Using the following information, prepare a bank reconciliation for Hintz Company for July 31, 2017. a. The
Question:
Using the following information, prepare a bank reconciliation for Hintz Company for July 31, 2017.
a. | The bank statement balance is $3,506. | ||
b. | The cash account balance is $3,930. | ||
c. | Outstanding checks totaled $1,285. | ||
d. | Deposits in transit are $1,670. | ||
e. | The bank service charge is $30. | ||
f. | A check for $98 for supplies was recorded as $89 in the ledger. |
Hintz Company Bank Reconciliation July 31, 2017 | |||||
Federal Tax DepositsOutstanding ChecksCheck for Supplies ErrorBank Service ChargeAdjusted Cash Balance Per BooksAdjusted Cash Balance Per BankCash Balance Per BankDeposit in Transit | $ | ||||
Add Less :Outstanding ChecksCheck for Supplies ErrorFederal Tax DepositsAdjusted Cash Balance Per BooksBank Service ChargeAdjusted Cash Balance Per BankCash Balance Per BankDeposit in Transit | |||||
Less Add :Bank Service ChargeCheck for Supplies ErrorFederal Tax DepositsAdjusted Cash Balance Per BankAdjusted Cash Balance Per BooksDeposit in TransitOutstanding ChecksCash Balance Per Bank | |||||
Outstanding ChecksAdjusted Cash Balance Per BankAdjusted Cash Balance Per BooksCheck for Supplies ErrorCash Balance Per BankDeposit in TransitFederal Tax DepositsBank Service Charge | $ | ||||
Adjusted Cash Balance Per BankBank Service ChargeCash Balance Per BooksFederal Tax DepositsOutstanding ChecksDeposit in TransitCheck for Supplies ErrorAdjusted Cash Balance Per Books | $ | ||||
Less Add : | |||||
Cash Balance Per Books Adjusted Cash Balance Per Bank Adjusted Cash Balance Per Books Bank Service Charge Deposit in Transit Federal Tax Deposits Check for Supplies Error Outstanding Checks | $ | ||||
Cash Balance Per Books Bank Service Charge Deposit in Transit Adjusted Cash Balance Per Books Check for Supplies Error Outstanding Checks Federal Tax Deposits Adjusted Cash Balance Per Bank | |||||
Bank Service ChargeAdjusted Cash Balance Per BooksCheck for Supplies ErrorFederal Tax DepositsAdjusted Cash Balance Per BankCash Balance Per BooksDeposit in TransitOutstanding Checks | $ |
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso