Bank Reconciliation (Partial) The cash account for Pitt Corporation contains the following information for June: Cash balance, 5/31     $14,685 Cash received during June     52,455       $67,140 Cash disbursements during June:         Check 8255 $33,500       Check 8256 11,250       Check 8257 18,750       Check 8258 900   64,400 Cash balance, 6/30     $2,740 The bank statement for April contains the following information: Bank balance, 5/31     $28,510 Add: Deposits during June     52,455       $80,965 Less: Checks paid during June:         Check 8253 $8,400       Check 8254 5,425       Check 8255 33,500       Check 8256 11,250   58575 Bank balance, 6/30     $22,390 Required: Assuming there were no deposits in transit at May 31 and that all outstanding checks at May 31 cleared during June, do the following:   1.  Identify the outstanding checks at June 30. 2.  Prepare the reconciliation of the bank and cash account balances at June 30. Pitt CorporationBank ReconciliationJune 30     $Cash balance from bank statement Less:       Outstanding check 8257     Outstanding check 8258 Outstanding check 8258 Adjusted cash balance   $fill in the blank 6da4e200d07cf87_8   identify the outstanding checks at May 31 4.  Prepare the reconciliation of the bank and cash account balances at May 31. Pitt CorporationBank ReconciliationMay 31     $- Select - Less:       $- Select -     - Select - - Select - Adjusted cash balance   $fill in the blank a45a39006001fec_8     $- Select -

Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $14,300. During May, the total cash deposited was $71,330 and checks written totaled $66,230. The bank statement indicated a balance of $24,180 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: Checks outstanding totaled $10,770. A deposit of $8,770, representing receipts of May 31, had been made too late to appear on the bank statement. The bank had collected for Brentwood Bike Co. $4,640 on a note left for collection. The face of the note was $4,280. A check for $270 returned with the statement had been incorrectly charged by the bank as $720. A check for $630 returned with the statement had been recorded by Brentwood Bike Co. as $360. The check was for the payment of an obligation to Adkins Co. on account. Bank service charges for May amounted to $70. A check for $1,070 from Jennings…

Bank Reconciliation (Partial) The cash account for Feldman Company contains the following information for April: Cash balance, 3/31     $14,685 Cash received during April     55,680       70,365 Cash disbursements during April:       Cheque 7164 $33,500     Cheque 7165 11,250     Cheque 7166 18,750     Cheque 7167 900   64,400 Cash balance, 4/30     $5,965 The bank statement for April contains the following information: Bank balance, 3/31     $25,285 Add: Deposits during April     55,680       80,965 Less: Cheques paid during April:       Cheque 7162 $8,900     Cheque 7163 1,700     Cheque 7164 33,500     Cheque 7165 11,250   55,350 Bank balance, 4/30     $25,615 Required: Assuming there were no deposits in transit at March 31 and that all outstanding cheques at March 31 cleared during April, do the following: 1.  Identify the outstanding cheques at April 30.  2.  Prepare the reconciliation of the bank and cash account balances at April…

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Nakajima Co. for July: Cash balance according to the company's records at July 31, $25,010. Cash balance according to the bank statement at July 31, $26,060. Checks outstanding, $5,080. Deposit in transit, not recorded by bank, $4,080. A check for $340 issued in payment of an account was erroneously recorded in the check register as $430. Bank debit memo for service charges, $40. Journalize the entries that should be made by the company, part (a) Error and part (b) Service Charge. If an amount box does not require an entry, leave it blank. a. July 31   fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6 b. July 31   fill in the blank 8 fill in the blank 9     fill in the blank 11 fill in the blank 12

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: Cash balance according to the company's records at July 31, $22,240. Cash balance according to the bank statement at July 31, $23,450. Checks outstanding, $4,510. Deposit in transit, not recorded by bank, $3,630. A check for $590 in payment of an account was erroneously recorded in the check register as $950. Bank debit memo for service charges, $30. Journalize the entries that should be made by the company, part (A) Error and part (B) Service Charge. a. July 31               b. July 31

Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: Line Item Description Amount Cash balance per bank, October 31 $15,554 Note receivable collected by bank 4,010 Outstanding checks 7,718 Deposits in transit 5,145 Bank service charge 140 NSF check 1,521 Determine the cash balance per the company’s records (before adjustments). a. $17,903 b. $10,632 c. $12,981 d. $15,330

Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $13,080. During May, the total cash deposited was $65,740 and checks written totaled $61,040. The bank statement indicated a balance of $22,290 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $9,930. b. A deposit of $8,090, representing receipts of May 31 had been made too late to appear on the bank statement. c. The bank had collected for Brentwood Bike Co. $4,270 on a note left for collection. The face of the note was $3,940. d. A check for $360 returned with the statement had been incorrectly charged by the bank as $630. e. A check for $410 returned with the statement had been recorded by Brentwood Bike Co. as $140. The check was for the payment of an obligation to Adkins Co. on account. f. Bank service charges for May amounted to $70. g. A check for…

Required information [The following information applies to the questions displayed below.] As of June 30, Year 1, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance was $15,200. The following information is available: 1. Deposit in transit: $2,400. 2. Credit memo in bank statement for interest earned in June: $30. 3. Outstanding check: $6,690. 4. Debit memo for service charge: $20. b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

The bank statement for Jeffrey Co. indicates a balance of $8,785 on October 31. After the journals for October had been posted, the cash account had a balance of $8,998. a. Cash sales of $945 had been erroneously recorded in the cash receipts journal as $495. b. Deposits in transit not recorded by bank, $778. c. Bank debit memo for service charges, $40. d. Bank credit memo for note collected by bank, $23,985 plus $885 interest. e. Bank debit memo for $756 NSF (not sufficient funds) check from Calin Sams, a customer. f. Checks outstanding, $1,860. Record the appropriate journal entries that would be necessary for Jeffrey Co. Record the entry that increases cash first. If an amount box does not require an entry, leave it blank.

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