On December 31, 2020 Buttercup Company had a cash balance per books of $10,922.25. The bank statement from Tampa Savings Bank on that date showed a balance of $10,356.90. A comparison of statement with the cash account revealed the following facts: a. Deposits in transit were$11,663.10.10. b. Outstanding checks at December 31 totaled $1,750.875. c. On December 31, the bank statement showed on NSF charge of 1006.50 for a check issued by Charlie Holston, a customer, to Buttercup Company on account. d. A $5,383.50 note receivable was collected by the bank for buttercup Company. The bank charged a collection fee of $43.50. e. Cash sales of $1,474.50 on December 20 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $1,399.50. The bank credited Buttercup Company for the correct amount. f. A $3,750 note receivable was collected by the bank for Bollywood Company. The bank charged a collection fee of $26.625. However the bank incorrectly credited the collected amount and charged the collection fee from Buttercup Company. g. A $1,250 note receivable was collected by the bank for Buttercup Company. However the bank incorrectly credited the collected amount and charged a collection fee of $ 35.50 from Bollywood Company. Required: a. Prepare the bank reconciliation statement dated December 31 2020, proceeding to a correct cash balance. b. Prepare any entries necessary to make the books correct and complete.

H7. What specific information would you need to begin a cash receipts forecast? Identify three items that would be helpful.  Please explain with details

how do we record in the cash payment journal for the payment in cash and with the GST included and received discount

On the Excel worksheet are the T- accounts for cash and other accounts need to record the bank reconciliation. Also, the format for the bank reconciliation is provided. Complete the bank reconciliation, using formulas when possible.

Distinguish among the following: (1) a general checkingaccount, (2) an imprest bank account, and (3) a lockboxaccount.

What are the four accounts that are typically affected by cash transactions. Please use the following illustration to help you answer this question.

Indicate with Yes or No whether each of items should be included in the cash balance presented on the balance sheet. If yes is selected for the Included in Cash Balance column for NSF checks, Savings account,Compensating balance,post dated checks,IOU,cash on hand,cash in sinking fund, travel advance, bank draft and prepaid debit card. Include the Classification items excluded?

do i add the opening balance after the difference of opening balance of bank statement and cash book gives me zero when i update the cash book?

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A(n) electronic _____ is the electronic exchange of money or scrip. a. cash transfer b. array c. payment d. exchange