Curate Company assembled the following information in completing its May bankreconciliation:Balance per bankOutstanding checksDeposits in transitNSF checkBank service chargesCash balance per booksUse the following tabular analysis to determine the required adjustments to Curate'saccounts:CashBal 13,224May 30Adj.BalAssetsAccountsRec$13,2242,4804,0002568015,080LiabilitiesAccountsPayableCommonStockDecrease Accounts Receivable by $256.Decrease Cash by $2,480.Increase Expense by $336.Increase Expenses by $80.Stockholders' Equity+Revenue-Expenses

Bank reconciliation statement is prepared to give effect to the omitted transactions and events in…

Curate Company assembled the following information in completing its May bank reconciliation: Balance per bank Outstanding checks Deposits in transit NSF check Bank service charges Cash balance per books Use the following tabular analysis to determine the required adjustments to Curate's accounts: Bal 13,224 May 20 Adj Bal Assets Accounts Rec $13,224 2,480 4,000 256 80 15,080 Liabilities + Accounts Payable Common Steck Decrease Accounts Receivable by $256. Decrease Cash by $2,480. Increase Expense by $336. Increase Expenses by $80. Stockholders' Equity Revenue- Expenses

Curate Company assembled the following information in completing its May bank reconciliation: Balance per bank Outstanding checks Deposits in transit NSF check Bank service charges Cash balance per books Use the following tabular analysis to determine the required adjustments to Curate's accounts: Bal 13,224 May 20 Adj Bal Assets Accounts Rec $13,224 2,480 4,000 256 80 15,080 Liabilities + Accounts Payable Common Steck Decrease Accounts Receivable by $256. Decrease Cash by $2,480. Increase Expense by $336. Increase Expenses by $80. Stockholders' Equity Revenue- Expenses

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Calculator Thompson Company gathered the following reconciling information in preparing its October bank reconciliation. Cash balance per bank, October 31 $14,391 Note receivable collected by bank 4,306 Outstanding checks 7,664 Deposits in transit 5,297 Bank service charge 146 NSF check 2,231 Determine the cash balance per company records (before adjustment) on October 31. Oa. $12,024 Ob. $13,953 Oc. $10,095 Od. $27,352 3:09 PM 10/23/2020 8.
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From the give Problem 2, What is the adjusted cash in bank on December 31?
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