What is the amount of outstanding checks at the end of November? At the end of December?
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Q: correct cash balance at the end of the month
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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?
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- 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 isIn 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 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.
- 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 $10,150 in December. What is the amount of outstanding checks at the end of November? At the end of December? November December The amount of outstanding checks 2$ 2$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. $24,850At 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.
- For the month of July, Adam Company had the following information: bank service charge for July, P16,500, “NSF” check, P40,000. Upon review of its records, Adam determined the following: deposit in transit P143,000, outstanding checks P110,000 and an unrecorded customer check of P38,500. If the cash in bank balance per ledger is P920,000, how much is the adjusted balance?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 AnswerHenry 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…
- Hathaway Company’s general ledger shows a cash account balance of $23,290 on July 31, 2024. Cash sales of $1,839 for the last three days of the month have not yet been deposited. The bank statement dated July 31 shows bank service fees of $51 and an NSF check from a customer of $310. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling $1,470. The bank statement shows a balance of $22,560 on July 31. Required: 1. Prepare a bank reconciliation to calculate the correct balance of cash on July 31, 2024. 2. Record the necessary entry(ies) to adjust the balance for cash.Green Valley Bank sent Comstock Industries its end-of-month bank statement for July. The end of month balance by the bank is $11,237. The statement shows that a deposit for $4,250 is in transit at the end of the statement period. The statement also revealed that checks for $87, $105, and $95 are outstanding. Green Valley collected a $4,000 note receivable plus $120 of interest revenue. The bank charges $20 for the collection service. The bank charges a monthly account fee of $35. The end-of-month balance per company books is $11,135. Question Content Area a. Prepare a bank reconciliation. Comstock Industries Bank Reconciliation July 31 Line Item Description Amount Amount Cash balance according to bank statement $Cash balance according to bank statement Deduct: Deposits in transit Deduct: Outstanding checks Adjusted balance $Adjusted balance Cash balance according to company's records $Cash balance according to company's records Add: Note and interest collected by bank $Deduct:…The following selected data were taken from the bank statement and cash records of Taehyung V for the months of November and December 2020. December receipts recorded in the books amounted to P482,750 and checks written during the same period were P405,500. November bank service charges of P2,000 were recorded in the books in December. A debit memo for a customer’s NSF check for P5,800 is included in the December bank statement. Outstanding checks at November 30 and December 31 were P63,000 and P75,500, respectively. How much is the unadjusted cash disbursements per bank statement during the month of December?