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28 Sep 2019
The following information pertains to the bank transactions ofRawlins Company:
a. Cash on the books as of April 30was $499. Cash as shown on the bank statement for the same date was$1,330.
b. A deposit of $160, representingcash receipts as of April 30, did not appear on the bankstatement.
c. Outstanding checks totaled$240.
d. Bank service charges for Aprilamounted to $9
e. The bank collected for RawlinsCompany $840 (which includes $40 interest) on a note left forcollection.
f. An NSF check for $80from a customer, Joe Beck, was returned with the statement.
Required:
1. Prepare a bank reconciliation forRawlins Company as of April 30.
2. State the amount of cash thatwould appear on the balance sheet as of April 30.
The following information pertains to the bank transactions ofRawlins Company:
a. Cash on the books as of April 30was $499. Cash as shown on the bank statement for the same date was$1,330.
b. A deposit of $160, representingcash receipts as of April 30, did not appear on the bankstatement.
c. Outstanding checks totaled$240.
d. Bank service charges for Aprilamounted to $9
e. The bank collected for RawlinsCompany $840 (which includes $40 interest) on a note left forcollection.
f. An NSF check for $80from a customer, Joe Beck, was returned with the statement.
Required:
1. Prepare a bank reconciliation forRawlins Company as of April 30.
2. State the amount of cash thatwould appear on the balance sheet as of April 30.
Casey DurganLv2
28 Sep 2019
Related questions
| Chapter 7 Homework- Bank Rec | ||||||||||
| The following informationpertains to the bank transactions of Midwestern Company: | ||||||||||
| a | Cash on the books as of June 30 was $519. Cash asshown on the bank statement for the same date was $1,440 | |||||||||
| b | A deposit of $260, representing cash receipts as ofJune 30, did not appear on the bank statement | |||||||||
| c | Outstanding checks totaled $240 | |||||||||
| d | Bank service charges for June amounted to $15 | |||||||||
| e | The bank collected for Midwestern Company $1040(which includes $40 interest) on a note left for collection | |||||||||
| f | An NSF check for $84 from a customer, Joe S., wasreturned with the statement | |||||||||
| Required | ||||||||||
| 1 | Prepare the bank reconciliation for MidwesternCompany as of June 30 | |||||||||
| 2 | State the amount of cash that would appear on thebalance sheet as of June 30 | |||||||||
| Midwestern Company | ||||||||||
| Bank Reconciliation | ||||||||||
| June 30, 2015 | ||||||||||
