Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

NEED HELP ASAP Question 31 At June 30, Coulsen Company has the following bank information: cash balance per bank $3,600; outstanding checks $280; deposits in

NEED HELP ASAP

Question 31

At June 30, Coulsen Company has the following bank information: cash balance per bank $3,600; outstanding checks $280; deposits in transit $550; credit memo for interest $10; bank service charge $20. What is Coulsen's adjusted cash balance per bank on June 30?

$3,860

$3,330

$3,870

$3,880

3 points

Question 32

Jansen Company gathered the following reconciling information in preparing its April bank reconciliation:

Cash balance per books, 4/30

$ 6,600

Deposits in transit

900

Notes receivable and interest collected by bank

2,220

Bank charge for check printing

75

Outstanding checks

4,500

NSF check

420

The adjusted cash balance per books on April 30 is

$9,225.

$8,325.

$9,165.

$8,820.

3 points

Question 33

Hoppmann Company wrote checks totaling $25,620 during October and $27,975 during November. $24,360 of these checks cleared the bank in October, and $27,330 cleared the bank in November. What was the amount of outstanding checks on November 30?

$645

$1,260

$1,905

$2,355

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

Managing IoT Systems For Institutions And Cities Internal Audit And IT Audit

Authors: Chuck Benson

1st Edition

1138590487, 978-1138590489

More Books

Students also viewed these Accounting questions