Marlon, Inc. reported a balance of $143 in its cash account at the end of the month. There were $120 of deposits in transit and $115 of checks outstanding. The bank statement showed a balance of $150, service charges of $6, and the collection of a note plus interest. The note had a face value of $15. How much interest did the bank collect for the company? a. $18 b. $3 c. $24 d. $12

Q: In the month of April, Mazaya Company Inc. wrote checks in the amount of R.O.18,500. In May, checks…

A: 1. Outstanding checks at the end  of May = Check written in April - Check presented in April = RO…

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A: Cash Account balance = P128,000 Bank statement balance =P102,000 Reconciliation statement should be…

Q: Lori's Company has the following items: cash in a checking account, $2,000; cash in a savings…

A: Solution We are provided with the following information Cash in checking account = $ 2,000 Cash in…

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A: Bank reconciliation statement is prepared to reconcile bank account with its financial records. Bank…

Q: Ming Company presented you the following information regarding its Cash in bank account for the…

A: Bank reconciliation statement refers to a reconciliation between the entries entered in the cash…

Q: Street Cellular Company recently received its bank statement for the month of February, 2012 from…

A: A bank reconciliation statement is prepared to reconcile the entity’s bank balance with the…

Q: The following Information Is avalable for Trinkle Company for the month of June: 1 The unadjusted…

A: The bank reconciliation statement is prepared to match the balance of cash book and pass book.

Q: At July 31, Lily Company has the following bank information: cash balance per bank $7,490,…

A: Bank reconciliation is prepared to match the difference between the cash or bank balance as per bank…

Q: Nickleson Company had an unadjusted cash balance of $6,209 as of May 31. The company's bank…

A: Bank reconciliation statement is used to determine the differences between the bank statement…

Q: At the end of February, Howard Productions’ accounting records reveal a balance for cash equal to…

A: 1. Reference:

Q: Use the information below to prepare a bank reconciliation for XYZ Company for the month of January.…

A: Solution: Bank reconciliation for XYZ Company for the month of January is as under:

Q: The book balance in the checking account of Kyri Enterprises as of November 30 is $2,944. The bank…

A:

Q: 1. What is the cash balance per ledger?

A: Bank reconciliation statement: A statement prepared for the purpose of reconciling the balance of…

Q: in the month of May, Kayak Company Inc. wrote checks in the amount of $81,000. In June, checks in…

A: The outstanding checks refers to the checks written by the company but not presented to bank for…

Q: Marlon, Inc., reported a balance of $133 in its cash account at the end of the month. There were…

A: Due to certain reasons, the balance of the bank account and the balance shown in the cash book of…

Q: The cash in bank account of Smart, Inc. for April showed an ending balance of P129,298. Deposits in…

A: Cash account is useful for tracking payments and receipts and movement of cash. It is an important…

Q: The Cash account of Safety First Security Systems reported a balance of $2,540 at December 31, 2024.…

A: Bank reconciliation refers to the method used by the company to match the bank statement as well as…

Q: The bank statement for Blossom Company indicates a balance of $880 on July 31. The cash balance per…

A: (a) In the books of BLOSSOM COMPANY Bank reconciliation statement (amount in $) Particulars…

Q: Alpha company provided the followinginformation for the month of December: Cash balance per ledger…

A: Sometimes due to certain reasons the balance as per the cash boo doesn't matches with the bank…

Q: On July 31, Cullumber Ltd. had a cash balance of $10,870 in its general ledger. The bank statement…

A: Bank reconciliation: Bank reconciliation is a statement which is prepared to reconcile the cash…

Q: The bank statement for the month of June contains the following data: Total deposits 55,000 Total…

A: The bank reconciliation statement is prepared to adjust the bank balance and cash book balance to…

Q: The book balance in the checking account of Kyri Enterprises as of November 30 is $2,944. The bank…

A: The amounts that are correctly recorded in the bank statement but are omitted from the books are…

Q: On April 30, a company’s bank statement had an ending balance for cash of $43,352. The cash balance…

A: The bank reconciliation statement is prepared to adjust the balance of cash book and pass book.

Q: epare a bank reconciliation Statement at September 30

A: Bank Reconciliation Statement: In the banking scenario, the account and mirror account having the…

Q: At November 30, One Day Cleaners has available the following data concerning its PROBLEM 7A-2…

A: The bank reconciliation statement is prepared to match the cash balances of cash book and pass book.…

Q: correct cash balance at the end of the month

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Q: Barotil Company provided the following information for the month of December: Balance per bank…

A: Given: The B company having the balance statement that includes 4,000,000 Balance per cash book…

Q: Timex company provided the following data relating to the cash transactions and bank account for the…

A: Introduction: Bank Reconciliation statement: To Reconcile the balances between Bank book and pass…

Q: Bigotry Company provided the following information:   Balance per book, August 31 2,000,000…

A:

Q: The Seattle First Company’s bank statement for the month of September indicated a balance of…

A: A bank reconciliation statement is prepared to match the bank balance shown in the books of accounts…

Q: You are the accountant for Georgia Company and you have recently received the bank statement for…

A: Bank reconciliation statement is prepared by almost every organization at a particular time. It is a…

Q: Taehyung Company reported a balance of P258,000 in its Cash account at the end of the month.  There…

A: Solution: Adjusted bank balance = Unadjusted bank balance + Deposit in transit - Outstanding checks…

Q: A Company's Checking account has a balance of $7,575 on its bank statement as of May 1. The bank…

A: Bank balance is also one of the asset for the business. Interest earned on bank deposit will be…

Q: 1 The company's bank statement shows a cash balance of $12,000. Comparing the company's cash records…

A: Pretax income is the excess of sales over cost of goods sold and all operating and non-operating…

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A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Q: Nickleson Company had an unadjusted cash balance of $6.351 as of May 31. The company's bank…

A: Formula: True cash balance = Unadjusted cash balance + notes collected by bank + revenues - service…

Q: NEVERMIND Company reported a balance of $43,000 in its Cash account at the end of the month. There…

A: The bank reconciliation statement is prepared to adjust the bank balance and book balance to make…

Q: Apex Company's bank statement for the month of September showed a balance per bank of S6,190. The…

A: Bank Reconciliation Statement: It is a statement prepared to reconcile the difference between the…

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A: The bank reconciliation statement is prepared to adjust the balances of cash book and pass book with…

Q: On May 2, 20X1, HPF Vacations received its April bank statement from First City Bank and Trust.…

A: Given :  NSF check = $ 160 Service fees = $ 6

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A: A cash disbursement is the payment of money in exchange for the delivery of goods or services. A…

Q: Bigger Company provided the following information: Balance per book, August 31 2,000,000 Book…

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Q: The Cash account of Gate City Security Systems reported a balance of $2,490 at December 31, 2024.…

A: Balance as per Bank :- $ 3810 Balance as per Books :- $ 2490

Q: edlam Company provided the following data for the month of December:…

A: Nov 30                   Dec 31 Cash in Bank Account Balance   2032000   3160000…

Q: debit memoranda accompany the bank statement: one for $9 was for service charges for the month; the…

A: BRS is the reconciliation of Pass book balance and Cash book balance.

Q: At July 31, Sunland Company has the following bank information: cash balance per bank $8,380,…

A: Adjusted cash balance per bank: Adjusted cash balance per bank  is calculated by making the…

Q: ABC Corporation recorded debits of P2,500,000 and credits of P2,450,000 in the Cash in Bank account…

A: The bank reconciliation statement is prepared to adjust the balances of cash book and pass book with…

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.