In the month of November, Wildhorse Co. Inc. wrote checks in the amount of $9,685. In December, checks in the amount of $11,195 were written. In November, $8,465 of these checks were presented to the bank for payment, and$10,150 in December.What is the amount of outstanding checks at the end of November? At the end of December?NovemberDecemberThe amount of outstanding checks2$2$

Outstanding check is a check payment which is written by someone, but has not been cashed or…

Answered: In the month of November, Wildhorse Co.…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 3E

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Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200. In the cash disbursements journal, the Accounts Payable column has total debits of $6,800 for November. The Accounts Payable credit column in the purchases journal reveals a total of $10,500 for the current month. Based on this information, what is the ending balance in the Accounts Payable account in the general ledger?
In the month of November, Bramble Company Inc. wrote checks in the amount of $10,200. In December, checks in the amount of $11,766 were written. In November, $9,000 of these checks were presented to the bank for payment, and $10,977 in December.What is the amount of outstanding checks at the end of November? At the end of December?
In the month of April, Mazaya Company Inc. wrote checks in the amount of R.O.18,500. In May, checks in the amount of R.O.25.316 were written. In April, R.O.16,936 of these checks were presented to the bank for payment, and R.O.21,676 were presented in May. What is the amount of outstanding checks at the end of May? Select one: O a. R.O.1,564 O b.R.O.5,204 O c R.O.7,19o O d. R.O.3,64o If a gain of RO.20,000 is made in relation to selling (for cash) office equipment having a book value of R.O 80,00o, the total amount reported in the cash flows from investing activities section of the statement of cash flows is
In the month of November, Lily Company Inc. wrote checks in the amount of $10,350. In December, checks in the amount of $11,782 were written. In November, $9,990 of these checks were presented to the bank for payment, and $10,848 in December.What is the amount of outstanding checks at the end of November? At the end of December?
In the month of May, Fredricksburg Company Inc. wrote checks in the amountof $64,750. In June, checks in the amount of $88,606 were written. In May,$59,276 of these checks were presented to the bank for payment, and $76,181in June. What is the amount of outstanding checks at the end of June?a. $12,425b. $5,474c. $17,899d. $24,850
In the month of March, Mazaya Company Inc wrote checks in the amount of R.O 45.620. In April, checks in the amount of RO 63.290 were written. In March, R.O.43.240 of these checks were presented to the bank for payment, and R.054415 in April. Whatis the amount of outstanding checks at the end of March? Select one O a. RO3.75o O BRO2.380 O C RO3,910
In the month of November, Kingbird, Inc. wrote checks in the amount of $ 63300. In December, checks in the amount of $ 86581 were written. In November, $ 57921 of these checks were presented to the bank for payment and $ 74440 in December. What is the amount of outstanding checks at the end of December? A)$ 5379. B)$ 17520. C)$ 24282. D)$ 12141.
Henry Inc. is preparing the monthly bank reconciliation of its checking account balance for the month of October.The bank statement indicates the following:Bank Statement balance, beginning of the month: $ 15,640Service charge for October $ 65Interest earned during October $ 80NSF check for goods purchased on account $ 615The company's records indicates the following:Company statement account balance $ 15,526Outstanding checks as of October 31 $ 1,410Deposit in transit as of October 31 $ 750Error in recording a check Issued by Henry Inc. Check was recorded as $660 by the company but correct amount of the check is $6061. Complete the reconciliation by adjusting the bank's end of period balance. List the name of each adjustment, the value on theadjustment (in a separate cell), and then calculated the new adjusted balance. 2. Complete the reconciliation by adjusting the company's end of period balance. List the name of each adjustment, the value onthe adjustment (in a separate cell), and…
In the month of November, Metlock Storage Company Inc. wrote checks in the amount of $44400. In December, checks in the amount of $60758 were written. In November, $40646 of these checks were presented to the bank for payment and $52238 in December. What is the amount of outstanding checks at the end of December assuming that there were no checks outstanding on October 31? $12274. Ⓒ$17040. $3754. $8520. eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer
At the end of April, Meyer Company had a $7,890 balance in its cash account, while its bank state-ment for April showed an ending cash balance of $7,200. The April bank statement showed $10 of interest earned by Meyer on its checking account and a $200 NSF check written by one of Meyer’s customers. Meyer’s records show a $600 deposit in transit and $100 of outstanding checks at the end of April. Prepare the bank reconciliation of Meyer for April.
The LILA company has the below information in its Bank Statement and the company book at the end of the Month June. Balance per company records at end of month $72,644.12 Bank service charge for the month $44 NSF check returned with bank statement $1,440.66 Outstanding checks at month end $31,554 Interest on note collected during the month $4,500 Balance per bank at end of month $144,225 Outstanding Deposit at month end $7,989 Prepare bank reconciliation and write the correct cash balance per bank statement. (provide the detailed workings in the answer)
Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of May, the general ledger checking account showed a balance of $1,480 and the bank statement showed a bank balance of $1,325. Outstanding checks totaled $410 and deposits in transit were $210. The bank statement listed service charges of $90 and NSF checks totaling $265. The corrected cash balance is: Multiple Choice $860. $770. $1,325.

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