Required information [The following information applies to the questions displayed below.] The April 30 bank statement...
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Required information [The following information applies to the questions displayed below.] The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance Balance, April $6,900 1 April 5 April 9 April 12 April 19 April 22 # 101 $ 850 6,050 9,450 9,190 8,390 6,790 $3,400 # 102 #103 260 800 #104 1,600 EFT $320 6,470 April 27 payment NSF check 6,310 April 29 160 Service 6,279 April 30 31 charge Cash (A) 6,900 Balance April 1 # 101 April 2 3,400 850 April 8 #102 April 10 850 260 April 28 April 15 #103 800 April 20 #104 1,700 April 29 #105 480 7,060 April 30 Balance No outstanding checks and no deposits in transit were noted in March. However, there are deposits in transit and checks outstanding at the end of April. The EFT involved an automatic monthly payment to one of KMaxx's creditors. Check #104 was written for $1,700. The NSF check had been received from a customer. What should the balance in the Cash account be after recording the journal entries in 3. part 2? Balance in Cash Account Required information [The following information applies to the questions displayed below.] The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance Balance, April $6,900 1 April 5 April 9 April 12 April 19 April 22 # 101 $ 850 6,050 9,450 9,190 8,390 6,790 $3,400 # 102 #103 260 800 #104 1,600 EFT $320 6,470 April 27 payment NSF check 6,310 April 29 160 Service 6,279 April 30 31 charge Cash (A) 6,900 Balance April 1 # 101 April 2 3,400 850 April 8 #102 April 10 850 260 April 28 April 15 #103 800 April 20 #104 1,700 April 29 #105 480 7,060 April 30 Balance No outstanding checks and no deposits in transit were noted in March. However, there are deposits in transit and checks outstanding at the end of April. The EFT involved an automatic monthly payment to one of KMaxx's creditors. Check #104 was written for $1,700. The NSF check had been received from a customer. What should the balance in the Cash account be after recording the journal entries in 3. part 2? Balance in Cash Account
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Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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