Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Brown Company's a statement for September 30 showed Barn statements balance Book halance of cash $3,724 6.387 The following information was also avalatie as of

Brown Company's a statement for September 30 showed Barn statements balance Book halance of cash $3,724 6.387 The following information was also avalatie as of September 30 A customer's check for $3,000 marked NSF was returned to Brown Company by the bank In addition, the bank charged the company's $100 processing fee The September 30 cash receipts, $100 were placed in the bank's night depository after banking hours on that date and this amount did not on the September 30 bank statement. e Outstanding checks amounted to $201. d. A check for rent expense was written for $326 bit by mistake was recorded in the accounding records as 5632 Required Prepare bank reconciliation as of September 30 Your Answer should be in the following format Question Completion Status: Your Answer should be in the following format: BROWN COMPANY Bank Reconciliation, September 30 Bank statement balance.......XXXX Add YYYYY........ Deduct YYYYY.... Total..... ..XXXX .XXX .XXXX Book balance of cash..........XXXX Add......... YYYYY.... Deduct YYYYY....... Total........ ...XXXX .XXXX ..XXX .XXXX For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 12 Brown Company's bank statement for September 30 showed Bank statement balance Book balance of cash $3,724 $6,387 The following information was also available as of September 30 a A customer's check for $3,000 marked NSF was returned to Brown Company by the bank. In addition, the bank charged the company's accounta $100 processing fee. b. The September 30 cash receipts, $160 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 $291 d. A check for rent expense was written for $326 but by mistake was recorded in the accounting records as $632 Required: Prepare bank reconciliation as of September 30. Your Answer should he in the fallnuina farmasi

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Double Entry Exercises 40 Full Cycle Accounting Cases With Solutions

Authors: L Castelluzzo

1st Edition

1731173954, 978-1731173959

More Books

Students also viewed these Accounting questions

Question

Analyse the various techniques of training and learning.

Answered: 1 week ago