Question
In: Accounting
The following information pertains to Cullumber Company. 1. Cash balance per books, August 31, $7,424. 2....
The following information pertains to Cullumber Company.
1. Cash balance per books, August 31, $7,424.
2. Cash balance per bank, August 31, $7,388.
3. Outstanding checks, August 31, $701.
4. August bank service charge not recorded by the depositor $53.
5. Deposits in transit, August 31, $3,360.
In addition, $2,676 collected for Cullumber Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Cullumber Company.
Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.)
Journalize the adjusting entries at August 31 on the books of Cullumber Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Solutions
ekkarill92 answered 2 years agoRelated Solutions
The following information pertains to Ghose Company. 1. Cash balance per bank, July 31, $8,569. 2....
The following information pertains to Ghose Company. 1. Cash
balance per bank, July 31, $8,569. 2. July bank service charge not
recorded by the depositor $62. 3. Cash balance per books, July 31,
$8,605. 4. Deposits in transit, July 31, $3,941. 5. Note for $3,241
collected for Ghose in July by the bank, plus interest $60 less fee
$44. The collection has not been recorded by Ghose, and no interest
has been accrued. 6. Outstanding checks, July 31, $710.
On October 31, 2021, Cullumber Company had a cash balance per books of $8,967. The bank...
On October 31, 2021, Cullumber Company had a cash balance per
books of $8,967. The bank statement on that date showed a balance
of $10,174. A comparison of the statement with the Cash account
revealed the following:
1.
The statement included debit memos of $54 for the printing of
additional company cheques and $49 for bank service charges.
2.
Cash sales of $528 on October 12 were deposited in the bank.
The journal entry to record the cash receipt and...
The following information pertains to Novak Corp.. 1. Cash balance per bank, July 31, $7,723. 2....
The following information pertains to Novak Corp..
1. Cash balance per bank, July 31, $7,723.
2. July bank service charge not recorded by the depositor
$34.
3. Cash balance per books, July 31, $7,744.
4. Deposits in transit, July 31, $1,730.
5. The bank collected $1,146 in July for Novak through
electronic funds transfer. The collection has not been recorded by
Novak.
6. Outstanding checks, July 31, $597.
Prepare a bank reconciliation at July 31.
The following information pertains to Sheridan Video Company. 1. Cash balance per bank, July 31, $7,943....
The following information pertains to Sheridan Video
Company.
1. Cash balance per bank, July 31, $7,943.
2. July bank service charge not recorded by the depositor
$37.
3. Cash balance per books, July 31, $7,964.
4. Deposits in transit, July 31, $1,840.
5. Bank collected $1,240 note for Sheridan in July, plus
interest $45, less fee $29. The collection has not been recorded by
Sheridan, and no interest has been accrued.
6. Outstanding checks, July 31, $600.
The following information pertains to Vaughn Video Company. 1. Cash balance per bank, July 31, $7,983....
The following information pertains to Vaughn Video
Company.
1.
Cash balance per bank, July 31,
$7,983.
2.
July bank service charge not
recorded by the depositor $36.
3.
Cash balance per books, July 31,
$8,004.
4.
Deposits in transit, July 31,
$1,860.
5.
Bank collected $1,260 note for
Vaughn in July, plus interest $44, less fee $28. The collection has
not been recorded by Vaughn, and no interest has been accrued.
6.
Outstanding checks, July 31,
$599.
Prepare a bank...
The following information pertains to Blue Spruce Corp.. 1. Cash balance per bank, July 31, $8,003....
The following information pertains to Blue Spruce Corp..
1.
Cash balance per bank, July 31,
$8,003.
2.
July bank service charge not
recorded by the depositor $36.
3.
Cash balance per books, July 31,
$8,024.
4.
Deposits in transit, July 31,
$1,870.
5.
The bank collected $1,286 in July
for Blue Spruce through electronic funds transfer. The collection
has not been recorded by Blue Spruce.
6.
Outstanding checks, July 31,
$599.
Prepare a bank reconciliation at July 31.
The following information pertains to the bank transactions of Crawford Company: A. Cash on the books...
The following information pertains to the bank transactions of
Crawford Company:
A.
Cash on the books as of September 30 was $1,299. Cash as shown
on the bank statement for the same date was $1,330.
B
Bank service charges for September amounted to $9.
C.
A deposit of $160, representing cash receipts of September 30,
did not appear on the bank statement.
D
An NSF check for $80 from a customer, Jack Betz, was returned
with the statement.
E.
Outstanding...
The following information pertains to the bank transactions of Crawford Company: A. Cash on the books...
The following information pertains to the bank transactions of
Crawford Company:
A. Cash on the books as of September 30 was $1,299. Cash, as
shown on the bank statement for the same date, was $1,330.
B Bank service charges for September amounted to $9.
C. A deposit of $160, representing cash receipts of September
30, did not appear on the bank statement.
D An NSF check for $80 from a customer, Jack Betz, was returned
with the statement.
E. Outstanding...
The following information is for Blossom Company: 1. Cash balance per bank, July 31, $8,836. 2....
The following information is for Blossom Company:
1. Cash balance per bank, July 31, $8,836.
2. July bank service charge not recorded by the depositor,
$28.
3. The bank erroneously charged another company’s $840 cheque
against Blossom’s account.
4. Cash balance per books, July 31, $10,541.
5. The bank charged Blossom’s account $420 for a customer’s NSF
cheque.
6. Deposits in transit, July 31, $2,640.
7. Blossom recorded a cash receipt for a cash sale from a
customer as $32....
A company has the following information. 1. Cash balance per bank, July 31, $7,328 2. July...
A company has the following information. 1. Cash balance per
bank, July 31, $7,328 2. July bank service charge on bank
statement, $40 3. Cash balance per company books, July 31, $7,280
4. Bank statement shows a Note Receivable of $2,000 plus $16 of
interest was collected by the bank. 5. Outstanding checks, July 31,
$772 6. Deposits in transit, July 31, $2,700 Compute the adjusted
cash balance per company books. Do not enter a dollar sign or any
commas.
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