Adjusted Bank Balance. Mary's last bank statement showed an ending balance of $156.45. This month, she deposited $548.61 in her account and withdrew a total of $230.67. Furthermore, Mary wrote a total of five checks, two of which have cleared. The two checks that have cleared total $133.55 The three remaining checks total $100.44. Mary pays no fees at her bank. What is the balance shown this month on Mary's bank statement? What is the adjusted bank balance? CETTS The balance show this month on Mary's bank statement is $ (Round to the nearest cent)
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- Adjusted Bank Balance. Mary's last bank statement showed an ending balance of $236.24. This month, she deposited $893.13 in her account and withdrew a total of $345.63. Furthermore, Mary wrote a total of five checks, two of which have cleared. The two checks that have cleared total $201.12. The three remaining checks total $160.21. Mary pays no fees at her bank. What is the balance shown this month on Mary's bank statement? What is the adjusted bank balance? The balance shown this month on Mary's bank statement is $________ The adjusted bank balance is $______Bev is completing the monthly bank reconciliation for her checking account for the month of October. The following facts apply: The balance per the bank on Oct 31st = $3,000 The balance per her checkbook on Oct 31st = $6,000 Deposits in Transit = $2,000 Outstanding Checks = $500 EFT’s ‘into’ her account = $4,000 EFT’s ‘out of’ her account = $5,500 No interest was earned on the account, and there were no bank fees during the month.Carol Stokke receives her April 6 bank statement showing a balance of $1,154.75; her checkbook balance is $972.75. The bank statement shows an ATM charge of $29.00, NSF fee of $36.40, earned interest of $2.95, and Carol's $823.05 refund check, which was processed by the IRS and deposited to her account. Carol has two checks that have not cleared-Number 115 for $610.25 and Number 116 for $315.20. There is also a deposit in transit for $1,504.05. Prepare Carol's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. Carol's checkbook balance Add: Subtotal Deduct: Subtotal Reconciled balance BANK RECONCILIATION Bank balance Add: Deposit in transit Interest Subtotal Deduct ATM card fee NSF fee Reconciled balance
- Carol Stokke receives her April 6 bank statement showing a balance of $859.75; her checkbook balance is $954.25. The bank statement shows an ATM charge of $25.00, NSF fee of $27.00, earned interest of $2.75, and Carol's $630.15 refund check, which was processed by the IRS and deposited to her account. Carol has two checks that have not cleared-No. 115 for $521.15 and No. 116 for $205.50. There is also a deposit in transit for $1,402.05. Prepare Carol's bank reconciliation. (Input all amounts as positive values. Round your answers to 2 decimal places.) BANK RECONCILIATION Carol's checkbook balance Bank balance Add: Add: Subtotal Subtotal Deduct: Dedut: Subtotal Reconciled balance Reconciled balanceOn September 1, Sharon Santos was given his monthly bank statement with a bank balance of P 17,063.50. On that date , her checkbook balance was P 24,194.50. Upon examining the bank statement and her checkbook she discovered the following: a) outstanding check as P 4,035; b) deposit of P 7,500 was not recorded on the stub. c) deposit of P 6,185 was entered as P 6,851 on the stub d) check deposit for P 25,930 was entered as P 24,930 e) deposit of P 10,240 was recorded twice on the stub f) deposit of P 12,560 was late to be included in the bank statement. g) service charge of P 200 was deducted by the bank h) check issued for P 15,645 as written on the stub as P 18,645. Prepare a bank reconciliation statement for Sharon Santos.John’s bank statement shows a closing balance for a given month as $2,200, and his personal account register shows a closing balance for the same month as $2,050. John investigated his accounts to identify the following discrepancies: · The bank charged $200 in bank charges. · Checks for $200 were not yet paid. · Deposits not yet credited were $300. · The bank credited $450 to John’s account. What will be the reconciled amount of John’s bank account?
- When Chris balanced her business check book, she had an adjusted bank balance of $8,911. She had three outstanding deposits worth $349 each and seven checks outstanding with a total value of $948. What is the amount of the collection float on this account?Debbie's Dog Care cash account shows a $10,000 debit balance and its bank statement shows $12,500 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $3,500. The June 30 bank statement lists a $50 bank service charge. The bank received a $550 direct deposit into Debbie's Dog Care account. The $550 was payment from one of Debbie's customers, paying his account balance. The June 30 cash receipts of $1,500 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement. Required: Prepare Debbie's Dog Care bank reconciliatin for June 30 using the above information. Prepare the necessary journal entries for Debbie's Dog Care.On 30 June 20X0, Cook's cash book showed that he had an overdraft of $300 on his current account at the bank. A bank statement as at the end of June 20X0 showed that Cook was in credit with the bank by $65. On checking the cash book with the bank statement you find the following. (a) Cheques drawn, amounting to $500, had been entered in the cash book but had not been presented. (b) Cheques received, amounting to $400, had been entered in the cash book, but had not been credited by the bank. (c) On instructions from Cook the bank had transferred interest received on his deposit account amounting to $60 to his current account, recording the transfer on 5 July 20X0. However, this amount had been credited in the cash book as on 30 June 20X0. (d) Bank charges of $35 shown in the bank statement had not been entered in the cash book. (e) The payments side of the cash book had been undercast by $10. (f) Dividends received amounting to $200 had been paid direct to the bank and not entered in…
- 6. On June1, Flor Rosales received her bank statement for May from the bank together with the cancelled checks. Her bank balance on that date was ₱26,270.10 while her checkbook balance was ₱23,839.60. In comparing the cancelled checks with her checkstub, she found the following checks outstanding: #255 for ₱1,350 and #261 for ₱1,500. She also found the following: a deposit made on May 31 in the amount of ₱720 was not recorded in the bank statement; a deposit of ₱2,235 was recorded on the stub as ₱1,235; a check of ₱1,050 was written as ₱1,450 on the stub. There are also other discrepancies on the stub; a check of ₱1,350 was omitted and a deposit of ₱306 was not recorded; and there is also a service fee of ₱55.50. Prepare a reconciliation statement.On 30 June 20X0, Cook's cash book showed that he had an overdraft of $300 on his current account at the bank. A bank statement as at the end of June 20X0 showed that Cook was in credit with the bank by $65. On checking the cash book with the bank statement you find the following. (a) Cheques drawn, amounting to $500, had been entered in the cash book but had not been presented. (b) Cheques received, amounting to $400, had been entered in the cash book, but had not been credited by the bank. (c) On instructions from Cook the bank had transferred interest received on his deposit account amounting to $60 to his current account, recording the transfer on 5 July 20X0. However, this amount had been credited in the cash book as on 30 June 20X0. (d) Bank charges of $35 shown in the bank statement had not been entered in the cash book. (e) The payments side of the cash book had been undercast by $10. (f) Dividends received amounting to $200 had been paid direct to the bank and not entered in…On 30 June 20x0, Cook's cash book showed that he had an overdraft of $300 on his current account at the bank. A bank statement as at the end of June 20X0 showed that Cook was in credit with the bank by $65. On checking the cash book with the bank statement you find the following. (a) Cheques drawn, amounting to $500, had been entered in the cash book but had not been presented. (b) Cheques received, amounting to $400, had been entered in the cash book, but had not been credited by the bank. (c) On instructions from Cook the bank had transferred interest received on his deposit account amounting to $60 to his current account, recording the transfer on 5 July 20X0. However, this amount had been credited in the cash book as on 30 June 20x0. (d) Bank charges of $35 shown in the bank statement had not been entered in the cash book. (e) The payments side of the cash book had been undercast by $10. (f) Dividends received amounting to $200 had been paid direct to the bank and not entered in…