Wadi Bani Khalid Company had the following information for October 2020: Cash balance per bank statement, 31/10 RO 26,000 Note receivable collected by bank 8,000 Outstanding checks 12,000 Deposits in transit 6,000 Bank service charge 100 NSF check 1,600 The cash balance per the books on 31/10 before the adjustments is: Select one: a. c. RO 5,700. b. b. RO 24,000. c. d. RO 20,000. d. a. RO 13,700. e. None of the answers are correct

Wadi Bani Khalid Company had the following information for October 2020: Cash balance per bank statement, 31/10 RO 26,000 Note receivable collected by bank 8,000 Outstanding checks 12,000 Deposits in transit 6,000 Bank service charge 100 NSF check 1,600 The cash balance per the books on 31/10 before the adjustments is: Select one: a. c. RO 5,700. b. b. RO 24,000. c. d. RO 20,000. d. a. RO 13,700. e. None of the answers are correct

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 2SEQ

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Humaid Company had the following information related to January 2020: Cash balance per books, 31/1 RO 9,500 Deposits in transit 120 interest collected by bank 800 Bank service charges 60 Outstanding checks 2,900 NSF check 230 The adjusted cash balance per books on January 31 should be: Select one: a. c. RO 7,310. b. d. RO 6,990. c. b. RO 9,020. d. a. RO 10,920. e. None of the answers are correct
The following information was included in the bank reconciliation for EEE Company for October and November 2020: Checks and charges recorded by bank in November, including a November service charge of P10,000 and NSF check of P50,000 1,375,000 Service charge made by in October and recorded by depositor in November 5,000 Total credits to cash in all journals during November 1,550,000 Customer's NSF check returned in October and redeposited in November (no entry made by depositor in either October or November) 100,000 Outstanding checks on October 31,2020 that cleared in November 575,000 5. What is the total amount of outstanding checks on November 30,2020?
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