Caksundr Bank Reconciation An accounting clerk for Chesner Co. prpared the following bank reconcilation Chesner Ca Bank Reconcilliation S,170 Cash balance according to company's records oze'ts spp tupur O Y Eror by Chener Co. in recording Check Note for $12,a00 collected by bark, including interest 13,310 O6'sts IE tny uo uen odeg prpeg ozt's Bank ervice charges 09 oer' Cash balance according to bank sateent 09s'1s a From the datan thes bank reconcution, pripare a new bank reconalation for Chener Co, useng the format showe in the urat Chesner Co. Bank Reconcilation Add daposit in trait on August 31 Deduct outaanding checks Allad balane Aundam tupae Add rror in rconding Chack No. 10 as S710 inted of s0 Add note for S12.00 collected by bank, indading ntart Deduct bank ervice charges

From the give Problem 2, What is the adjusted cash in bank on December 31?

Vinubhai

Bank Raconciliation The folowing data were accumudated for use in raconciling the bark account of Mathers Ca. for Juy: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statament at uly 31, $31,350. 3. Checks outstanding, $2,870. 4. Diposit in transik, not recorded by bank, $4,150. S. A check for $170 in payment of an accout was orroneously recorded in the check regite as $710. 6. Bank debit memo for service charges, $20. a Propare a bank reconcilation, uing the format shown in Exhibit 14. Hathers Co. Bark Raconciliation Cash balance according to bark satement Add deposit in transit, not recorded by bank Deduct outstanding chacks Adustad batance Cash balance acording to company's ncords Add error in recording check as $710 instead of $170 Daduct bank service charge Aduilad balane DEVZE Petack YCheck My Wuk . Sup twO u cre for th cRmpa MTUn ad he uher lor he bark bance n Delamne he wf b. If the balarka stdprepur x ott're Must…

Bank reconcilation

An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co.   Bank Reconciliation   July 31, 20Y4   Cash balance according to company's records     $7,150 Adjustments:          Outstanding checks $3,430        Error by Chesner Co. in recording Check            No. 1056 as $830 instead of $380 450        Note for $11,200 collected by bank, including interest 11,650        Deposit in transit on July 31 (7,280)        Bank service charges (40)           Total adjustments     8,210 Cash balance according to bank statement     $15,360 a.  From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co., use the format shown in the Let’s Review section. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Chesner Co. Bank Reconciliation July 31, 20Y4 Cash balance according to bank statement   $fill in the blank acc4df036010fde_1     fill in the…

Current Attempt in Progress Identify whether each of the following items would be (a) added to the book balance, or (b) deducted from the book balance in a bank reconciliation. 1. 2 3. 4. 5. EFT transfer to a supplier. Bank service charge. Check printing charge. Error recording check # 214 which was written for $260 but recorded for $620. Collection of note and interest by the bank on the company's behalf.

Prepare adjusting journal entries to reconcile the book and bank balances

Bank reconcjliation Instructions Chart of Accounts First Question Journal Instructions The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $17,350 Balance pir company records 10,035 Bank service charges 35 Deposit in transit 3,350 Note collected by bank with $190 interest 4,600 Outstanding checks 6,100 Instructions a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Reddan Company based on the bank reconciliation. Refer to the Chart of Accounts for exact wordina of Check My Work

Bank reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $21,570. 2. Cash balance according to the bank statement at August 31, $22,760. 3. Checks outstanding, $4,380. 4. Deposit in transit not recorded by bank, $3,520. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit memo for service charges, $30. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co. Bank Reconciliation August 31, 20Y6 Line Item Description Cash balance according to bank statement Amount Adjusted balance Cash balance according to company's records $ Adjusted balance b. If the balance sheet were prepared for Creative Design Co. on August 31, what amount should be reported for cash? c. Must a bank reconciliation always balance (reconcile)?