S the transactions. ank reconciliation and entries OBJ. 5 Ecount for Capstone Medical Co. at November 30, 2016, indicated a balance The bank statement indicated a balance of $128,660 on November 30, 2016. the bank statement and the accompanying canceled checks and memos with revealed the following reconciling items: outstanding totaled $32,700. t of $18,550, representing receipts of November 30, had been made too late on the bank statement. x collected $26,750 on a $25,000 note, including interest of $1,750. for $1,500 returned with the statement had been incorrectly recorded by Medical Co. as $150. The check was for the payment of an obligation to ply Co. for a purchase on account. drawn for $490 had been erroneously charged by the bank as $940. vice charges for November amounted to $60. bank reconciliation. - the necessary entries. The accounts have not been closed. ce sheet were prepared for Capstone Medical Co. on November 30, 2016, -unt should be reported as cash?
S the transactions. ank reconciliation and entries OBJ. 5 Ecount for Capstone Medical Co. at November 30, 2016, indicated a balance The bank statement indicated a balance of $128,660 on November 30, 2016. the bank statement and the accompanying canceled checks and memos with revealed the following reconciling items: outstanding totaled $32,700. t of $18,550, representing receipts of November 30, had been made too late on the bank statement. x collected $26,750 on a $25,000 note, including interest of $1,750. for $1,500 returned with the statement had been incorrectly recorded by Medical Co. as $150. The check was for the payment of an obligation to ply Co. for a purchase on account. drawn for $490 had been erroneously charged by the bank as $940. vice charges for November amounted to $60. bank reconciliation. - the necessary entries. The accounts have not been closed. ce sheet were prepared for Capstone Medical Co. on November 30, 2016, -unt should be reported as cash?
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 18E
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