Ruth Sells is unable to reconcile the bank balance at January 31. Ruth's reconciliation is shown as follows. Cash balance per bank $4,592.20 Add: NSF check 585.00 Less: Bank service charge 38.50 Adjusted balance per bank $5.138.70 Cash balance per books $4,890.20 Less: Deposits in transit 579.50 Add: Outstanding checks 905.00 Adjusted balance per books $5,215.70 (a) What is the proper adjusted cash balance per bank? Proper adjusted cash balance per bank $ The following information pertains to Blossom Company. 1. Cash balance per bank, July 31, $7,888. 2. July bank service charge not recorded by the depositor $51. 3. Cash balance per books, July 31, $7,924, 4. 5. 6. Deposits in transit, July 31. $3,260. $2,576 collected for Blossom Company in July by the bank through electronic funds transfer. The collection has not been recorded by Blossom Company. Outstanding checks, July 31, $699. (a) Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.) BLOSSOM COMPANY Bank Reconciliation BLOSSOM COMPANY Bank Reconciliation > A new accountant at Sage Hill Inc. is trying to identify which of the following amounts should be reported as the current asset 'Cash and cash equivalents" in the year-end balance sheet, as of April 30, 2022. 1. $58 of currency and coin in a locked box used for incidental cash transactions. 2. A $10,500 U.S. Treasury bill, due May 31, 2022. 3. $270 of April-dated checks that Sage Hill has received from customers but not yet deposited. An $84 check received from a customer in payment of its April account, but postdated to May 1. $2,560 in the company's checking account. $6,640 in its savings account. 4. 5. 6. 7. $58 of prepaid postage in its postage meter. 8. A $28 IOU from the company receptionist. (a) What balance should Sage Hill report as its "Cash and cash equivalents" balance at April 30, 2022? Cash and cash equivalents balance at April 30, 2022 On July 31, 2022, Kingbird Company had a cash balance per books of $6.240. The statement from Dakota State Bank on that date showed a balance of $7,790.80. A comparison of the bank statement with the Cash account revealed the following facts. 23 1. The bank service charge for July was $24. 4. 5. 6. The bank collected $1.620.00 for Kingbird Company through electronic funds transfer. The July 31 receipts of $1,294.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $354 that cleared the bank in July was incorrectly entered in the cash payments record on July 10 for $345. Checks outstanding on July 31 totaled $1,933.10. On July 31, the bank statement showed an NSF charge of $675.00 for a check received by the company from W. Krueger, a customer, on account. (a) Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.) KINGBIRD COMPANY Bank Reconciliation (a) Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.) KINGBIRD COMPANY Bank Reconciliation > > > $ Bank Reconciation $ $