{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T01:28:53-04:00", "answer_date": "2024-06-29 01:28:53", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4439393", "url": "\/study-help\/questions\/instructions-template-i-i-i-the-abc-company-4439393", "question_creation_date_js": "2024-06-29T01:28:53-04:00", "question_creation_date": "Jun 29, 2024 01:28 AM", "meta_title": "[Solved] instructions Template \\\\ i i | i The ABC | SolutionInn", "meta_description": "Answer of - instructions Template \\\\ i i | i The ABC Company maintains a general checking operating account at the WH Bank. W&H pr | SolutionInn", "meta_keywords": "instructions,template,abc,company,maintains,general,checking,operating,account,wh,bank,h", "question_title_h1": "instructions Template i i | i The ABC Company maintains a general checking operating account at the WH Bank. W&H provides a bank statement", "question_title": "instructions Template i i | i The ABC Company maintains a", "question_title_for_js_snippet": "instructions Template i i i The ABC Company maintains a general checking operating account at the WH Bank W H provides a bank statement and canceled checks once a month The cutoff date is the last day of the month The bank statement for the month of November is summarized as follows Bank balance November 1, 2021 578,941 21 Deposits (via wires and checks) 926,580 37 Checks and wires processed (625,789 69i Monthly bank service fees (55 00) Wire fees (65 00) Payment on note payable (35,000100) NSF checks (1500 251 Bank balance November 30, 2021 839 111 64 1 J The ABC's general ledger cash account has a preliminary book balance of $799,156 24 at the end of November A review of the company records and the bank statements shows the following timing differences 1 The total manual deposits for November per the general ledger were $716,580 37 The last deposit of $210,000 submitted on November 30th did not clear the bank until November 1st 2 Checks written in November and recorded in the ABC's records that did not clear the bank as of November 30th totaled $400,620 25 3 The transfer to the operating account from the company's savings account processed on November 30 cleared the bank on November 1 $110,044 60 125 T View Zoom Add Category Insert Table Chart Text Shape Media Comment Collaborate Format Organize Instructions Template ABC, Inc Operating cash account November 30, 2021 1 Record all transaction that appear on the bank statements but are not recorded on the books Preliminary book operating account balance at November 30, 2021 GL account Debit Credit Less bank fees record on books Less wire fees record on books Less payment on note payable record on books Less NSF checks included in deposits record on books Adjusted operating account book balance at November 30, 2021 2 Reconcile bank balance to book balance by listing all timing differences Balance per bank November 30, 2021 Deposits in transit Deposits in transit Wire in transit Outstanding checks Balance per books November 30,2021 should be zero", "question_description": "
\"image\"image<\/div><\/div><\/div><\/figure> instructions Template \\\\ i i | i The ABC Company maintains a general checking operating account at the WH Bank. W&H provides a bank statement and canceled checks once a month. The cutoff date is the last day of the month. The bank statement for the month of November is summarized as follows: Bank balance November 1, 2021 578,941.21 Deposits (via wires and checks) 926,580.37 Checks and wires processed (625,789.69i Monthly bank service fees (55.00) Wire fees (65.00) Payment on note payable (35,000100) NSF checks (1500.251 Bank balance November 30, 2021 839 111.64 1\" \"J The ABC's general ledger cash account has a preliminary book balance of $799,156.24 at the end of November. A review of the company records and the bank statements shows the following timing differences: 1. The total manual deposits for November per the general ledger were $716,580.37. The last deposit of $210,000 submitted on November 30th did not clear the bank until November 1st 2. Checks written in November and recorded in the ABC's records that did not clear the bank as of November 30th totaled $400,620.25. 3. The transfer to the operating account from the company's savings account processed on November 30 cleared the bank on November 1 - $110,044.60 125% T View Zoom Add Category Insert Table Chart Text Shape Media Comment Collaborate Format Organize Instructions Template ABC, Inc. Operating cash account November 30, 2021 1. Record all transaction that appear on the bank statements but are not recorded on the books: Preliminary book operating account balance at November 30, 2021: GL account Debit Credit Less bank fees -> record on books Less wire fees -> record on books Less payment on note payable -> record on books Less NSF checks included in deposits -> record on books Adjusted operating account book balance at November 30, 2021: 2. Reconcile bank balance to book balance by listing all timing differences: Balance per bank November 30, 2021 Deposits in transit: Deposits in transit Wire in transit Outstanding checks Balance per books November 30,2021: should be zero", "transcribed_text": "", "related_book": { "title": "Intermediate Accounting", "isbn": "470964731, 978-0470964736, 978-0470161012", "edition": "9th Canadian Edition, Volume 2", "authors": "Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/516.jpg", "uri": "\/textbooks\/intermediate-accounting-9th-canadian-edition-volume-2-516", "see_more_uri": "" }, "free_related_book": { "isbn": "3642148301", "uri": "\/textbooks\/advanced-intelligent-computing-theories-and-applications-6th-international-conference-on-intelligent-computing-changsha-china-1st-edition-9783642148309-9783642148316", "name": "Advanced Intelligent Computing Theories And Applications 6th International Conference On Intelligent Computing Changsha China", "edition": "1st\u00a0Edition" }, "question_posted": "2024-06-29 01:28:53", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-13", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/4-kg-collar-can-slide-on-frictionless-horizontal-rod", "description": "A 4-kg collar can slide on a frictionless horizontal rod and is attached to a spring of constant 450 N\/m. 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