Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ment/take AssignmentMain.do?invoker-BtakeAssignmentSessionLocator&inprogress=false nk reconciliation Bank Reconciliation Final Questions bructions following data were accumulated for use in reconciling the bank account of Creative Design Co. for

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
ment/take AssignmentMain.do?invoker-BtakeAssignmentSessionLocator&inprogress=false nk reconciliation Bank Reconciliation Final Questions bructions following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 206 Wugust 31,537,600 1. 2 3. 4. 5. 6. Cash balance according to the company's records at August 31, 520,870. Cash balance according to the bank statement at August 31, 537,600 Checks outstanding, $23,375 Deposit in transit not recorded by bank, 57,500 A check for $100 in payment of an account was erroneously recorded in the check register as $1,000 Bank debit memo for service charges, S45. A Prepare a bank reconciliation, using the format shown in Exhibit 13. Refer to the Amount Descriptions list provided for the exact wording of th answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign B. Ir the balance sheet were prepared for Creative Design Co. on August 31 what amount should be reported for cash? C. Must a bank reconciliation always balance (reconcile)? k My Work Bank Reconciliation the answer choices for text entries. For those boxes in which you must enter sub Amount Descriptions Amount Descriptions Adjusted balance Bank service charge Bank error in charging check as $100 instead of $1,000 Bank error in charging check as $1,000 instead of $100 Deposit in transit, not recorded by bank Error in recording check as $100 instead of $1,000 Error in recording check as $1,000 instead of $100 Outstanding checks Total adjustments k My Work nk Reconciliation Bank Reconciliation August 31, 2016 $37,600.00 Cash balance according to bank statement Adjustments: Deposit in transit, not recorded by bank 57.500.00 Cash balance according to company's records Adjustments: My Work S GERADO - Tading. conciliation uctions Bank Reconciliation Final Questions - Final Questions Shaded B. If the balance sheet were prepared for Creative Design Co. on August 31 what amount should be reported for cash? Poin Feedback C. Must a bank reconciliation always balance (reconcile) NO Yes Points ly Work ment/take AssignmentMain.do?invoker-BtakeAssignmentSessionLocator&inprogress=false nk reconciliation Bank Reconciliation Final Questions bructions following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 206 Wugust 31,537,600 1. 2 3. 4. 5. 6. Cash balance according to the company's records at August 31, 520,870. Cash balance according to the bank statement at August 31, 537,600 Checks outstanding, $23,375 Deposit in transit not recorded by bank, 57,500 A check for $100 in payment of an account was erroneously recorded in the check register as $1,000 Bank debit memo for service charges, S45. A Prepare a bank reconciliation, using the format shown in Exhibit 13. Refer to the Amount Descriptions list provided for the exact wording of th answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign B. Ir the balance sheet were prepared for Creative Design Co. on August 31 what amount should be reported for cash? C. Must a bank reconciliation always balance (reconcile)? k My Work Bank Reconciliation the answer choices for text entries. For those boxes in which you must enter sub Amount Descriptions Amount Descriptions Adjusted balance Bank service charge Bank error in charging check as $100 instead of $1,000 Bank error in charging check as $1,000 instead of $100 Deposit in transit, not recorded by bank Error in recording check as $100 instead of $1,000 Error in recording check as $1,000 instead of $100 Outstanding checks Total adjustments k My Work nk Reconciliation Bank Reconciliation August 31, 2016 $37,600.00 Cash balance according to bank statement Adjustments: Deposit in transit, not recorded by bank 57.500.00 Cash balance according to company's records Adjustments: My Work S GERADO - Tading. conciliation uctions Bank Reconciliation Final Questions - Final Questions Shaded B. If the balance sheet were prepared for Creative Design Co. on August 31 what amount should be reported for cash? Poin Feedback C. Must a bank reconciliation always balance (reconcile) NO Yes Points ly Work

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

Advanced Financial Accounting

Authors: Theodore Christensen, David Cottrell, Cassy Budd

12th Edition

1260165116, 9781260165111

More Books

Students also viewed these Accounting questions