statement, JW’s accountant identified the following reconciling items:  outstanding checks, $800; deposits in transit, $700; bank service charge, $30; NSF check, $200.  The cash receipt of the NSF check was previously wrongly recorded by the JW company as $250.  What is the adjusted bank balance? (Assumption, no fraud in this case)

The cash account for Norwegian Medical Co. at April 30 indicated a balance of $91,408. The bank statement indicated a balance of $126,590 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $33,700. b. A deposit of $18,900, representing receipts of April 30, had been made too late to appear on the bank statement. c. The bank collected $22,042 on a $20,600 note, including interest of $1,442. d. A check for $1,600 returned with the statement had been incorrectly recorded by Norwegian Medical Co. as $160. The check was for the payment of an obligation to Universal Supply Co. for a purchase on account. e. A check drawn for $680 had been erroneously charged by the bank as $860. f. Bank service charges for April amounted to $40. need bank reconciliation  journal entry   If a balance sheet is prepared for Norwegian Medical Co. on April 30, what amount…

Marin Company's general ledger indicates a cash balance of $24,340 as of September 30, 2021. Early in October Marin received a bank statement indicating that during September Marin had an NSF check of $3,500 returned to a customer and incurred service charges of $80. Marin also learned it had incorrectly recorded a check received from a customer on September 15 as $500 when in fact the check was for $570. Calculate Marin's correct September 30, 2021, cash balance. Balance per books Add Deduct Corrected cash balance.

The cash account for Santiago Co. on May 31, 2021 indicated a balance of $15,515.00. The March bank statement indicated an ending balance of $20,245.00. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:   a. Checks outstanding totaled $4,820.00 b. A deposit of $3,796.00 had been made too late to appear on the bank statement. c. A check for $1,233.00 returned with the statement had been incorrectly recorded as $233.00.  The check was originally for a vendor payment on account. d. The bank collected $5,541.00 on a note left for collection. e. Bank service charges for May amounted to $45.00. f. A check for $790.00 was returned by the bank because of insufficient funds. Prepare a bank reconciliation as of May 31, 2021.  Journalize the necessary entries.

When the bank statement is received on July 3, it shows a balance, before reconciliation, of $6,120 as of June 30. After reconciliation, the adjusted balance is $3,650. If one deposit in transit amounted to $1,470, what was the total of the outstanding checks assuming that no other adjustments would be made to the bank statement?

The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified:  Bellows book balance- $28,750  Outstanding Checks- 900 Interest earned on checking account- 84 Customers NSF check returned by the bank- 405  In addition, Bellows made an error in recording a customer's check; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730. What amount will Bellows report as its adjusted cash balance at April 30, 2019?

On March 31, Sigment Company had a $44,547.60 checkbook balance. The bank statement showed a balance on that date of $46,574.10, and the following information on the bank statement had not been entered in the checkbook:   $24.75 Service charge $68.85 NSF charge   A review of the company’s bank statement and checkbook showed a deposit in transit of $3,919.44 and outstanding checks as follows:                   Number 234 for $281.34                 Number 236 for $445.12                 Number 237 for $2,901.60                 Number 238 for $2,411.48   Prepare a bank reconciliation in proper format.  List and total the outstanding checks at the bottom of the bank reconciliation.

At November 30, balance as per the bank statement of One Day Cleaners was $40,758; and balance as per the cash book, $41,969. Accountant found following transactions which created difference in balances of cash book and pass book.1. Included on the bank statement was a credit for $168 interest earned on this checking account during November but not recorded in cash book.2. Two cheques were outstanding at November 30: no. 921 for $964 and no. 925 for $1085.3. Enclosed with the bank statement were two debit memoranda for the following items: service charge for November, $14; and a $700 cheque of a customer marked as “NSF”.4. Accountant found a mistake in bank statement as a wrong credit of $1750.5. Examination of the paid checques also revealed that two cheques, all issued in November, had not yet been paid by the bank: no. 921 for $945; no. 924 for $320.6. Verified that cash receipts of $16997 on November 29 were deposited into the bank but the same could not be cleared by bank till…

At March 31, Cummins Company had an unadjusted balance in its cash account of $10,800. At the end of March, the company determined that it had outstanding checks of $1,195, deposits in transit of $730, a bank service charge of $45, and a NSF check from a customer for $230.   What is the true cash balance at March 31?

The books of Spaghetti Company disclosed a cash balance of P691,720 on June 30. The bank statem ent as of June 30 showed a balance of P556,800. Additional information that might be useful in reconciling the two balances follows: * Check No. 128 for P13,000 was erroneously recorded in the check register as P30,000. * A customer's note dated March 31 was discounted on April 12. The note was dishonored on June 29 (maturity date). The bank charged Spaghetti's account for P142,650, which includes a protest fee of P420. The deposit of June 24 was recorded on the books as P28,950 but it was actually a deposit of P29,850. Outstanding checks totaled P98,850 as of June 30. * There were bank service charges for June of P2,100 not yet recorded on the books. * Spaghetti's account had been charged on June 26 for a customer's NSF check for P12,960. * Spaghetti properly deposited P6,000 on June 30 that was not recorded by the bank. Receipts of June 30 for P134,250 were recorded by the bank on July 2.…