Bank Reconciliation and Entries The cash account for American Medical Coat April 30 indicated a...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Bank Reconciliation and Entries The cash account for American Medical Coat April 30 indicated a balance of $12,870. The bank statement indicated balance of 514,90 on Apr 30. Comparing the bank statement and the accompanying canceled checks and memes with the records revealed the following reconcilingoms 2. Checks outstanding totaled 55,400. b. A deposit of $5,620, representing receipts of April 30, had been made too late to appear on the bank statement. e. The bank collected $2,920 on a $2,770 note, including interest of $150 d. A check for $770 returned with the statement had been incorrectly recorded by American Medical Co, as $700. The check was for the payment of an obligation to Targhee Supply Co. for a purchase on account ..Acheck drawn for $50 had been erroneously charged by the banks 3500. Bank service charges for April amounted to 60 Required 1. Prepare a bank reconciliation American Medical Co. Bank Reconciliation April 30 Call balance according to bank statement Adjusted balance P QUI OU Cash balance according to company's records Adjusted balance Chinese chand hot.dermecath. The womens hus.nother commendations on ammunt Previous all instructor Submit Test for Green
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
