explain the solution: ACCT 223 1) * Anderson Corporation had the following information for the month ended

explain the solution:

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ACCT 223 1) * Anderson Corporation had the following information for the month ended September 30, 2023: The balance per the company's general leder at 9/30 was $100,000. The balance per the bank statement as of 9/30 was $95,000. Deposits sent to the bank after hours totaled $5,000. * Checks issued but not yet cleared the bank totaled $1,000. * * 2) * * * * The bank charged Anderson Corp. a $50 fee for administrative expenses. The bank credited Anderson Corp. $150 in interest earned on their checking account. A customer's check for $100 was returned as an NSF check. A deposit for $3,000 was made but mistakenly recorded by the bank as $2,000. Prepare a Bank Reconcilation in proper format. What is the adjusted balance? Beg. Bal. Bal. per Books Bal. per Bank Stmt. Erikson Inc. had the following information for the month ended October 31, 2023: The balance per the company's general leder at 10/31 was $75,000 The balance per the bank statement as of 10/31 was $69,000 Deposits sent to the bank but not yet processed totaled $15,000. Checks issued but not yet cleared the bank totaled $12,000. The bank charged Erikson inc. a $100 fee for general business fees. The bank credited Erikson Inc. $300 in interest earned on their checking account. A customer's check for $2,300 was returned as an NSF check The accounting clerk at Erikson's erroroneously recorded a $5,400 check as $4,500 in the general ledger. Prepare a Bank Reconcilation in proper format. What is the adjusted balance? Beg. Bal. Bal. per Books Bal. per Bank Stmt. Fill in the blank with the correct answer 3. 4. Amounts yet to be received from customers for goods and services that have been provided by the entity on credit are called. Inventory is recorded on the balance sheet at the lower of 5. Examples of would be bank reconciliations, security cameras, passwords, and dual signatures. 6 HTM, AFS, and Trading are examples of 7. Accounts receivable are reported on the balance sheet at 8. Assets prepaid for in advance of the expense being used up are called_ ACCT 223 1) * Anderson Corporation had the following information for the month ended September 30, 2023: The balance per the company's general leder at 9/30 was $100,000. The balance per the bank statement as of 9/30 was $95,000. Deposits sent to the bank after hours totaled $5,000. * Checks issued but not yet cleared the bank totaled $1,000. * * 2) * * * * The bank charged Anderson Corp. a $50 fee for administrative expenses. The bank credited Anderson Corp. $150 in interest earned on their checking account. A customer's check for $100 was returned as an NSF check. A deposit for $3,000 was made but mistakenly recorded by the bank as $2,000. Prepare a Bank Reconcilation in proper format. What is the adjusted balance? Beg. Bal. Bal. per Books Bal. per Bank Stmt. Erikson Inc. had the following information for the month ended October 31, 2023: The balance per the company's general leder at 10/31 was $75,000 The balance per the bank statement as of 10/31 was $69,000 Deposits sent to the bank but not yet processed totaled $15,000. Checks issued but not yet cleared the bank totaled $12,000. The bank charged Erikson inc. a $100 fee for general business fees. The bank credited Erikson Inc. $300 in interest earned on their checking account. A customer's check for $2,300 was returned as an NSF check The accounting clerk at Erikson's erroroneously recorded a $5,400 check as $4,500 in the general ledger. Prepare a Bank Reconcilation in proper format. What is the adjusted balance? Beg. Bal. Bal. per Books Bal. per Bank Stmt. Fill in the blank with the correct answer 3. 4. Amounts yet to be received from customers for goods and services that have been provided by the entity on credit are called. Inventory is recorded on the balance sheet at the lower of 5. Examples of would be bank reconciliations, security cameras, passwords, and dual signatures. 6 HTM, AFS, and Trading are examples of 7. Accounts receivable are reported on the balance sheet at 8. Assets prepaid for in advance of the expense being used up are called_