.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take&inprogress-false R7-4A Caloulator eBook Bank reconciliation and entries EET ns Bank Reconcilation Journal EET The ca h rt tr Coastal Bike Co. at October 1, 20Y9, indicated a balance of S5.140. During October, the total cash deposited was saa 175, and checks written totaled $40.520. The bank.satement indicated a baiance of $8,980 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the tollowing reconciling items Aecs outstanding totaled $5,560 B. A deposit of $1,050 representing receipts of October 31, had been made too late to appear on the bank statement C. The bank had colected for Coastal Bike Co. $2,120 on a note left for collection. The tace of the note was $2,000 D A cheok for $370 returned with the statement had been incorrectly charged by the bank as $730 in E. A check for $310 retumed with the statement had been recorded by Coastal Bike Co. as $130. The check was for the payment of an obligation to Rack Pro Co. on account F Bank service charges for October amounted to $25 G. A check for $880 from Bay View Condos was returned by the bank due to insufficient tunds. Check My Work Previous Save and Exit Submit Assignment for Grading 18 Instructions 1. Prepare a bank reconciliation as of October 31, 20Y9. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 2. Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles. 3. If a balance sheet were pepared for Coastal Bike Co. on October 31, 20Y9, what amount should be reported as cash? Chapter 7: PR 7-3A, PR 7-4A eBook Show Me How Calculator Bank 1. Prepare a bank reconcillation as of October 31, 20Y9. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Coastal Bike Co. Bank Reconciliation October 31, 20Y9 1Cash balance according to bank statement 2 Adjustments Deposit of October 31, not recorded by bank 4Bank error in charging check as $730 instead of $370 Outstanding checks Total adjustments 7 Adjusted balance 1 Chapter 7: PR 7-3A, PR 7-4A eBook Show Me How Calculator Bank Reconciliation Bank error in charging check as $730 instead of $370 4 Outstanding checks s Total adjustments 7 Adjusted balance Cash balance according to company's records 9 10 Adjustments Proceeds of note collected by bank, including $120 interest 12 Error in recording check Bank service charges 13 Check returned because of insufficient funds 14 15 Total adjustments 16 Adjusted balance Bank ReconciliationJournal Bank R 2. Jounalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL ACCOUNTING EQUATION Cash balance according to bank statement 1 2 Adjustments: Deposit of October 31, not recorded by bank 4 Bank error in charging check as $730 instead of $370 Outstanding checks 6 Total adjustments 7 Adjusted balance Check My Work Save an Assignment Score: 0.0% 18 2. Jounalize the necessary entries. Refer to the Chart of Accounts for exact wording of account tles. PAGE 1 JOURNAL ACCOUNTING EQUATION Cash balance according to company's records 9 10 Adjustments: Error in recording check Bank service charges 1s Check returned because of insufficient funds 14 1s Total adjustments 6 Adjusted balance Check My Work Save and Assignment Score: 0.0% 18 .com/ilrn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take&inprogress-false R7-4A Caloulator eBook Bank reconciliation and entries EET ns Bank Reconcilation Journal EET The ca h rt tr Coastal Bike Co. at October 1, 20Y9, indicated a balance of S5.140. During October, the total cash deposited was saa 175, and checks written totaled $40.520. The bank.satement indicated a baiance of $8,980 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the tollowing reconciling items Aecs outstanding totaled $5,560 B. A deposit of $1,050 representing receipts of October 31, had been made too late to appear on the bank statement C. The bank had colected for Coastal Bike Co. $2,120 on a note left for collection. The tace of the note was $2,000 D A cheok for $370 returned with the statement had been incorrectly charged by the bank as $730 in E. A check for $310 retumed with the statement had been recorded by Coastal Bike Co. as $130. The check was for the payment of an obligation to Rack Pro Co. on account F Bank service charges for October amounted to $25 G. A check for $880 from Bay View Condos was returned by the bank due to insufficient tunds. Check My Work Previous Save and Exit Submit Assignment for Grading 18 Instructions 1. Prepare a bank reconciliation as of October 31, 20Y9. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 2. Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles. 3. If a balance sheet were pepared for Coastal Bike Co. on October 31, 20Y9, what amount should be reported as cash? Chapter 7: PR 7-3A, PR 7-4A eBook Show Me How Calculator Bank 1. Prepare a bank reconcillation as of October 31, 20Y9. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Coastal Bike Co. Bank Reconciliation October 31, 20Y9 1Cash balance according to bank statement 2 Adjustments Deposit of October 31, not recorded by bank 4Bank error in charging check as $730 instead of $370 Outstanding checks Total adjustments 7 Adjusted balance 1 Chapter 7: PR 7-3A, PR 7-4A eBook Show Me How Calculator Bank Reconciliation Bank error in charging check as $730 instead of $370 4 Outstanding checks s Total adjustments 7 Adjusted balance Cash balance according to company's records 9 10 Adjustments Proceeds of note collected by bank, including $120 interest 12 Error in recording check Bank service charges 13 Check returned because of insufficient funds 14 15 Total adjustments 16 Adjusted balance Bank ReconciliationJournal Bank R 2. Jounalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL ACCOUNTING EQUATION Cash balance according to bank statement 1 2 Adjustments: Deposit of October 31, not recorded by bank 4 Bank error in charging check as $730 instead of $370 Outstanding checks 6 Total adjustments 7 Adjusted balance Check My Work Save an Assignment Score: 0.0% 18 2. Jounalize the necessary entries. Refer to the Chart of Accounts for exact wording of account tles. PAGE 1 JOURNAL ACCOUNTING EQUATION Cash balance according to company's records 9 10 Adjustments: Error in recording check Bank service charges 1s Check returned because of insufficient funds 14 1s Total adjustments 6 Adjusted balance Check My Work Save and Assignment Score: 0.0% 18