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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Which of the reconciling items listed in Exercise 7-16 require an entry in the company’s
Â
                                                   accounts?
Â
Â
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The following data were accumulated for use in reconciling the bank account of Kidstock Co.
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                                                   for March:
a.       Cash balance according to the company’s records at March 31, $7,671.45.
b.      Cash balance according to the bank statement at March 31, $4,457.25.
c.       Checks outstanding, $2,276.20.
d.      Deposit in transit, not recorded by bank, $5,780.40.
e.       A check for $145 in payment of an account was erroneously recorded in the check register at $451.
f.       Bank debit memorandum for service charges, $16.00.
Prepare a bank reconciliation, using the format shown in Exhibit  7.
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------