XYZ Company's Cash account shows a balance of $7,800. The following reconciling items were identified: NSF check recorded by bank but not in books: $240 ⚫ Bank service charge: $25 ⚫ Interest earned: $45 . . Error in recording check (recorded as $780, actual amount $720) Outstanding checks: $950 Deposit in transit: $425 What is the adjusted book balance? a. $7,550 b. $7,600 c. $7,640 d. $7,680

The bank reconciliation shows the following adjustments: Deposits in transit: $1,234 Outstanding checks: $558 Bank service charges: $50 NSF checks: $250 Prepare the correcting journal entry.

What is the journal entry to record an NSF check, from J. Smith for 250, that is returned with the bank statement? a. Cash 250 DR; NSF Check 250 CR b. Accounts Receivable 250 DR; Cash 250 CR c. NSF Check 250 DR; Accounts Receivable 250 CR d. Cash 250 DR; Accounts Receivable 250 CR e. Cash 250 DR; Miscellaneous Expense 250 DR

A company received a bank statement with a balance of​ $6,100. Reconciling items included a bookkeeper error of ​$300—a $300 check recorded as $800—two outstanding checks totaling​ $830, a service charge of​ $20, a deposit in transit of​ $250, and interest revenue of​ $21. What is the adjusted bank​ balance?         A. ​$5,220   B. ​$5,061   C. ​$5,520   D. ​$4,721

A company received a bank statement with a balance of $6,400. Reconciling items included a bookkeeper error of $400 a $400 check recorded as $700—two outstanding checks totaling $800​, a service charge of $23​, a deposit in transit of $280​,and interest revenue of $21. What is the adjusted bank​ balance?         A. $5,480   B. $5,178   C. $5,880   D. $5624

PLEASE ANSWER WITHOUT IMAGE

As of June 30, Year 1, the bank statement showed an ending balance of $18,181. The unadjusted Cash account balance was $17,028. The following information is available: 1. Deposit in transit, $2,795. 2. Credit memo in bank statement for interest earned in June: $14. 3. Outstanding check: $3,946. 4. Debit memo for service charge: $12. Required: Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information. Note: Negative amounts should be indicated with minus sign. Bank Reconciliation Unadjusted bank balance 6/30/Year 1 True cash balance 6/30/Year 1 Unadjusted book balance 6/30/Year 1 True cash balance 6/30/Year 1 $ $ $ 18,181 18,181 4 0

The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $26,070. 2. Cash balance according to the bank statement at August 31, $27,620. 3. Checks outstanding, $5,290. 4. Deposit in transit, not recorded by bank, $4,250. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $30. a. 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 b. If the balance sheet were prepared for Creative Design Co. on August 31, what amount should be reported for cash? c. Must a bank reconciliation always balance (reconcile)?

The bank reconciliation shows the following adjustments: Deposits in transit: $882 Notes receivable collected by bank: $1,040; interest: $45 Outstanding checks: $580 Error by bank: $330 Bank charges: $40 Prepare the correcting journal entries. If an amount box does not require an entry, leave it blank.

As of June 30, Year 2, the bank statement showed an ending balance of $17,806. The unadjusted Cash account balance was $16,167. The following information is available: 1. Deposit in transit, $2,195. 2. Credit memo in bank statement for interest earned in June, $14. 3. Outstanding check, $3,834. 4. Debit memo for service charge, $14. Required Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 2, using the preceding information. (Negative amounts should be indicated with minus sign.) Bank Reconciliation Unadjusted bank balance 6/30/Year 2 True cash balance 6/30/Year 2 Unadjusted book balance 6/30/Year 2 True cash balance 6/30/Year 21