Question: Question C: For question C I keep I've tried 5700 and 4600 but it is still wrong. a. Munster Company's May 31 bank reconciliation shows

Question C: For question C I keep I've tried 5700 and 4600 but it is still wrong.

Question C: For question C I keep I've tried 5700 and 4600

a. Munster Company's May 31 bank reconciliation shows deposits in transit of $1,400. The genera ledger Cash in Bank account shows total cash receipts during June of $55,600. The June bank statement shows total cash deposits of $54,300 (and no credit memos). What amount of deposits transit should appear in the June 30 bank reconciliation? b. Sanders Company's August 31 bank reconciliation shows outstanding checks of $1,850. The general ledger Cash in Bank account shows total cash disbursements (all by check) during September of $49,800. The September bank statement shows $49,200 of checks clearing the ban What amount of outstanding checks should appear in the September 30 bank reconciliation? c. Burkle Corporation's March 31 bank reconciliation shows deposits in transit of $700. The gener ledger Cash in Bank account shows total cash receipts during April of $41,000. The April bank statement shows total cash deposits of $37,100 (including $1,100 from the collection of a note; th note collection has not yet been recorded by Fremont). What amount of deposits in transit should appear in the April 30 bank reconciliation? a. $ 2,700 b. $ 2,450 c. $ 5,700

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!