bank reconcilation

timer Asked: Nov 5th, 2015

Question description

The following information pertains to the Cash account of the Vader Corporation for the month of October 2007:

Bank Statement

Balance, October 31      $22,639.54

Service charge for October  $10

NSF check returned with October bank statement $174.50

Note Recievable collected by bank not recorded on books $1500

Interest on note collected by bank not previously on the books 50.0


Balance, October 31 ?

Cash on hand awaiting deposit    $1,874.18

Outstanding Checks:

#257        $42,17

#271         19.19

#272          80.82                           $ 142.18

Deposits in transit                         $2,220.90


1. What is the cash balance per book before adjustment as of October 31, 2007?

2. Prepare the adjusting entries to update the cash balance.

Tutor Answer

(Top Tutor) Studypool Tutor
School: UCLA
Studypool has helped 1,244,100 students
flag Report DMCA
Similar Questions
Hot Questions
Related Tags
Study Guides

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors