Question: 01) A check written for $68.30 in payment of an account was recorded on the books as $86.30. On a bank reconciliation, this will appear as a(n): a) addition to the bank balance for $18 b) deduction from the bank balance for $18 c) addition to the book balance Read more…
Question: The following data have been gathered for Batter Company to assist you in preparing the September 30, 20X6, bank reconciliation: a)The September 30 bank balance was $5,000. b)The bank statement included $30 of service charges. c)There was an EFT deposit of $1,800 on the bank statement for the Read more…
Question: Prepare any necessary journal entries based on the following data regarding the bank reconciliation prepared by Ragpicker Company on February 28, 20X6. a)The service charges for February amount to $55. b)Outstanding checks amount to $650. c)The bank erroneously credited Ragpicker Company’s account for $300 for a deposit made Read more…
Question: Using the following data,Using the following data, compute the balance shown on the bank statement for Durham Company before the preparation of a bank reconciliation on March 31, 20X5: • The book balance before preparation of a bank reconciliation is $3,650.59. • The bank statement indicates service charges of $40.50. • Outstanding Read more…
Question: Using the following data, compute the book balance for Marrow Company before the preparation of a bank reconciliation on January 31, 20X5: • The bank statement reveals a balance of $3,650.59. • The bank statement indicates service charges of $40.50. • Outstanding checks on January 31, 20X5, amount to $10,600.49. • Deposits Read more…
Question: The following information are available for Blue Moon Company regarding its June 30, 20X5, bank statement: • Balance per bank statement is $10,500.34. • Balance per books is $9,452.78. • Check #506 for $1,948.52 and check #510 for $1,800.25 were not returned with the June 30 bank statement. • A deposit in transit Read more…