ACFI1002 PASS 12 [Intensive PASS]

Learning Task 5 Directions: Using the information below, prepare a Bank Reconciliation Statement.Bank reconciliation problem:• The bank statement for Juan Company shows a balance per bank of P15,907.45 on April 30,2015.• On this date the balance of cash per books is P11,589.45.• Additional information are provided below: Deposits in transit: April 30 deposit (received by the bank on May 1) P2,201.40 Outstanding checks: No. 453-P3,000.00 No. 457-P1,401.30 No. 460-P1,502.70• Errors: Juan wrote check no. 443 for P1,226.00 and the bank correctly paid that amount. However, he recorded the check as P1,262.00.• Bank memoranda:  Debit– NSF check from Pedro P425.60  Debit– Charge for printing company checks P30.00  Credit – Collection of note receivable for P1,000 plus interest earned of P50, less bank collection fee of P15.00.Hint: Bank Debit Memo are deductions made by the bank to the account of the depositor.  Bank Credit Memo are additions made by the bank to the account of the deposito

4. Describe the nature of a bank reconciliation statement. 5. Identify common reconciling items and describe each of them. 6. Analyze the effects of the identified reconciling items. Reference: Quarter 1 Module 9 - Fundamentals of Accountancy, Business and Management 2 LEARNING ACTIVITY 9:1 Presented hereunder are the details of your Cash Receipts Journal, Cash Disbursements Journal and the Bank Statement of Banco de Oro. Cash Receipts Journal O.R. Number 0001 0002 Amount Date Payor P 30,000 June 3 Odessa Allera 20,000 5,000 10,000 20 Arnold Navales 0003 Juanita Nambatac 29 30 0004 Kyle Jamora Cash Disbursements Journal Check Number 6581 .6582 6583 6584 Amount Date Рayee Star 5 Grocery DX Convenience Store MY Store Eddie Gomez P 5,000 7,000 10,000 June 5 15 21 8,000 9,000 25 28 Rodolfo de la Torre 6585 Banco de Oro Bank Statement For the month of June, 20A Date Withdrawal Deposit P 30,000 Balance June 4 P 30,000 25,000 45,000 15 6581 P 5,000 21 20,000 25 6584 8,000 37,000 28 6585 9,000…

prado chnical University, / Unit 3: Financial Mathematics / Learn: Cash and Bank Reconciliation nand Bank Reconciliation Questions + Question 5 Which of the following is an example of a book item, an item that is found on the bank statement that you have not recorded in the books yet? Bank service charge Cash deposits made at the bank last month Interest earned last year Taxable income I don't know One attempt You answered 3 out of 4 correctly. Asking up to 8. Submit answer Exit

Exam 3 (Chapters 5-6) 28 Book The following information is available for Birch Company at December 31 Cash in registers Investment naturing in 9 years Accounts receivable Cash in bank account Accounts payable Cash in petty cash fundi Inventory of postage stamps U.S. Treasury bill maturing in 15 days Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of Multiple Choice O $40.606 $43.091 $38,061 $39,066 $54,261 $ 2,910 $ 16,200 $ 1,775 $ 23,631 $ 770 $ 320 $ 30 $ 11,200

e - Prod x Module 8 Assessments - ACG20 * CengageNOWv2 | Online teachir ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statement at July 31, $31,350. 3. Checks outstanding, $2,870. 4. Deposit in transit, not recorded by bank, $4,150. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $20. Journalize the entries that should be made by the company, part (A) Error and part (B) Service Charge a. July 31 Cash Accounts Payable v b. July 31 Miscellaneous Expense v Cash v Feedback Check My Work Keep in mind that the company needs to journalize any adjusting items in the company section…

Required information Knowledge Check 01 The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus. View transaction list Journal entry worksheet < 1 The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus. Note: Enter debits before credits. Date June 01 FRAN FA O General Journal < Prev 144 19 ► 11 Debit of 19 H Credit Next + prt sc ← delete backspac

My numbers entered could be incorrect. Can you fill out this chart correctly for me according to the questions in the picture provided? Baker College             ACC 1010 Principles of Accounting I                             Kate's Cards Serial Problem -- Chapter 7                     a                 Kate's Card's   Corrected Bank Reconciliation   January 31, 2019                   Ending balance per bank    $                    4,844   Ending balance per books    $                 10,894   Add:       Add:        Deposits not credited by banks                          7,238   No. 2353                          1,080        $                 12,082        $                 11,974   Less: Outstanding checks        Less:        No. 1432                            600     Unrecovered Credit                          1,200   No. 1458                            467             No. 1512                            253…

edugen.wileyplus.com 山 + D Return to Blackboard Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements Problem 8-03A a-b (Part Level Submission) (Video) CALCULATOR PRINTER VERSION Waterway Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. 1 BACK NEXT Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $210. 15 Replenished the petty cash fund by writing a check for $206.50. On this date, the fund consisted of $3.50 in cash and these petty cash receipts: freight-out $94.00, entertainment expense $47.00, postage expense $43.90, and miscellaneous expense $20.40. 16 Increased the amount of the petty cash fund to $305 by writing a check for $95.00. 31 Replenished the petty cash fund by writing a check for $289.00. On this date, the fund consisted of $16.00 in cash and these petty cash receipts: postage expense…

Background Layout- Theme Transition I12CE IE 3 Responsible Bank 210 2nd Street Bank Statement 2$ Checking Account Statement Page: 1 of 1 Anytown, MH 06930 1. If we put withdrawals and deposits in the same column. how can they be repreSented? Andre Person 1729 Euclid Ave Anytown, MH 06930 Statemet Ferind 2017-10-01 to 2017-1101 rount N 1120635978 Date Description Withdrawais Deposits Balance 2017-10-03 Previous Balance 201715e5 Check Number 256 2017-10-06 ATM Deposit - Cash 2017-10-10 Wire Transfer 2017-10-17 Point of Sale- Grocery Store 2017-10-25 Funds Transfer from Savings 2017-10-28 Check Number 257 2012.10-29 Online Payment Phone Services 39.87 28.50 1137 Your answer here 45.00 58.37 18.46 203 52.03 10.03 62.47 37.91 16.43 50.00 42.00 72.50 2. Andre withdraws $40 to buy a music player. What is his new balance? Your answer here er notes

SP 6 Serial Problem Business Solutions (Algo) LO P3 Santana Rey receives the March bank statement for Business Solutions on April 11, 2022. The March 31 bank statement shows an ending cash balance of $67,666. The general ledger Cash account, Number 101, shows an ending cash balance per books of $68,266 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, Number 101, reveals the following. a. The bank erroneously cleared a $600 check against the company account in March that S. Rey did not issue. The check was actually issued by Business Systems. b. On March 25, the bank statement lists a $57 charge for a safety deposit box. Santana has not yet recorded this expense. c. On March 26, the bank statement lists a $110 charge for printed checks that Business Solutions ordered from the bank. Santana has not yet recorded this expense. d. On March 31, the bank statement lists $36 interest earned on Business Solutions's checking…

31 REQUIRED: 1. At what amount should cash as a current asset appear in the balance sheet? 2. How will the other accounts be reported? Exercise 1-4 An analysis of the Cash account of the HYACINTH COMPANY revealed the following details as of Dec. 31, 2019: 1. Petty cash fund (cleared of non-fund items) 2. Change fund 3. Undeposited collections 4. Cash in bank- BDO 5. Cash in bank-BDO 6. Cash in bank-sinking fund 7. Cash deposited with a closed bank 8. Demand deposits with Bank of America 9. Time deposit (60 days) with China Bank 10. Cash in bank- for building construction P4,700 2,000 8,000 20,000 (4,000) 40,000 12,000 80,000 120,000 240,000 REQUIRED: 1. At what amount should cash as a current asset appear in the balance sheet? 2. How will the other accounts be reported? Exercise 1-5 The cash account of the EVERGREEN COMPANY showed a credit balance of P20,000 after checks totaling P45,000 have been prepared in payment of outstanding liabilities with suppliers and credited to cash in…

Exercise 1-4 An analysis of the Cash account of the HYACINTH COMPANY revealed the following details as of Dec. 31, 2019: 1. Petty cash fund (cleared of non-fund items) 2. Change fund 3. Undeposited collections 4. Cash in bank- BDO 5. Cash in bank PNB 6. Cash in bank-sinking fund 7. Cash deposited with a closed bank 8. Demand deposits with Bank of America 9. Time deposit (60 days) with China Bank 10. Cash in bank- for building construction REQUIRED: 1. At what amount should cash as a current asset appear in the balance sheet? 2. How will the other accounts be reported? Exercise 1-5 P4,700 2,000 8,000 20,000 (4,000) 40,000 12,000 80,000 120,000 240,000 The cash account of the EVERGREEN COMPANY showed a credit balance of P30,000 after checks totaling P45,000 have been prepared in payment of outstanding liabilities with suppliers and credited to cash in bank as of Dec. 31, 2019. The checks, however, were mailed only on Jan. 5, 2020. REQUIRED: 1. At what amount should cash as a current…

Problem 2: The cash receipts and the cash payments of Issho Company for April 2020 follow: Cash receipts (CR) Cash payment (CP) Date Cash debit Check no. Cash credit April 2 208,700 4113 44,550 20,350 4114 7,350 10 27,950 4115 96,500 16 109,350 4116 33,200 22 92,700 4117 73,600 29 53,000 4118 50,000 4119 31,600 83,750 30 16,850 Total 528,900 4120 4121 5,000 4122 120,650 Total 546,200 The cash accounts of Issho Company reveal the following information at April 30,2020: CASH Date Item Ref. Debit Credit Balance April 1 Balance 95,550 CR 6 624,450 78,250 30 528,900 30 СР 11 546,200 Issho Company received the following bank statement on April 30, 2020: Bank Statement for April 2020 Beginning balance Deposits and other credits: April 95,550.00 1 16,300.00 EFT 4 208,700.00 9. 20,350.00 12 27,950.00 109,350.00 68,400.00 17 22 ВС 23 92,700.00 543,750.00 Checks and other debits: April 7 44,550.00 13 69,500.00 45,150.00 7,350.00 14 US 15 18 33,200.00 21 10,950.00 EFT 26 73,600.00 30 50,000.00 SC…

BANK RECONCILIATION AND JOURNAL ENTRIES - In the Bank Reconciliation Template, prepare a bank reconciliation and complete the adjusting entries required. Then upload the completed template to the Lab 17 Upload Link. Use the following data that were accumulated for use in reconciling the bank account of Star Battles Restaurant for-October 2020: a. The bank service charge is $70. b. The book balance is $6,100 at October 31, 2020. c. Outstanding checks total $1,300. d. An automatic EFT withdrawal was taken from the account to pay utilities in the amount of $2,700. A check from LukeCo for $3,500 was returned for nonsufficient funds. f The bank received an EFT from Leah Corp and deposited S14,300 in the account. The EFT was from Leah Corp to pay rent. | The bank balance at October 31, 2020 was $9,730. e. h The bank collected a note in the amount of $1,500 deposited the cash in Vader's account at the bank but Vader has not yet entered the amount in the books. The total of $1,500 consists of…

ezto.mheducation.com kes Learning | Home mination II Saved Help Save & Exit Submit Before reconciling its bank statement, Rollin Corporation's general ledger had a month-end balance in the cash account of $8,250. The bank reconciliation for the month contained the following items: 15 Deposits in transit Outstanding checks $870 645 56 Interest earned 20 ints NSF check returned to bank Bank service charge 220 70 A 01:39:45 Given the above information, what up-to-date ending cash balance should Rollin report at month-end? Multiple Choice $7,980. $8,530. Mc Graw MacBook DII DD 80 F10 FB F9 F7 F5 F2 F3 23 2$ % & @ 3 4 6. 7 8 W R T. Y G H. J K S D * 00

2. The bank column in the cash book for June 2020 and the bank statement for that month for Haris are as fllows: Cash Book (Bank Account only) 2020 1,410 June 5 Laila 12 Razi 2020 RM RM June 1 Balance b/d 7 Juju 180 62 519 16 Mei 75 16 Silvia 41 28 Fafau 224 29 Dovan 22 30 Gopal 582 1,591 2,353 31 Balance c/d 2,353 Bank Statement Debit Date Items June 1 Balance b/d 7 Cheque 8 Lily 16 Cheque Credit Balance 1,410 62 1,472 1,292 180 75 1,367 848 17 Razi 519 18 Silvia 41 807 28 Cheque 29 SLM Standing Order 224 1,031 979 52 30 Lisa : Trader's Credit 64 30 Bank charges 1,043 1,000 43 Required: a) Prepare the updated cashbook. b) Prepare the bank reconciliation statement as at 30 June 2020.

Probiem 9.4A (Static) Preparing a pank reconciliation statement ana journaiizing entries to aajust the cash balance. LO 9-5, 9-6 On August 31, 20X1, the balance in the checkbook and the Cash account of the Sonoma Creek Bed and Breakfast was $13,031. The balance shown on the bank statement on the same date was $13,997. Notes a. The firm's records indicate that a $1,600 deposit dated August 30 and a $601 deposit dated August 31 do not appear on the bank statement. b. A service charge of $28 and a debit memorandum of $230 covering an NSF check have not yet been entered in the firm's records. (The check was issued by Andy Stein, a credit customer.) c. The following checks were issued but have not yet been paid by the bank: $120 $130 $250 $577 $ 78 $120 Check 712, Check 713, Check 716, Check 736, Check 739, Check 741, d. A credit memorandum shows that the bank collected a $2,095 note receivable and interest of $55 for the firm. These amounts have not yet been entered in the firm's records.…

Learning Objective 4.5 LO 4.5) Prob.1. Use the following information to answer the question below. At December 31, 2021, Beerbo has the following information: Item Amount ($) Cash is checking account 15,000 Petty cash 580 Postage Stamps 654 Check from customer dated Jan 20, next year 321 3-month certificate of deposit 40,000 12- month certificate of deposit 36,000 Check from customer dated Dec 15, this year 175 Undeposited Cashier's Checks from customer 729 IOU from customer 500 6-month U.S. Treasury bill purchased 4 months ago. 2,500 2-month high-grade Canada government security purchased 1 month ago. 1,000 Cash in savings account 100 Accounts Receivable 3,700 1-month U.S. Treasury bill purchased 2 weeks ago. 2,000 Time Deposits 1,600 LO 4.5) Prob.1.a. Determine the amount that Beerbo will report as Cash and Cash Equivalents on its December 31, 2021 Balance Sheet.

Question Content Area Using the following information: The bank statement balance is $5,065. The cash account balance is $5,459. Outstanding checks amounted to $866. Deposits in transit are $1,191. The bank service charge is $60. A check for $34 for supplies was recorded as $25 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation May 31 Cash balance according to bank statement $fill in the blank 1 Adjustments: $- Select - - Select - Total adjustments fill in the blank 6 Adjusted balance $fill in the blank 7 Cash balance according to company's records $fill in the blank 8 Adjustments: $- Select - - Select - Total adjustments fill in the blank 13 Adjusted balance $fill in the blank 14