 at November 30.∙ A customer’s $320 note was collected by the bank anddeposited in Hapley’s account in November.∙ A bank service charge of $10 is deducted by the bank andappears on the November 30 bank statement.How will the customer’s note appear on Hapley’s November30 bank reconciliation? $320 appears as an addition to the bank balance of cash.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 1PB
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The following information is available for Hapley Co.
∙ November 30 bank statement shows a $1,895 balance.
∙ The general ledger shows a $1,742 balance at November 30.
∙ A $795 deposit placed in the bank’s night depository on
November 30 does not appear on the November 30 bank
statement.
∙ Outstanding checks amount to $638 at November 30.
∙ A customer’s $320 note was collected by the bank and
deposited in Hapley’s account in November.
∙ A bank service charge of $10 is deducted by the bank and
appears on the November 30 bank statement.
How will the customer’s note appear on Hapley’s November
30 bank reconciliation? $320 appears as an addition to the bank balance of cash.
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