A bank reconciliation from Ware, Inc. is provided here. Cash balance per bank statement Add: Deposits...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A bank reconciliation from Ware, Inc. is provided here. Cash balance per bank statement Add: Deposits in transit Less: Outstanding checks Adjusted cash balance per bank Cash balance per books Add: Electronic funds transfer received $2,700 Interest earned 40 Less: NSF check-J. King Bank charges Adjusted cash balance per books 460 30 $18,750 2,180 20,930 1.130 19,800 17,550 2,740 20,290 490 $19,800 Prepare all necessary journal entries as a result of the bank reconciliation. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) A bank reconciliation from Ware, Inc. is provided here. Cash balance per bank statement Add: Deposits in transit Less: Outstanding checks Adjusted cash balance per bank Cash balance per books Add: Electronic funds transfer received $2,700 Interest earned 40 Less: NSF check-J. King Bank charges Adjusted cash balance per books 460 30 $18,750 2,180 20,930 1.130 19,800 17,550 2,740 20,290 490 $19,800 Prepare all necessary journal entries as a result of the bank reconciliation. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Expert Answer:
Answer rating: 100% (QA)
Electronic Funds Transfer Received Debit Cash Cash balance per books 27... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
This information relates to the Cash account in the ledger of Oriole Company. Balance September 1$17,190; Cash deposited$64,000 Balance September 30$18,390; Checks written$62,800 The September bank...
-
Goodtimes Ltd has had a very successful trading period. The directors decide that the profits should be used to offer to purchase back some of their shares held by the members. The directors wish to...
-
According to a recent survey of SA households, the probability that the residents of a household own two cars if their annual household income is over Rs. 1,50,000 is 60%. Of the households surveyed,...
-
How to drive target audience or people of Cineplex to movie theaters? Come up with a campaigns with big idea about Cineplex
-
Determine the magnitudes of the projected components of the force F = 300 N acting along the x and yaxes. -300 N 300 mm 300 mm S00 mig
-
Use Equation (13.4), repeated below, to demonstrate how an increase in the budget deficit must increase the trade deficit if neither consumption nor investment changes. What must happen if there is...
-
A metal detector can detect the presence of metal screws used to repair a broken bone inside the body. This tells us that A. The screws are made of magnetic materials. B. The tissues of the body are...
-
Cindy Bagnal, the manager of Cayce Printing Service, has provided you with the following aging schedule for Cayce's accounts receivable: Cindy indicates that the $126,700 of accounts receivable...
-
Scenario 10: Busy Times Your grandparents are visiting from out of town and are excited to see your new business f themselves. After a few minutes of greetings, they mention that they have been...
-
Consider a market where there are N rational traders. All of these traders have CARA preferences with risk aversion parameter = .5. They are considering a stock that will pay a terminal dividend in...
-
Physics help? In outer space a rock with mass 4 kg, and velocity < 4000, -3200, 2800 > m/s, struck a rock with mass 17 kg and velocity < 240, -310, 180 > m/s. After the collision, the 4 kg rock's...
-
In ONE paragraph, (i) describe to the lecturer about your experience during the impromptu speech done. (ii) Compare between your confidence level at the beginning of the semester and now. Is there an...
-
What is the output of the following code? #include using namespace std; void FillArray(int a[]; int aSize) { for (int i = 0; i < aSize; i++) a[i] = i; } int main() { const int size = 5; int b[size]...
-
Create a fictional negative review for the product that you recently ordered in an e-commerce website. It must be a Negative review and how do you advise the website to improve.
-
For this assignment, recount a time when you engaged in Groupthink with one of your cultural groups. Make certain that you tell the name of the cultural group in the story, the situation you were in,...
-
Show the results of inserting the following sequence of numbers into a binary search tree (3,7,4,9,6,1,5,2,0,8).
-
The volatility (sigma) of a stock is 54% per annum. We will model stock-price movements using a Binomial tree, where each branch of the tree has a step length (delta t) of 3 months. Calculate the...
-
Find the numerical value of each expression. (a) sech 0 (b) cosh -1 1
-
On January 1, 2010, Leyland Inc. had these stockholder equity balances. Common Stock , $1 par (1,000,000 shares authorized; 500,000 shares issued and outstanding) .....$ 500,000 Paid-in Capital in...
-
Data for Rivera Company are presented in P12-7B. Further analysis reveals the following. 1. Accounts payable pertains to merchandise creditors. 2. All operating expenses except for depreciation are...
-
Rally Corporations management wants to maintain a minimum monthly cash balance of $9,000. At the beginning of September the cash balance is $12,300; expected cash receipts for September are $97,200;...
-
The financial statements for the business of Jets Ski Equipment are shown below. Additional information 1. All purchases and sales of inventories are on credit. 2. On 1 July 2019, J. Waters injected...
-
Some of the most recent financial statements for Hyland Pty Ltd are shown below. Additional information 1. All purchases and sales of inventories are on credit. 2. On 1 July 2020, the shareholders...
-
The comparative statements of financial position of Cresta Ltd as at 30 June 2019 and 2020, and the income statement and statement of changes in equity for the year ended 30 June 2020 are shown...
Study smarter with the SolutionInn App