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Tamarisk, Inc.'s bank statement from Main Street Bank at August 31, 2025, gives the following information. Progress Balance, August 1 August deposits Checks cleared in
Tamarisk, Inc.'s bank statement from Main Street Bank at August 31, 2025, gives the following information. Progress Balance, August 1 August deposits Checks cleared in August Bank credit memorandum: Interest earned (a) Determine deposits in transit. Deposits in transit $ eTextbook and Media $18,700 71,300 List of Accounts 68,328 95 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $19,000; receipts $74,300; disbursements $73,520; and balance, August 31, $19,780. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,850 and outstanding checks of $4,550. In addition, you determine that there was an error involving a company check drawn in August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40. Bank debit memorandum: Safety deposit box fee Service charge Balance, August 31 $75 Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 2 100 21,592 Attempts: 0 of 3 used Submit Answer Tamarisk, incis bank statement from Main Street Bank at August 31, 2025, gives the following information. A summary of the Cash account in the ledger for August shows the following balance. August 1, \$19,000; receipts: $74,300, disbursements $73,520; and balance, August 31,$19,780. Analysis reveals that the only reconciling items on the Julv 31 bankreconeiliation were a deporit in transit for 54,850 and outstanding checks of 54,550 in addition, you determine that there was an error involving a company check dramn in August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40. Tamarisk, Inc's bank statement from Main Street Bank at August 31, 2025, gives the following information. A summary of the Cash account in the ledger for August shows the following: balance, August 1, $19,000; receipts $74,300; disbursements $73,520; and balance, August 31,$19,780. Analysis reveals that the only reconciling items on the fuly 31 bank reconctilation were a deposit in transit for $4,850 and outstanding checks of $4,550. In addition, you determine that there was an error involving a company check drawn in August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40. (a) Determine deposits in transit. Deposits in transit
Tamarisk, Inc.'s bank statement from Main Street Bank at August 31, 2025, gives the following information. Progress Balance, August 1 August deposits Checks cleared in August Bank credit memorandum: Interest earned (a) Determine deposits in transit. Deposits in transit $ eTextbook and Media $18,700 71,300 List of Accounts 68,328 95 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $19,000; receipts $74,300; disbursements $73,520; and balance, August 31, $19,780. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,850 and outstanding checks of $4,550. In addition, you determine that there was an error involving a company check drawn in August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40. Bank debit memorandum: Safety deposit box fee Service charge Balance, August 31 $75 Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 2 100 21,592 Attempts: 0 of 3 used Submit Answer
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