QUESTION 12 Brown Company's bank statement for September 30 showed: Bank statement balance $4,210 $6,560 Book...

  

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QUESTION 12 Brown Company's bank statement for September 30 showed: Bank statement balance $4,210 $6,560 Book balance of cash The following information was also available as of September 30: a. A customer's check for $950 marked NSF was returned to Brown Company by the bank. In addition, the bank charged the company's account a $30 processing fee. 6 points Save Answer b. The September 30 cash receipts, $6,000 were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement. c. Outstanding checks amounted to $3,910. d. A check for rent expense was written for $2,198 but by mistake was recorded in the accounting records as $2,918. Required: Prepare bank reconciliation as of September 30. Your Answer should be in the following format: Prepare bank reconciliation as of September 30. Your Answer should be in the following format: BROWN COMPANY Bank Reconciliation, September 30 Bank statement balance.......XXXX Add YYYYY.. Deduct YYYYY..... Total..... ...XXXX YYYYY....... Total...... ...XXX ..XXXX Book balance of cash..........XXXX Add.......... YYYYY.... Deduct .XXXX .XXXX ....XXX .XXXX 510 RO THENE10 (Mac) QUESTION 12 Brown Company's bank statement for September 30 showed: Bank statement balance $4,210 $6,560 Book balance of cash The following information was also available as of September 30: a. A customer's check for $950 marked NSF was returned to Brown Company by the bank. In addition, the bank charged the company's account a $30 processing fee. 6 points Save Answer b. The September 30 cash receipts, $6,000 were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement. c. Outstanding checks amounted to $3,910. d. A check for rent expense was written for $2,198 but by mistake was recorded in the accounting records as $2,918. Required: Prepare bank reconciliation as of September 30. Your Answer should be in the following format: Prepare bank reconciliation as of September 30. Your Answer should be in the following format: BROWN COMPANY Bank Reconciliation, September 30 Bank statement balance.......XXXX Add YYYYY.. Deduct YYYYY..... Total..... ...XXXX YYYYY....... Total...... ...XXX ..XXXX Book balance of cash..........XXXX Add.......... YYYYY.... Deduct .XXXX .XXXX ....XXX .XXXX 510 RO THENE10 (Mac)

Answer rating: 100% (QA)

Brown company Bank Reconciliation Statement as of September 30 Cash ba... View the full answer