EXERCISE 7-8 Showr below is the information needed to prepare a bank reconciliation for Data Bank Reconcil- Flow, Inc., at December 31. iation and En- At December 31, cash per the bank statement was $15,981; cash ny's records was $17,445. 2 Two debit memoranda accompanied the bank statcment: servicc charges for December of $24, and a $600 check drawn by Jane Jones marked "NSF." 1 trles to Update the Accounting Records per the compa- 3 Cash receipts of $4,353 on December 31 were not deposited until January. 4 The following checks had been issued in December but were not included among the paid checks returned by the bank: no. 620 for $978, no. 630 for $2,052, and no. 641 for $483. INSTRUCTIONS a Prepare a bank reconciliation at December 31. b Prepare the necessary journal entry or entries to update the accounting records of Data Flow, Inc.

Bank Reconciliation The following data were gathered to use in reconciling the bank account of Azalea Company: Balance per bank $ 17,300 Balance per company records 9,455 Bank service charges 35 Deposit in transit 3,700 Note collected by bank with $100 interest 5,350 Outstanding checks 6,230 a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Azalea Company based on the bank reconciliation. f an amount box does not require an entry, leave it blank. Cash Accounts Receivable Miscellaneous Expense Cash

Bank Reconciliation Beeler Furniture Company deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of June 30, 20Y2, have been taken from various documents and records and are reproduced as follows. The sources of the data are printed in capital letters. All checks were written for payments on account. Refer to the June Bank Statement (2nd attached image)   Required: 1. Prepare a bank reconciliation as of June 30, 20Y2. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales. All checks are written to satisfy accounts payable. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Add:" & "Deduct:" will automatically appear if it is required. Round your answers to two decimal places. For those boxes in which you must enter subtracted…

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

Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9: a. Cash balance according to the company's records at August 31, $28,730. b. Cash balance according to the bank statement at August 31, $30,200. c. Checks outstanding, $5,830. d. Deposit in transit, not recorded by bank, $4,680. e. A check for $590 in payment of an account was eroneously recorded by Kaycee Sisters Inc. as $950. f. Bank debit memo for service charges, $40. Prepare a bank reconciliation, using the format shown in Exhibit 12. Kaycee Sisters Inc. Bank Reconciliation August 31, 20Y9 Cash balance according to bank statement Adjusted balance Cash balance according to Kaycee Sisters Inc. $ Adjusted balance

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.)

need answer please

Bank reconciliation and entries Beeler Furniture Company deposits all cash receipts each Wednesday and Friday in a night depository after banking hours. The data required to reconcile the bank statement as of June 30 have been taken from various documents and records and are reproducedmas follows. The sources of the data are printed in capital letters. All checks were written for payments on account. CASH ACCOUNT:   Balance as of June 1 $9,317.40 CASH RECEIPTS FOR MONTH OF JUNE  $9,223.76 DUPLICATE DEPOSIT TICKETS:   Date and amount of each deposit in June:     Beeler Furniture Company Bank Reconciliation May 31 20Y2 Cash balance according to bank statement   $ 9,447.20 Add deposit for May 31, not recorded by bank    690.25 Deduct outstanding checks:     No. 731 $162.15   736 345.95   738 251.40   739 60.55  820.05 Adjusted balance   $ 9,317.40 Cash balance according to company's records   $ 9,352.50 Deduct bank service charges   35.10…

Using the following information: a. The bank statement balance is $4,265. b. The cash account balance is $4,448. c. Outstanding checks amount to $835. d. Deposits in transit are $954. e. The bank service charge is $55. f. A check for $37 for supplies was recorded as $28 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation Line Item Description May 31 Amount Amount Cash balance according to bank statement Adjusted balance Cash balance according to company's records Total deductions Adjusted balance