Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The December cash records of Dickson Insurance follow (Click the icon to view the checkbook.) Dickson's Cash account shows a balance of $16,660 at
The December cash records of Dickson Insurance follow (Click the icon to view the checkbook.) Dickson's Cash account shows a balance of $16,660 at December 31. On December 31, Dickson Insurance received the following bank statement (Click the icon to view the December bank statement.) Additional data for the bank reconciliation follow (Click the icon to view the additional information.) Read the requirements Data table Cash Receipts Cash Payments Date Bank Reconciliation December 31, 2024 Dec. 4 $ Cash Debit 4,220 Check No. Cash Credit 1416 $ 820 9 490 1417 150 Bank: Balance, December 31: 2024 18.240 14 590 1418 660 17 2,400 1419 1.690 1,880 ADD: Deposit in transit 31 1,880 1420 1,510 20,120 1421 1.200 LESS: Outstanding checks 1422 590 1420 $ 1,510 1.200 1421 1422 590 3,300 $ 16.820 Print Done Adjusted bank balance, December 31, 2024 - X Cont
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started