Emerge Solutions Company deposits all receipts and makes all payments by cheque. The following information is available from the cash records: MARCH 31 BANK RECONCILIATION Balance per bank $35,160 Add: Deposits in transit 4,200 Deduct: Outstanding cheques (3,200) Balance per books $36,160 The month of April Results   Per Bank Per Books Balance April 30 $38,000 $42,140 April deposits recorded 11,200 17,300 April cheques recorded 12,010 11,320  Items on bank statement but not in books:     Note collected by bank 5,500 -0- Bank service charge 50 -0- Customer's NSF cheque returned by the bank  1,800 -0- Required Calculate the amount of the April 30: Deposits in transit Outstanding cheques What is the April 30 adjusted cash balance? Show all work.

Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book balance: $13,744. Deposits in transit: $2,509. Outstanding checks: $1,777. Bank charges: $125. Bank incorrectly charged the account for $412. The bank will correct the error next month. Check number 1879 correctly cleared the bank in the amount of $562 but posted in the accounting records as $652. This check was expensed to Utilities Expense.

The bank reconciliation shows the following adjustments: Deposits in transit: $1,234 Outstanding checks: $558 Bank service charges: $50 NSF checks: $250 Prepare the correcting journal entry.

The bank reconciliation shows the following adjustments. Deposits in transit: $526 Outstanding checks: $328 Bank charges: $55 NSF checks: $69 Prepare the correcting journal entry.

What is the journal entry to record an NSF check, from J. Smith for 250, that is returned with the bank statement? a. Cash 250 DR; NSF Check 250 CR b. Accounts Receivable 250 DR; Cash 250 CR c. NSF Check 250 DR; Accounts Receivable 250 CR d. Cash 250 DR; Accounts Receivable 250 CR e. Cash 250 DR; Miscellaneous Expense 250 DR

Happy Tails Inc. has a September 1, 20Y4, accounts payable balance of 620, which consists of 320 due Labradore Inc. and 300 due Meow Mart Inc. Transactions related to purchases and cash payments completed by Happy Tails Inc. during the month of September 20Y4 are as follows: a. Prepare a purchases journal and a cash payments journal to record these transactions. The forms of the journals are similar to those used in the text. Place a check mark () in the Post. Ref. column to indicate when the accounts payable subsidiary ledger should be posted. Happy Tails Inc. uses the following accounts: b. Prepare a listing of accounts payable creditor balances on September 30, 20Y4. Verify that the total of the accounts payable creditor balances equals the balance of the accounts payable controlling account on September 30, 20Y4. c. Why does Happy Tails Inc. use a subsidiary ledger for accounts payable?

prepare journa entries and bank rencoliation

Cool Company prepared the following bank reconciliation for the month of November:Balance per bank statement, November 30             3,600,000Add: Deposit in transit                                              800,000                                                                                 4,400,000Less: Outstanding checks       1,200,000Bank credit recorded in error 200,000                    1,400,000Balance per book, November 30                            3,000,000 Data per bank statement for the month of December: December deposits, including note receivablecollected of P 1,000,000 for Cool Company                           5,500,000December disbursements, including NSF checkP350,000 and service charge P50,000                                    4,400,000 All items that were outstanding on November 30 cleared through the bank in December,including the bank credit. In addition, checks of P500,000 were outstanding and deposits of P700,000 were in transit on December 31. 1.…

Enterina Company provided the following bank reconciliation on May 31: Balance per bank statement Deposits Outstanding Checks Outstanding Correct Cash Balance 2,100,000 300,000 | 30,000) 2.370,000 Balance per book Bank Service Charge Correct Cash Balance 2,372,000 | 2,000) 2,370,000 Data for the month of June: Bank Вook Checks recorded Deposits recorded Collection by Bank (P400,000 note plus interest) NSF Check returmed with June 30 statement Balances 2,360,000 1,800,000 2,300,000 1,620,000 420,000 10,000 1,830,000 1,810,000 29. What is the amount of checks outstanding on June 30? 30. What is the amount of deposits in transit on June 30? 31. What is the adjusted cash in bank on June 30?