The Tanner company’s August 31, 20XX, pre-reconciliation cash balance on its books was $35,000.Outstanding checks = $11,000Deposits in transit total $7,000.Bank service charge is $50 What’s the cash balance at 8/30 on the bank statement?What ‘s the correct cash balance on August 31, 20XX?

Bank reconciliation statement represents the reconcile the bank statement and books of accounts of…

Answered: The Tanner company’s August 31, 20XX,…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...

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Similar questions

What is the journal entry to record an NSF check, from J. Smith for 250, that is returned with the bank statement? a. Cash 250 DR; NSF Check 250 CR b. Accounts Receivable 250 DR; Cash 250 CR c. NSF Check 250 DR; Accounts Receivable 250 CR d. Cash 250 DR; Accounts Receivable 250 CR e. Cash 250 DR; Miscellaneous Expense 250 DR
Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book balance: $13,744. Deposits in transit: $2,509. Outstanding checks: $1,777. Bank charges: $125. Bank incorrectly charged the account for $412. The bank will correct the error next month. Check number 1879 correctly cleared the bank in the amount of $562 but posted in the accounting records as $652. This check was expensed to Utilities Expense.

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The Tanner company’s August 31, 20XX, pre-reconciliation cash balance on its books was $35,000. Outstanding checks = $11,000 Deposits in transit total $7,000. Bank service charge is $50