Brandon Company Bank Reconciliation May 31, 2020 Balance per books May 31 Add: Electronic Fund Transfer Deposit in transit Deduct: Bank charges NSF cheque, Rhonda Teal Outstanding cheques. Error in cheque #78: correctly issued and processed by the bank $ 1,060 2,455 10 500 1,800 $ 9,500 3,515 $13,015

Brandon Company Bank Reconciliation May 31, 2020 Balance per books May 31 Add: Electronic Fund Transfer Deposit in transit Deduct: Bank charges NSF cheque, Rhonda Teal Outstanding cheques. Error in cheque #78: correctly issued and processed by the bank $ 1,060 2,455 10 500 1,800 $ 9,500 3,515 $13,015

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 5EA: The bank reconciliation shows the following adjustments: Deposits in transit: $1,234 Outstanding...

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Bank Reconciliation The following data were gathered to use in reconciling the bank account of Conway Company: Balance per bank $23,900 Balance per company records 8,700 Bank service charges 50 Deposit in transit 5,500 Note collected by bank with $450 interest 9,450 Outstanding checks 11,300 a. What is the adjusted balance on the bank reconciliation?$fill in the blank 273a14054fb9073_1 b. Journalize any necessary entries for Conway Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank. fill in the blank c5608c04b00ffc7_2 fill in the blank c5608c04b00ffc7_4 fill in the blank c5608c04b00ffc7_6 fill in the blank c5608c04b00ffc7_7 fill in the blank c5608c04b00ffc7_9 fill in the blank c5608c04b00ffc7_10 fill in the blank c5608c04b00ffc7_12 fill in the blank c5608c04b00ffc7_13
TEST III: Prepare the cash position report of ABC's Company with complete headings as of June 16, 20 provided the following transactions was incurred on each bank account: PREPARE CASH POSITION IN CONSOLIDATED FORMAT PARTICULARS Bal. As of 6.15.2000 Collections of loans: OR# 0001 OR# 0002 OR# 0003 OR# 0004 Passbook Fees OR# 0005 Receipt of fund from Funding Agency Loan Releases: CV# 0001 CV# 0002 CV# 0003 CV# 0004 Payment Utilities CV# 0005 LAND BANK 5,000.00 250.00 650.00 150.00 150.00 375.00 25,000.00 10,000.00 35,000.00 875.0 SOLID BANK 2,500.00 250.00 50,000,00 UCPB 1,000.00 PNB 5,000.00 I
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Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson Company Balance per bank $ 17,550 Balance per company records 9,630 Bank service charges Deposit in transit Note collected by bank with $200 interest Outstanding checks 20 3,700 5,300 6,340 a. what is the adjusted balance on the bank reconciliation? 14,355 X b. Journalize any necessary entries for Dotson Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank 88
Problem 1 - Prepare a bank reconciliationThe following information relates to M Park Corporation for the month of March 2022:1. Cash balance per books, March 31 was $20,647.002. Deposits in transit, March 31 were $8,140.003. The March bank service charge was $34.00 and has not been recorded by the company.4. Outstanding checks, March 31 were $3,905.005. An electronic funds transfer (EFT) collected by the bank was $590. The collection has not been recorded by M Park Corporation.6. The bank made an error and recorded a $3,000 deposit twice.7. Cash balance per bank, March 31 was $19,968.00PurposeThe purpose of this problem is to demonstrate an understanding of preparing a bank reconciliation.InstructionsAfter analyzing the data, prepare a bank reconciliation for M Park Corporation at March 31st. Reconcile the cash balance per the bank firstand list items that increase the cash balance first. Also, round amounts to two decimal places. Please provide explainations, thanks! (