Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

r hi this is the question line wise this is the information pls get me the answer of it so far..... hi don't have another

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

r

hi this is the question line wise this is the information pls get me the answer of it so far.....

hi don't have another information pls leave the questions and proceed to another

Input Net Cash Used or Provided by Financing Activities amount in the following box (insert number only, do not add comma (), negative sign (-) or dollar ($) sign. Example: 1000) Answer: Input Cash Balance, End of Year 2021 amount in the following box (insert number only, do not add comma (), negative sign (-) or dollar ($) sign. Example: 1000) Answer: The following information is for ABC Company's transactions till Jun 30, 2020. 1. Cash Balance per bank, Jun 30, 2020 $13,148 2. Cash balance per books before bank reconciliation, $17,500 3. Three checks were deposited in bank on Jun 29, 2020. Check # 1234, amount $5,315; Check # 2761, amount $1,942; and Check # 3111, amount $4,290. As per bank statement, Check#3111 was deposited in the account. 4. Five checks were issued to different suppliers in June. Check 814, amount $1,265, Check 815, amount $1,002, Check 816, amount $1,150, Check 817 and 818, amount $2,350 each. The bank statement shows the following amounts as withdrawals: $1,265, $2,350 and $2,350. 5. Bank Statement showed an EFT payment of $2,000 from customer on Jun 3, 2020. 6. Not Sufficient Fund (NSF) charge by the bank was $426. 7. The bank charged $761 in error to the company's account that is for another customer of the bank. 8. In June, bank service charge as per bank statement (not recorded) is $60. Create a Bank Reconciliation for Jun 2020 in your notebook and answer the following questions. You do not have to submit the notebook. Based on the information about ABC Company, input the Deposit in Transit in the following box (insert number only, do not add comma (), negative sign (-) or dollar ($) sign. Example: 1000) Answer: Based on the information about ABC Company, input the amount for Outstanding Checks in the following box (insert number only, do not add comma (), negative sign (-) or dollar () sign. Example: 1000) Answer: How many journal entries will be required for the bank reconciliation for June 30, 2020? Select one: O a. 5 O b. None O c. 2 O d. 4 O e. 3 Complete the Journal Entry for NSF check by selecting the correct items from the drop down boxes. Debit 4 Credit . The following information is for ABC Company's transactions till Jun 30, 2020. 1. Cash Balance per bank, Jun 30, 2020 $13,148 2. Cash balance per books before bank reconciliation, $17,500 3. Three checks were deposited in bank on Jun 29, 2020. Check # 1234, amount $5,315; Check # 2761, amount $1,942; and Check # 3111, amount $4,290. As per bank statement, Check#3111 was deposited in the account. 4. Five checks were issued to different suppliers in June. Check 814, amount $1,265, Check 815, amount $1,002, Check 816, amount $1,150, Check 817 and 818, amount $2,350 each. The bank statement shows the following amounts as withdrawals: $1,265, $2,350 and $2,350. 5. Bank Statement showed an EFT payment of $2,000 from customer on Jun 3, 2020. 6. Not Sufficient Fund (NSF) charge by the bank was $426. 7. The bank charged $761 in error to the company's account that is for another customer of the bank. 8. In June, bank service charge as per bank statement (not recorded) is $60. Create a Bank Reconciliation for Jun 2020 in your notebook and answer the following questions. You do not have to submit the notebook. Based on the information about ABC Company, input the Deposit in Transit in the following box (insert number only, do not add comma (), negative sign (-) or dollar ($) sign. Example: 1000) Answer: Based on the information about ABC Company, input the amount for Outstanding Checks in the following box (insert number only, do not add comma (), negative sign (-) or dollar ($) sign. Example: 1000) 7 Answer: How many journal entries will be required for the bank reconciliation for June 30, 2020? Select one: O a. 5 O b. None O c. 2 O d. 4 O e 3 Complete the Journal Entry for NSF check by selecting the correct items from the drop down boxes. Debit . Credit . Based on the information about ABC Company, input the Adjusted Cash Balance in the following box (insert number only, do not add comma (), negative sign (-) or dollar ($) sign. Example: 1000)

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

Report On Trade Conditions In China

Authors: Harry R. Burrill, Raymond F. Crist

1st Edition

1138617806, 9781138617803

More Books

Students also viewed these Accounting questions