Use the following information to answer 1-2: You are auditing general cash for the Christian Company for the fiscal year ended July 31, 2017. The client has not prepared the July 31 bank reconciliation. After a brief discussion with the owner, you agree to prepare the reconciliation, with assistance from one of Christian Company's clerks. You obtain the following information: General Bank ledger P 45,610 statement P 57,530 250,560 Beginning balance Deposits Cash receipts journal Checks cleared Cash disbursements journal (217,610) July bank service charge Note paid directly NSF check Ending balance 254,560 (236,150) (870) (61,000) (3,110) P 6,960 P 82,560 June 30 Bank Reconciliation Information in General Ledger and Bank Statement: Balance per bank Deposits in transit Outstanding checks Balance per books P 57,530 6,000 17,420 46,110 Additional information obtained is: a. Checks cleared that were outstanding on June 30 totaled P16,920 b. A check for P10,600 cleared the bank, but had not been recorded in the cash disbursements journal. It was for an acquisition of inventory. Christian Company uses the periodic inventory method. c. A check for P3,960, issued by Christianne Company, was charged to Christian Company. d. Deposits included P6,000 from June and P244,560 for July. e. The bank charged Christian Company's account for a not sufficient fund check totaling P3,110. The credit manager concluded that the customer intentionally closed its account and the owner left the city. The check was turned over to a collection agency. f. A note for P58,000, plus interest, was paid directly to the bank under an agreement signed four months ago. The note payable was recorded at P58,000 on Christian Company's books.

On May 27, you received your bank statement showing a balance of $1,026.34. Your checkbook shows a balance of $1,056.29. Outstanding checks are $245.50 and $377.20. The account earned $62.59. Deposits in transit amount to $705.24, and there is a service charge of $10.00. Calculate the reconciled balance. $29.95 $943.80 O $1,003.70 O $1,108.88

The new balance from a bank statement is $16,835.55. The deposits not yet recorded by the bank are $2058.05, $92.91 and $1052.27. The checks outstanding are $352.85, $188.14, $144.73 and $81.20. Determine the adjusted bank balance.

Given the following information to reconcile GCompany’s cash book balance with its bank statement balance as of July 31, 2021: a. Cheques #296 for $1,334 and #307 for $12,754 were outstanding on the September 30 bank reconciliation. Cheque #307 was returned with the October cancelled cheques, but cheque #296 was not. It was also found that cheque #315 for $893 and cheque #321 for $2,000, both written in July, were not among the cancelled cheques returned with the statement. b. In comparing the cancelled cheques returned by the bank with the entries in the accounting records, it was found that cheque #320 for the July rent was correctly written for $4,090 but was erroneously entered in the accounting records as $4,900. c. Also enclosed with the statement was a $74 debit memo for bank services. It had not been recorded because no previous notification had been received. d. A credit memo enclosed with the bank statement indicated that there was an electronic fund transfer related to a…

Presented below is information related to Shamrock Inc. Balance per books at October 31, $58,586.99; receipts $242,933.47; disbursements $230,850.96. Balance per bank statement November 30, $78,783.88. The following checks were outstanding at November 30. 1224 $2,289.41 1230 1232 1233 3,455.62 (a) 2,975.21 675.04 Included with the November bank statement and not recorded by the company were a bank debit memo for $38.36 covering bank charges for the month, a debit memo for $520.98 for a customer's check returned and marked NSF, and a credit memo for $1,960 representing bond interest collected by the bank in the name of Shamrock Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $2,681.56. Prepare a bank reconciliation (to the correct balance) at November 30, for Shamrock Inc. from the information above. (Enter answers to 2 decimal places, e.g. 125.62.)

On April 30, the bank reconciliation of Vaughn Company shows three outstanding checks: no. 254, $680; no. 255, $820; and no. 257, $370. The May bank statement and the May cash payments journal show the following. Bank Statement Checks Paid Date   Check No.   Amount 5/4   254   $680   5/2   257   370   5/17   258   244   5/12   259   300   5/20   261   460   5/29   263   400   5/30   262   680     Cash Payments Journal Checks Issued Date   Check No.   Amount 5/2   258   $244 5/5   259   300 5/10   260   840 5/15   261   460 5/22   262   680 5/24   263   400 5/29   264   520 List the outstanding checks at May 31.

(a.) The June 30 balance shown on the bank statement is $5,796. (b.) Outstanding checks at June 30 totaled $330. (c.) A deposit of $424 made on June 30 was not included in the balance shown on the bank statement. (d.) The bank statement contained an adjustment of $410 for a note receivable collected by the bank on behalf of Show Me, Inc. ($382 principal and $28 interest). (e.) A bank charge of $34 was made to the account during June. Although the company was expecting a charge, the amount was not known until the bank statement arrived. (f.) The bank erroneously charged a $340 check of Shirt, Inc., against the Show Me, Inc., bank account. (g.) The June 30 balance in the general ledger Cash account, before reconciliation, is $6,026. (h.) The bank statement included a notice that a customer's check for $172 that had been deposited on June 14 had been returned NSF. (1.) Prepare the bank reconciliation for Show Me, Inc., as of June 30. (2.) Prepare the appropriate adjusting entry(ies) or…

Given the following information, determine the adjusted cash balance per books from the following information: a. Balance per books as of June 30, $8,600. b. Outstanding checks, $820. с NSF check returned with bank statement, $130. d. Deposit mailed the afternoon of June 30, $300. e Check printing charges, $30. Interest earned on checking account, $12. Adjusted cash balance per books $

On April 30, the bank reconciliation of Sunland Company shows three outstanding checks: no. 254, $730; no. 255, $910; and no. 257, $310. The May bank statement and the May cash payments journal show the following. Bank Statement Checks Paid Date   Check No.   Amount 5/4   254   $730   5/2   257   310   5/17   258   249   5/12   259   200   5/20   261   500   5/29   263   430   5/30   262   690     Cash Payments Journal Checks Issued Date   Check No.   Amount 5/2   258   $249 5/5   259   200 5/10   260   840 5/15   261   500 5/22   262   690 5/24   263   430 5/29   264   580 List the outstanding checks at May 31. No.       Amount Select a check number                                                                  $Enter a dollar amount Select a check number                                                                  Enter a dollar…

Based on the information in the worksheet, Calculate: February Deposits in Transit: Date                                  Amount February Outstanding Checks: Check #                           Amount