In reconciling a bank statement, the bank balance is $1800And the checkbook balance is $1205. Which of the following is the most probable reason why the bank balance is larger than the book balance? A deposit in transit was made at the end of the month be the bank has deducted certain amount of four banks service charges see their outstanding checks D the company erroneouslyrecorded a check for an amount less than actual

Q: Using the following information, prepare the journal entries to reconcile the bank statement. • Bank…

A: Deposit in Transit ,Outstanding checks and error from bank side, the entries for these transaction…

Q: Johnson Corporation’s bank statement for October reports an ending balance of $22,381,whereas…

A: A bank reconciliation statement reconciles an entity's bank account with its financial records by…

Q: The cash account for Norwegian Medical Co. at April 30 indicated a balance of $12,500. The bank…

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Q: The following information is available for the Muharraq Company for the month of December. 1. On…

A: Bank Reconciliation Statement is a statement which is prepared to reconcile cash balance as per cash…

Q: The following data were accumulated for use in reconciling the bank account of Mathers Co. for…

A: a.

Q: Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co. Bank…

A: Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own…

Q: Using the following information, prepare the journal entries to reconcile the bank statement. • Bank…

A: The journal entries are required in the books when there is mismatch between bank balance as per…

Q: Based on the following information, the cause of the discrepancies between the book credits and bank…

A: Outstanding checks are the checks which have been issued but are not deposited yet.

Q: On March 1, your checkbook balance is $565.02, and the bank statement balance is $464.07. An…

A: Bank Reconcilation: It is the  method involved with matching the balance  in  bank balance as per…

Q: The following data have been gathered for Syncronics, Inc.: Thė July 31 bank balance was $4,000, b.…

A: Preparation of the July 31 bank reconciliation for Syncronics, Inc is as follows:

Q: The following data were accumulated for use in reconciling the bank account of Mathers Co. for July:…

A: Bank reconciliation: Bank reconciliation is a statement which is prepared to reconcile the cash…

Q: Jane Company provided following information at month-end: Cash in bank per bank statement 8,000,000…

A: Sometimes the balance as per the bank statement and balance shown in the cash books is not matched…

Q: loat is defined as the difference between the balance shown on the books and the balance in the bank…

A: PLEASE LIKE THE ANSWER   1. According to the above, this is a Collection Float as it is related to…

Q: LILA company has the below information in its Bank Statement and the company book at the end of the…

A: Bank reconciliation statement: This statement is prepared to reconcile the entity cash balance with…

Q: The following data were accumulated for use in reconciling the bank account of Creative Design Co.…

A: Bank reconciliation is a statement which is used to reconcile cash balance as per cash book and cash…

Q: If the month-end bank statement shows a balance of R.O.360,000, outstanding checks are R.O.120,00o,…

A: Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own…

Q: Blossom Food Store used the following information in recording its bank reconciliation for the month…

A: Bank Reconciliation Statement is prepared by the bank account holder to reconcile the balance as per…

Q: Jane Company provided the following information at month-end: Cash in bank per bank statement…

A: Bank reconciliation: It is a statement showing the adjustment of the differences arising in the cash…

Q: The following data were accumulated for use in reconciling the bank account of Creative Design Co.…

A:

Q: The following information is available for Hapley Company. The November 30 bank statement shows a…

A: Introduction: Bank Reconciliation statement: To Reconcile the differences between pass book and cash…

Q: S Co. had the following information at Mar 31.: Balance per bank statement, Mar 31, P37,200; Balance…

A: Ideally cash balance as per cashbook and bank balance as per bank statement must reconcile with each…

Q: Balazo Company provided the following data for the month of January: Balance per book, January 31…

A: Bank reconciliation statement: A bank reconciliation statement (BRS) is a statement which is used to…

Q: following data were accumulated for use in reconciling the bank account of Creative Design Co. for…

A: The bank reconciliation statement is prepared to equate the balance of the cash book and passbook…

Q: You are the accountant for Georgia Company and you have recently received the bank statement for…

A: Bank reconciliation statement is prepared by almost every organization at a particular time. It is a…

Q: Journalize the entries that should be made by the company that (a) increase cash and (b) decrease…

A: Bank Reconciliation statement:   Bank reconciliation statement is a report that summarized the…

Q: Use the following to answer questions 9 -11 On August 31st, the general ledger of MT shows a balance…

A: Introduction:- MT's general ledger indicates a cash balance of $18,000. Cash receipts total $3,500,…

Q: Jane Company provided following information at month-end: Jane Company provided following…

A: Unadjusted  cash in bank as per ledger should  be obtained by considering  bank balance  adjusted…

Q: The following data were accumulated for use in reconciling the bank account of Mathers Co. for July:…

A: Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own…

Q: The following data were accumulated for use in reconciling the bank account of Mathers Co. for July:…

A: Introduction: Bank reconciliation statement: To reconcile the difference between cash and pass book…

Q: The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30.…

A: Bank reconciliation: Bank reconciliation is a statement which is prepared to reconcile the cash…

Q: The following data were accumulated for use in reconciling the bank account for Mathers Co. For…

A: A bank reconciliation statement is prepared by almost every organization at a particular time. It is…

Q: lossom Food Store used the following information in recording its bank reconciliation for the month…

A: Solution: Bank reconciliation statement of Blossom food store is as under:

Q: Using the following information, calculate the adjusted bank balance. • Bank balance: $12,565. •…

A: The adjusted bank balance is calculated as bank balance before adjustment plus adjustments that…

Q: The following data were accumulated for use in reconciling the bank account of Creative Design Co.…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: The following items could appear on a bank reconciliation: Outstanding checks, $670. Deposits in…

A: Any reason that causes a difference between the cash balance per book and cash balance per bank…

Q: Based on the following information, the cause of the discrepancies between the book credits and bank…

A: Outstanding check at the beginning + Book credit for the month - Book debit for the month =…

Q: If the month-end bank statement shows a balance of $58,000, outstanding checks are $15,000, a…

A: Bank Account Balance: It is the bank account balance remaining after adjustment of all the deposits…

Q: Little Corporation's bank statement for the month of April included the following information: Bank…

A: Answer: We have been given the bank balance and we have to get cash balance. Bank service charge for…

Q: Additional data for the bank reconciliation include the following: The EFT deposit was a receipt of…

A: Additional information are as : 1. EFT deposit and EFT debit are not recorded in bank book of…

Q: Below information are: At December 31, cash per company records was $17445; the cash per bank…

A: Solution A-                                                                Bank reconciliation…

Q: Letty Company provided the bank statement for the month of April which included the following…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30.…

A: A bank reconciliation statement is a summary statement showing reasons of difference in balance as…

Q: Using the following information, prepare a bank reconciliation for Young Co. for August 31, 2009:…

A: Given Information: Bank statement balance is $4,010 Cash account balance is $4,207

Q: he following data were accumulated for use in reconciling the bank account of Mathers Co. for July:…

A:

Q: As of June 30, the bank statement of Lilac had an ending balance of P373,612. The following data…

A: Bank reconciliation: It is a statement which is prepared to reconcile the balance as per cash book…

Q: Jakarta Company provided the following information at month-end: Cash in the bank per bank statement…

A: Bank reconciliation: It is a statement which is prepared to reconcile the balance as per cash book…

Q: Del Gato Clinic's cash account shows a $13,209 debit balance and its bank statement shows $12,483 on…

A: General Journal:

Q: Balazo Company provided the following data for the month of January: Balance per book, January 31…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: The following data were accumulated for use in reconciling the bank account of Creative Design Co.…

A: Bank Reconciliation The purpose of preparing the bank reconciliation statement to detecting the…

Q: The following data were accumulated for use in reconciling the bank account of Mathers Co. for July:…

A: Definition:   Bank reconciliation: Bank statement is prepared by bank. The company maintains its own…

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.