SCh06 - Student Name: Instructor Class: McGraw-Hill/Irwin...

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Student Name: Instructor Class: McGraw-Hill/Irwin Demonstration Case 6A Bank Statement Kat's Books September 30 cash balance $880 September 30 cash balance $750 Additions: Additions: Deposit in transit 50 Interest earned 5 Deductions: Deductions: Outstanding check (200) Bank service charge (25) Up-to-date cash balance $730 Up-to-date cash balance $730 Correct! Correct!
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Given Data DC6A: KAT BARDASH Checking Account Statement Bank balance, September 1 $1,150 Deposits during September 650 Checks cleared during September 900 Bank service charge 25 Interest earned 5 Bank balance, September 30 880 Additional information: Uncleared deposit of September 29 $50 Uncleared check $200 September 30 checkbook balance $750
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Student Name: Instructor Class: McGraw-Hill/Irwin Coached Problem 6-2 Requirement 1: KMaxx COMPANY Bank Reconciliation, April 30, 2010 Bank Statement Company's Books Ending balance per bank Ending balance per Cash statement $5,775 account $6,200 Additions: Additions: Deposit in transit 500 - 6,275 6,200 Deductions: Deductions: Bank error 100 EFT 200 Outstanding checks 300 NSF check 100 Bank service charges 25 325 Up-to-date cash balance $5,875 Correct cash balance $5,875 Correct! Correct! Requirement 2: KMaxx COMPANY General Journal Account Debit Credit Accounts Payable 200 Cash 200 Automatic payment to creditor Accounts Receivable 100 Cash 100 To record customer's NSF check Office Expenses 25 Cash 25 To record bank service charges in April Requirement 3: Cash account balances after adjustment Cash in regular cash account $5,875 Correct! Requirement 4: KMaxx COMPANY Balance Sheet (April 30, 2010) Current Assets: Cash $6,875 Correct!
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Given Data CP6-2: KMaxx COMPANY Bank Statement April 30, 2010 Checks Deposits Other Balance Balance, April 1, 2010 $6,000 April 5 #101 $700 5,300 April 9 $2,500 7,800 April 12 #102 200 7,600 April 19 #103 500 7,100 April 22 #104 1,000 6,100 April 27 EFT $200 5,900 April 29 NSF 100 5,800 April 30 SC 25 5,775 + Cash (A) - Apr. 1 Balance 6,000 Apr. 8 2,500 700 Apr 2 #101 Apr. 28 500 200 Apr 10 #102 500 Apr 15 #103 1,100 Apr 20 #104 300 Apr 29 #105 Apr 30 Balance 6,200 Other Information: Check #104 was written for: 1,100
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This note was uploaded on 03/18/2012 for the course ACC 111 taught by Professor Sobeiski during the Spring '12 term at Post.

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SCh06 - Student Name: Instructor Class: McGraw-Hill/Irwin...

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