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he casa account for Coastal Bike Co at October 1, 20Y9, indicated a balance of $32,527. During October, the total cash deposited was $139,121, and

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he casa account for Coastal Bike Co at October 1, 20Y9, indicated a balance of $32,527. During October, the total cash deposited was $139,121, and ched ndicated a balance of $43,660 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records a. Checks outstanding totaled $6,625 D A deposit of $1,888 representing receipts of October 31 , had been made too late to appear on the bank statement. c. The bank had collected for Coastal Bike Co $5,250 on a note left for collection. The face of the note was $5,000 d A check for $260 returned with the statement had been incorrectly charged by the bank as $620 e A check for $410 returned with the statement had been recorded by Coastal Bike Co as $140 The check was for the payment of an obigation to Rack Pro Co on account 1 Bank service charges for October amounted to $37 9. Acheck for $1.418 from Bay View Condos was returned by the bank due to insufficient funds Instructions negat ie numbers use a minus sign 2. Now tha ze the necessary enties Re'es to the Chart o' Accounts tor exact word ng of account thes Er 1,20v9 indicated a balance of $32,527. During October, the total cash deposited was $139,121, and checks written totaled $135,890 The 20y9 Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items is of Oclober 31 , had been made too late to appear on the bank statement Co $5.250 on a note left for collection. The face of the note was $5.000 ement had been incorrectly charged by the bank as $620 ement had been recorded by Coastal Bike Co as $140 The check was for the payment of an obligation unted to 537 dos was returned by the bank due to insufficient funds Wower 3t rovg Re'et to the Amount Descriptions st provited for the exact word ng of the answer Wect * wastumatica y acpear it is equ ed For those doxes in which you must enter subtracted or a Checks outstanding totaled $6,625 b. A deposit of $1,888 representing receipts of October 31 , had been made too late to appear on the bank statement c. The bank had collected for Coastal Bike Co $5,250 on a note left for collection. The face of the note was $5,000 d A check for $260 returned with the statement had been incorrectly charged by the bank as $620 e A check for $410 returned with the statement had been recorded by Coastal Bike Co as $140 The check was for the payment of an obilgation to Rack Pro Co on account f Bank service charges for October amounted to $37 g Acheck for $1,418 from Bay View Condos was returned by the bank due to insufficient funds Instructions 1 Prepare a bank reconc at on as o' October 31,20V9 Refer to the Amount Descriptions st pro nded tor the exact word ng of the ansiver choces for text entres "Add" 8 "Deduct "iwi automatica iy appear tt is requ red For hose boxes in which you must enter subtracted or negat ve numbers use a minus sign 2 Jouma ze the necessary entres Re'er to the Chart o' Accounts for exact word ng of account tiles 1 If a ba ance sneet we e prepared for Coastal Eke Co on Octover 31.20rg what amount sncud be reoorted as casn?? b. A deposit of $1,888 representing receipts of October 31 , had been made too late to appear on the bank statement c. The bank had collected for Coastal Bike Co $5,250 on a note left for collection The face of the note was $5,000 d A check for $260 returned with the statement had been incorrectly charged by the bank as $620 - A check for $410 returned with the statement had been recorded by Coastal Bike Co as $140 The check was for the payment of an obigation to Rack Pro Co on account f Bank service charges for October amounted to $37 g A check for $1,418 from Bay View Condos was returned by the bank due to insufficient funds Instructions 1 Prepare a bank reconciliation as of October 31, 20 Y9 Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entres "Add " \& "Deduct "will automatically appear if it is required For those boxes in which you must enter subtracted or negative numbers use a minus sign 2 Journaize the necessary entnes Refer to the Chart of Accounts for exact wording of account titles 3 If a balance sheet were prepared for Coastal Bike Co on October 31,20Y9 what amount should be reported as cash? Coastal Bike Co. General Ledger Chart of Accounts 112 Accounts Recelvable-Bay View Condos \begin{tabular}{|ll} 131 Notes Recelvable & EXPENsES \\ 141 Merchandise Inventory & 510 Cost of Merchandise Sold \\ 145 Office Supplies & 515 Credit Card Expense \\ 146 Store Supplies & 516 Cash Short and Over \\ 151 Prepaid Insurance & 520 Salaries Expense \\ 181 Land & 531 Advertising Expense \\ 191 Office Equipment & 532 Delivery Expense \\ 192 Accumulated Depreciation-Office Equipment & 533 insurance Expense \\ 193 Store Equipment & 534 Omice Supplies Expense \\ 194 Accumulated Depreciation-Store Equipment & 535 Rent Expense \\ & 536 Repairs Expense \\ LIABILITIES & 537 Selling Expenses \\ 211 Accounts Payable-Rack Pro Co & 536 Store Supplies Expense \\ 221 Notes Payable & 561 Depreciation Expense-Ofice Equipment \\ 222 interest Payable & 562 Depreciation Expense-Store Equ pment \end{tabular} 192AccumulatedDepreciation-OmiceEquipment193StoreEquipment194AccumulatedDepreciation-StoreEquipmentLIABILITIES211AccountsPayable-RackProCo221NotesPayable222InterestPayable231SalariesPayable241SalesTaxPayable533InsuranceExpense534OiriceSuppliesExpense535RentExpense536RepairsExpense537SellingExpenses538StoreSuppliesExpense561DepreciationExpense-OfficeEquipment562DepreciationExpense-StoreEquipment590MiscellaneousExpense710InterestExpense EQUITY 310 Common Stock 311 Retained Eamings 312 Dividends Bank error in charging check as $620 instead of $26 Bank service charges Check returned because of insufficient funds Deposit in transit on October 31 Error in recording check Note collected by bank, including $250 interest Outstanding checks Total additions Total deductions 1. Prepare a bank reconciliation as of October 31,20Y9. Refer to the Amount Descriptions list provided for the exact wording of the answe if it is required For those boxes in which you must enter subtracted or negative numbers use a minus sign Coastal Bike Co Bank Reconciliation October 31, 20Y9 1 Cash balance according to bank statement Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Add" \& "Deduct " will automaticaliy appear negative numbers use a minus sign Coastal Bike Co. Bank Reconciliation October 31, 20 Y9 1 Cash balance according to bank statement 2 5 4 5 1. Cash balance according to company's records 2 Journaize the necessary entries. Refer to the Chart of Accounts for exact wording of account tities 3 if a baiance sheet were prepared for Coastal Bike Co on October 31, 20y9, what amount should be reported as cash? he casa account for Coastal Bike Co at October 1, 20Y9, indicated a balance of $32,527. During October, the total cash deposited was $139,121, and ched ndicated a balance of $43,660 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records a. Checks outstanding totaled $6,625 D A deposit of $1,888 representing receipts of October 31 , had been made too late to appear on the bank statement. c. The bank had collected for Coastal Bike Co $5,250 on a note left for collection. The face of the note was $5,000 d A check for $260 returned with the statement had been incorrectly charged by the bank as $620 e A check for $410 returned with the statement had been recorded by Coastal Bike Co as $140 The check was for the payment of an obigation to Rack Pro Co on account 1 Bank service charges for October amounted to $37 9. Acheck for $1.418 from Bay View Condos was returned by the bank due to insufficient funds Instructions negat ie numbers use a minus sign 2. Now tha ze the necessary enties Re'es to the Chart o' Accounts tor exact word ng of account thes Er 1,20v9 indicated a balance of $32,527. During October, the total cash deposited was $139,121, and checks written totaled $135,890 The 20y9 Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items is of Oclober 31 , had been made too late to appear on the bank statement Co $5.250 on a note left for collection. The face of the note was $5.000 ement had been incorrectly charged by the bank as $620 ement had been recorded by Coastal Bike Co as $140 The check was for the payment of an obligation unted to 537 dos was returned by the bank due to insufficient funds Wower 3t rovg Re'et to the Amount Descriptions st provited for the exact word ng of the answer Wect * wastumatica y acpear it is equ ed For those doxes in which you must enter subtracted or a Checks outstanding totaled $6,625 b. A deposit of $1,888 representing receipts of October 31 , had been made too late to appear on the bank statement c. The bank had collected for Coastal Bike Co $5,250 on a note left for collection. The face of the note was $5,000 d A check for $260 returned with the statement had been incorrectly charged by the bank as $620 e A check for $410 returned with the statement had been recorded by Coastal Bike Co as $140 The check was for the payment of an obilgation to Rack Pro Co on account f Bank service charges for October amounted to $37 g Acheck for $1,418 from Bay View Condos was returned by the bank due to insufficient funds Instructions 1 Prepare a bank reconc at on as o' October 31,20V9 Refer to the Amount Descriptions st pro nded tor the exact word ng of the ansiver choces for text entres "Add" 8 "Deduct "iwi automatica iy appear tt is requ red For hose boxes in which you must enter subtracted or negat ve numbers use a minus sign 2 Jouma ze the necessary entres Re'er to the Chart o' Accounts for exact word ng of account tiles 1 If a ba ance sneet we e prepared for Coastal Eke Co on Octover 31.20rg what amount sncud be reoorted as casn?? b. A deposit of $1,888 representing receipts of October 31 , had been made too late to appear on the bank statement c. The bank had collected for Coastal Bike Co $5,250 on a note left for collection The face of the note was $5,000 d A check for $260 returned with the statement had been incorrectly charged by the bank as $620 - A check for $410 returned with the statement had been recorded by Coastal Bike Co as $140 The check was for the payment of an obigation to Rack Pro Co on account f Bank service charges for October amounted to $37 g A check for $1,418 from Bay View Condos was returned by the bank due to insufficient funds Instructions 1 Prepare a bank reconciliation as of October 31, 20 Y9 Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entres "Add " \& "Deduct "will automatically appear if it is required For those boxes in which you must enter subtracted or negative numbers use a minus sign 2 Journaize the necessary entnes Refer to the Chart of Accounts for exact wording of account titles 3 If a balance sheet were prepared for Coastal Bike Co on October 31,20Y9 what amount should be reported as cash? Coastal Bike Co. General Ledger Chart of Accounts 112 Accounts Recelvable-Bay View Condos \begin{tabular}{|ll} 131 Notes Recelvable & EXPENsES \\ 141 Merchandise Inventory & 510 Cost of Merchandise Sold \\ 145 Office Supplies & 515 Credit Card Expense \\ 146 Store Supplies & 516 Cash Short and Over \\ 151 Prepaid Insurance & 520 Salaries Expense \\ 181 Land & 531 Advertising Expense \\ 191 Office Equipment & 532 Delivery Expense \\ 192 Accumulated Depreciation-Office Equipment & 533 insurance Expense \\ 193 Store Equipment & 534 Omice Supplies Expense \\ 194 Accumulated Depreciation-Store Equipment & 535 Rent Expense \\ & 536 Repairs Expense \\ LIABILITIES & 537 Selling Expenses \\ 211 Accounts Payable-Rack Pro Co & 536 Store Supplies Expense \\ 221 Notes Payable & 561 Depreciation Expense-Ofice Equipment \\ 222 interest Payable & 562 Depreciation Expense-Store Equ pment \end{tabular} 192AccumulatedDepreciation-OmiceEquipment193StoreEquipment194AccumulatedDepreciation-StoreEquipmentLIABILITIES211AccountsPayable-RackProCo221NotesPayable222InterestPayable231SalariesPayable241SalesTaxPayable533InsuranceExpense534OiriceSuppliesExpense535RentExpense536RepairsExpense537SellingExpenses538StoreSuppliesExpense561DepreciationExpense-OfficeEquipment562DepreciationExpense-StoreEquipment590MiscellaneousExpense710InterestExpense EQUITY 310 Common Stock 311 Retained Eamings 312 Dividends Bank error in charging check as $620 instead of $26 Bank service charges Check returned because of insufficient funds Deposit in transit on October 31 Error in recording check Note collected by bank, including $250 interest Outstanding checks Total additions Total deductions 1. Prepare a bank reconciliation as of October 31,20Y9. Refer to the Amount Descriptions list provided for the exact wording of the answe if it is required For those boxes in which you must enter subtracted or negative numbers use a minus sign Coastal Bike Co Bank Reconciliation October 31, 20Y9 1 Cash balance according to bank statement Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Add" \& "Deduct " will automaticaliy appear negative numbers use a minus sign Coastal Bike Co. Bank Reconciliation October 31, 20 Y9 1 Cash balance according to bank statement 2 5 4 5 1. Cash balance according to company's records 2 Journaize the necessary entries. Refer to the Chart of Accounts for exact wording of account tities 3 if a baiance sheet were prepared for Coastal Bike Co on October 31, 20y9, what amount should be reported as cash

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