Requirement 1. Prepare White Photography's bank reconciliation at November 30, 2024. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) White Photography O Bank Statement Bank Reconciliation A Checkbook November 30, 2024 Balance 535 Bank: Deposits 105 Date Check No. Item Check Deposit Balance Checks No. Amount ADD: Nov. 1 2$ 535 622 25 Nov. 4 622 Quick Mailing 24 25 510 623 45 LESS: Nov. 9 Service Revenue 105 615 624 95 Nov. 13 623 Photo Supplies 45 570 70 625 (235) Nov. 14 624 Utilities 65 505 Other charges: Nov. 18 625 Cash 70 435 Office Supplies Printed checks $ 30 Nov. 26 626 80 355 35 (65) Nov. 28 627 Upstate Realty Co. 255 100 Service charge O Requirements 2$ 340 Nov. 30 Service Revenue 1,200 1,300 Balance "This is the correct amount for check number 624. 1. Prepare White Photography's bank reconciliation at November 30, 2024. Print Done 2. How much cash does White actually have on November 30, 2024? Print Done 3. Journalize any transactions required from the bank reconciliation. Print Done

Requirement 1. Prepare White Photography's bank reconciliation at November 30, 2024. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) White Photography O Bank Statement Bank Reconciliation A Checkbook November 30, 2024 Balance 535 Bank: Deposits 105 Date Check No. Item Check Deposit Balance Checks No. Amount ADD: Nov. 1 2$ 535 622 25 Nov. 4 622 Quick Mailing 24 25 510 623 45 LESS: Nov. 9 Service Revenue 105 615 624 95 Nov. 13 623 Photo Supplies 45 570 70 625 (235) Nov. 14 624 Utilities 65 505 Other charges: Nov. 18 625 Cash 70 435 Office Supplies Printed checks $ 30 Nov. 26 626 80 355 35 (65) Nov. 28 627 Upstate Realty Co. 255 100 Service charge O Requirements 2$ 340 Nov. 30 Service Revenue 1,200 1,300 Balance "This is the correct amount for check number 624. 1. Prepare White Photography's bank reconciliation at November 30, 2024. Print Done 2. How much cash does White actually have on November 30, 2024? Print Done 3. Journalize any transactions required from the bank reconciliation. Print Done

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Reconcile the account by adjusting both the balance from the bank statement and the checkbook balance to obtain the current balance. GCCES The current balance based on the statement balance is $ The current balance based on the checkbook balance is $ Check Register Balance $15851.98 Checks Outstanding Number Amount $93.39 $104.01 $40.29 $1170.45 223 225 227 229 Bank Statement Deposits not Recorded Amount $58 44 $409 92 $1967.68 Balance: $14837.40 Bank Charge: $9 45 Interest Credit $22.77
vnt.2
Solve this problem
Stewart Recording Studio, owned by Ron Stewart, showed the following bank reconciliation at March 31: Stewart Recording Studio Bank Reconciliation March 31, 2020 Bank statement balance $ 22,200 Book balance $ 31,085 Add: Deposit of March 31 in transit 10,045 $ 32,245 Deduct: Outstanding cheques: #14 $ 843 #22 317 1,160 Adjusted bank balance $ 31,085 Adjusted book balance $ 31,085 Cash Acct. No. 101 Date Explanation PR Debit Credit Balance 2020 March 31 Balance 31,085 April 30 CR17 71,762 102,847 30 CD13 92,000 10,847 A list of deposits made and cheques written during April, taken from the Cash Receipts Journal and Cash Disbursements Journal, is shown below: Deposits Made April 7 $ 693 13 4,620 18 5,926 23…
Cash balance is correct. But what would the total be. ($______)
SHOW FORMULAS USING EXCELNO FORMULAS = NO UPVOTE
PLEASE ANSWER ASAP Problem No. 2 The following information pertains to AACA Corp.: AACA Corp. BANK RECONCILIATION November 30, 2022 Balance per bank statement P435,000 Less: Outstanding checks No. 4321 P 6,000 4329 15,000 4340 1,700 4341 4,675 27,375 P407,625 Add: Deposit in transit 16,200 Balance per books P423,825 Check Register December 2022 Date Payee No. Voucher Payable Discount Cash Dec. 1 Earl Inc. 4342 P10,000 P500 P9,500 3 JonJon Co. 4343 4,200 - 4,200 7 Aldous Corp. 4344 3,755 - 3,755 12 Von Company 4345 12,000 120 11,880 15 Payroll 4346 96,000 - 96,000 16 Abraham Co. 4347 6,300 - 6,300 18 Rian Corp. 4348 14,200 142 14,058 21 Mark, Inc. 4349 7,000 - 7,000 22 Petty cash fund 4350 10,000 -…
Ocak Uçan Yağlar Sanayi A.Ş. He bought 6 automatic filling machines and paid a total of 600,000 liras for them. The depreciation life of filling machines is 5 years. In this situation a) If the ordinary depreciation method is applied, what is the depreciation amount to be allocated according to the years? 4. What will be the book value at the end of the year? b) If the rapid depreciation method is applied, what is the depreciation amount to be allocated over the years? 4. What will be the book value at the end of the year?
Problem 3 Serato Company keeps all Its cash In a checking acount. An examination of the entity's accounting records and bank statement for the month ended December 31, 2020 revealed a bank statement balance of P8.469.000 and a book balance of P8,524,000. A deposit of P950,000 placed in the bank's night depository on December 29 does not appear on the bank Statement. Checks outstanding on December 31 amount to P270, 000. The bank statement snows that on December 25, the bank collected a note for Serato Company and credited the proceeds of P935,000 to the entity's account. The proceeds included P35,000 interest, all or Wich Serato Company earned during the current period, Serato Company has not yet recorded the said collection. Serato Company discovered that check number 1000759 written in December for P183,000 in payment of an account had been recorded in the entity's records as P138,000. Included with the December 31 bank statement was an NSF check for P250,000 that Serato Company had…
From the bank reconciliation practice problem on pages 4-5 and 4-6 of the lecture notes, what is the reconciled balance in the cash account?
Sal's Surf Shop deposits all receipts in the bank and makes all payments by check. On July 31 the cash account had a balance of $6,105.42. The bank statement on July 31 reported a balance of $4,146.46. Upon comparing the bank statement to the books, the following items were found. а. A bank debit memo issued for an NSF check from a customer of $21.25. b. A bank credit memo issued for interest of $8.50 earned during the month. С. During the evening of July 31, a deposit of $1,948.25 was made, which is not shown on the bank statement. d. A bank debit memo issued for $18.50 for bank service charges. е. Checks for the amounts of $34.00, $17.85, and $93.25 were written during July but have not yet been received by the bank. f. The reconciliation from the previous month, June, showed outstanding checks of $260.80. One of these checks in the amount of $7.38 has not yet been received by the bank. g. After comparing the canceled checks to the bank statement, it was discovered that a check…
need answer please