Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. required information e5-5 (algo) preparing a bank

Required information E5-5 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO...

80.2K

Verified Solution

Question

Accounting

Required information E5-5 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4) [The following information applies to the questions displayed below.] Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 June 1 June June 30 E5-5 (Algo) Part 3 Debit Balance Deposits Balance Cash Balance BANK STATEMENT Checks $ 18,700 Cash (A) 7,120 18,200 6,320 Deposits $ 17,600 3. What is the balance in the Cash account after the reconciliation entries? 19,000 Checks written Other Credit $ 30 June Balance $ 7,120 24,720 6,020 5,990 5,990
image
Required information E5-5 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5 [The following information applies to the questions displayed below.] Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: E5.5 (Algo) Part 3 3. What is the balance in the Cash account after the reconciliation entries

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!
Become a Member

Other questions asked by students

Q

We are investigating two different retirment plans that we can invest our money in. Plan A...

Basic Math
Q

Chemical modifications of histone tails are often made in chromatin to change the amount of chromatin...

Biology
Q

Solve this differential equation (4x - 2y)dx + (2x - 9y)dy = 0

Advance Math
Q

Botulism is caused by ingestion of a proteinaceous exotoxin; therefore, it can easily be prevented...

Biology
Q

Evaluate the expression or state that the expression is not a real number 169 144...

Basic Math
Q

An automobile tire manufacturer collected the data in the table relating tire pressure x in...

Statistics
Q

Course Contents Week 12 Post class Probability calculation 4 problem Timer Notes Evaluate Feedback This...

Statistics
Q

Which of the following accounts is considered to be a contra-shareholders' equity account? A) Common...

Accounting
Q

The accountant for Jordan's Dress Shop prepared the following cash budget. Jordan's desires to maintain...

Accounting
Q

Lean Accounting Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing methods. Style Omega has...

Accounting
Q

June Accounts Receivable 700 2 Interest Revenue 21 (b) On July 4, Windsor Restaurant accepts...

Accounting
Q

Blaylock plans to sell 86,000 units of product no.794 in May, and each of these...

Accounting