Numbers 25 and 28

-25 -26 b the bank balance to calculate the reconciled cash balance. At the end of March, the Elbert Company records showed a cash balance of $7027 When comparing the 31 March bank statement with the business' 'Cash' account, the business discovered that deposits in transit were $725, outstanding cheques totalled 5862, bank service charges were $28 and NSF cheques totalled $175. Required: a Calculate the 31 March reconciled cash balance of the Elbert Company b Calculate the cash balance listed on the 31 March bank statement. At the end of September, the Cydops Bicycle Company's records showed a cash balance of $3513. When comparing the business' 30 September bank statement, which showed a cash balance of $1860, with its 'Cash' account, the business discovered that outstanding cheques were $462, bank service charges were $23 and NSF cheques totalled $89. Required: a Calculate the 30 September reconciled cash balance of the Cyclops Bicycle Company, b Calculate the September deposits in transit. The following five situations (columns 1-5) are independent. 1 2 3 Ending balance in the business' bank account (a) $2000 54000 $12000 $3000 Deposits made directly by the bank $200 500 450 Deposits in transit 700 800 (c) 500 900 Outstanding cheques 450 1200 600 (d) 1000 Ending cash balance from bank statement 6000 3000 4100 12000 -27 200 28 Required: Calculate each of the unknown amounts, items (a) to (e). An examination of the accounting records and the bank statement of the Evans Company at 31 March provides the following information: i The 'Cash' account has a balance of $6351.98. ii The bank statement shows a bank balance of $3941.83. iii The 31 March cash receipts of $3260.95 were deposited in the bank at the end of that day, but were not recorded by the bank until 1 April. iv Cheques issued and mailed in March but not included among the cheques listed as paid on the bank statement were: Cheque no 706 $869.38 Cheque no. 717 212.00 V A bank service charge of $30 for March was deducted on the bank statement. vi A cheque received from a customer for $185 in payment of his account and deposited by the Evans Company was returned marked NSF with the bank statement. vii Interest of $20.42 earned on the business' bank account was added on the bank statement