WebbRachel’s reconciliation is shown here. Cash balance per bank $3,767.20 Add: NSF check 590.00 Less: Bank service charge 45.00 Adjusted balance per bank $4,312.20 Cash … WebbBalance per bank statement $32, Deposit in transit, 8/31/12 3, Return of customer’s check for insufficient funds, 8/30/12 600 Outstanding checks, 8/31/12 2, Bank service charges …

QUIZ 3 CASH - BANK Recon - past exam - Name ... - Studocu

WebbCash balance per bank $4,102.20 Add: NSF check 485.00 Less: Bank service charge 50.00 Adjusted balance per bank $4,537.20 Cash balance per books $4,400.20 Less: Deposits in transit 568.00 Add: Outstanding checks 805.00 Adjusted balance per books $4,637.20 (a) What is the proper adjusted cash balance per bank? WebbWhat is the cash balance per bank on June 30, 2014? a. P 300,000 b. P 328,000 c. P 344,000 d. P 344, If the balance shown on an entity’s bank statement is less than the correct cash balance and neither the entity nor the bank has made any errors, there must be a. Deposits credited by the bank but not yet recorded by the entity b. sharon lynd

Bank Reconciliation Simple-Accounting.org

WebbDon Wyatt is unable to reconcile the bank balance at January 31. Don's reconciliation is as follows Instructions Prepare the bank reconciliation Pprepare the necessary adjusting entries required by the reconciliation. Solution a. Don Wyatt bank reconciliation Statement January 31 b. Don Wyatt Adjusting Entries Webb31 dec. 2013 · Reconciliation of Jam Company’s bank account at May 31 is: Balance per bank statement. 2,100, Deposits outstanding 300, Checks outstanding (30,000) Correct cash balance 2,370, Balance per book 2,372, Bank service charge (2,000) Correct cash balance 2,370, June data are as follows: Webb27 maj 2024 · Bank Reconciliation Procedure: Using the cash balance shown on the bank statement, add back any deposits in transit. Deduct any outstanding checks. This will provide the adjusted bank cash balance. sharon lynn facebook