Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co. Bank Reconciliation August 31, 20Y6 Cash balance according to bank statement   $             Adjusted balance   $ Cash balance according to company's records   $             Adjusted balance   $

The following data were accumulated for use in reconciling the bank account of Nakajima Co. for July: 1. Cash balance according to the company’s records at July 31, $49,910. 2. Cash balance according to the bank statement at July 31, $48,250. 3. Checks outstanding, $4,460. 4. Deposit in transit, not recorded by bank, $6,450. 5. A check for $590 issued in payment of an account was erroneously recorded in the check register as $950. 6. Bank debit memo for service charges, $30.   Required:   Journalize the entry or entries that should be made by the company. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. CHART OF ACCOUNTSNakajima Co.General Ledger   ASSETS 110 Cash 111 Petty Cash 120 Accounts Receivable 131 Notes…

TSLA Co. found that the receipt of a check from a customer was properly recorded in th accounting records for $7,426 but improperly credited by the bank in the amount of $4,726. When preparing that month's bank reconciliation, the company should: Add $2,700 to the bank statement balance of cash. Add $2,700 to the book balance of cash. educt $2,700 from the book balance of cash O Deduct $2,700 from the bank statement balance of cash.

Use the following information for the next two (2) questions: The books of Coach Company disclosed a cash balance P691,720 on June 30. The bank statement as of June 30 showed a balance of P556,800. Additional information that might be useful in reconciling the two balances follows: (a) Check No. 128 for P13,000 was erroneously recorded in the check register as P30,000. (b) A customer's note dated March 31 was discounted on April 12. The note was dishonored on June 29 (maturity date). The bank charged Coach's account for P142,650, which includes a protest fee of P420. (c) The deposit of June 24 was recorded on the books as P28,950 but it was actually a deposit of P29,850. (d) Outstanding checks totaled P98,850 as of June 30. (e) There were bank service charges for June of P2,100 not yet recorded on the books. (f) Coach's account had been charged on June 26 for a customer's NSF check for P12,960. (g) Coach properly deposited P6,000 on June 30 that was not recorded by the bank. (h)…

The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $32,991. During October, the total cash deposited was $139,960, and checks written totaled $137,747. The bank statement indicated a balance of $43,370 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $6,476. b. A deposit of $1,779 representing receipts of October 31, had been made too late to appear on the bank statement. c. The bank had collected for Coastal Bike Co. $5,250 on a note left for collection. The face of the note was $5,000. d. A check for $580 returned with the statement had been incorrectly charged by the bank as $850. e. A check for $210 returned with the statement had been recorded by Coastal Bike Co. as $120. The check was for the payment of an obligation to Rack Pro Co. on account. f. Bank service charges for October amounted to $28. g. A check for…

The following information pertains to Crane Company. 1. 2. 3. 4. 5. Cash balance per books, August 31, $7,424. Cash balance per bank, August 31, $7,388. Outstanding checks, August 31, $711. August bank service charge not recorded by the depositor $63. Deposits in transit, August 31, $3,860. In addition, $3,176 was collected for Crane Company in August by the bank through electronic funds transfer. The collection has not been recorded by Crane Company.

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

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, $49,910. Cash balance according to the bank statement at July 31, $48,250. Checks outstanding, $4,460. Deposit in transit, not recorded by bank, $6,450. A check for $590 issued in payment of an account was erroneously recorded in the check register as $950. Bank debit memo for service charges, $30. Question Content Area a.  Prepare a bank reconciliation, using the format shown in Exhibit 12. Nakajima Co.Bank ReconciliationJuly 31 Cash balance according to bank statement $fill in the blank 8740c9ff3f91023_1   - Select -   - Select - Adjusted balance $fill in the blank 8740c9ff3f91023_6 Cash balance according to company's records $fill in the blank 8740c9ff3f91023_7   - Select -   - Select - Adjusted balance $fill in the blank 8740c9ff3f91023_12   Question Content Area b.  If the…

The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6:   Cash balance according to the company's records at August 31, $26,110. Cash balance according to the bank statement at August 31, $27,460. Checks outstanding, $5,300. Deposit in transit not recorded by bank, $4,260. A check for $480 in payment of an account was erroneously recorded in the check register as $840. Bank debit memo for service charges, $50. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. b. If the balance sheet were prepared for Creative Design Co. on August 31, what amount should be reported for cash?

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $17,410. 2. Cash balance according to the bank statement at July 31, $18,430. 3. Checks outstanding, $3,530. 4. Deposit in transit, not recorded by bank, $2,840. 5. A check for $590 in payment of an account was erroneously recorded in the check register as $950. 6. 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 Cash |X Accounts Payable b. July 31 Miscellaneous Expense Feedback Cash Check My Work Keep in mind that the company needs to journalize any adjusting items in the company section of the bank reconciliation, decrease Cash. If the company made an error that understates cash in the company section, the journal adjustment woul