Course Hero Logo

A companys bank statement balance shows that there is

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 36 - 38 out of 66 pages.

143.A company's bank statement balance shows that there is $4,230 in the chequing account at theend of the month. Comparing the company's records with the bank statement reveals severaladditional items, such as outstanding cheques of $2,880, deposits in transit of $1,280, an NSFcheque of $160, and a debit memo for bank service charge of $40. Calculate the adjusted cashbalance for this chequing account.(A) $2,430(B) $2,630(C) $4,030(D) $4,230Answer :(B)
144.A company's records indicate the balance in its chequing account at the end of the month is$5,671. Comparing the company's records with the monthly bank statement reveals severaladditional cash transactions, such as a debit memo for bank service charge of $75, credit memos fora $4,000 note receivable collected by the bank plus interest earned of $100, and an NSF cheque for$350. Calculate the company's adjusted cash balance at the end of the month.
145.A company's bank statement balance shows that there is $4,190 in the chequing account at theend of the month. Comparing the company's records with the bank statement reveals severaladditional items, such as outstanding cheques of $1,860, deposits in transit of $2,080, an NSFcheque of $209, a credit memo for interest earned of $21.52, a debit memo for bank service chargeof $40, and a cheque for $120 recorded twice by the company. Calculate the adjusted cash balancefor this chequing account.
146.A company's records indicate the balance in its chequing account at the end of the month is$3,918. Comparing the company's records with the monthly bank statement reveals severaladditional cash transactions, such as deposits in transit of $4,022, three outstanding chequestotalling $497, a debit memo for a $30 bank service charge, credit memos for a $1,000 notereceivable collected by the bank plus interest earned of $35, and an NSF cheque for $150. Calculatethe company's adjusted cash balance at the end of the month.

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 66 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Winter
Professor
NoProfessor
Tags
Cheque

Newly uploaded documents

Show More

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture