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B. 772,150 C. 779,650

B. 772,150 C. 779,650

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter5: Bank Reconciliation (bankrec)
Section: Chapter Questions
Problem 3R
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Q1. Honesty & Co. What is the adjusted cash amount of cash receipts during October
A. 760,650
B. 772,150
C. 779,650
D. 789,650

Q2. Honesty & Co. What is the adjusted amount of disbursements per bank during October? 
A. 624,700
B. 605,700
C. 633,200
D. 615,700

Q3. Honesty & Co. What is the adjusted cash balance as of September 30, 2021? 
A. 3,000
B. 2,500
C. None of the options
D. 2,000

Q4.  Honesty & Co. What is the unadjusted amount of cash receipts per bank during October? 
A. 789,650
B. None of the options
C. 780,450
D. 790,450

Q5. Honesty & Co. What is the unadjusted amount of cash disbursements per book during October? 
A. None of the options
B. 640,300
C. 630,300
D. 633,200

Problem 1- Honesty & Co. The following information is made available to you for the audit of Honesty & Co. Sep-21 Oct-21 Outstanding checks, end of the month 66,000 61,500 Deposits in transit, end of the month 55,500 64, 700 Bank credit memo for note collected 123,500 97,800 Bank service charges DAIF check returned by bank (recorded by the depositor in the month following the month 3,250 3,650 when checks were returned) 25,000 17,500 Cash per general ledger, end of the month - 93,250 81,800 Cash per bank statement, end of the month 12,500 155,250 Total receipts per books 837,000 815,350 Total charges by bank 598,000 637,700
Transcribed Image Text:Problem 1- Honesty & Co. The following information is made available to you for the audit of Honesty & Co. Sep-21 Oct-21 Outstanding checks, end of the month 66,000 61,500 Deposits in transit, end of the month 55,500 64, 700 Bank credit memo for note collected 123,500 97,800 Bank service charges DAIF check returned by bank (recorded by the depositor in the month following the month 3,250 3,650 when checks were returned) 25,000 17,500 Cash per general ledger, end of the month - 93,250 81,800 Cash per bank statement, end of the month 12,500 155,250 Total receipts per books 837,000 815,350 Total charges by bank 598,000 637,700
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