account of Savannah Company What is the adjusted balance on the bank reconciliat

Question

account of Savannah Company What is the adjusted balance on the bank reconciliation? a. $14,47o h. $10,705 e$I5,9s d $15,720 49. A $150 petty cash fund has cash of Ss4 and receipts of $83. The journal entry to replenish the account would include a a. credit to Petty Cash for $29 b debit to Cash for 583 c. debit to Cash Over and Short for $13 d. credit to Cash for $54 50. Jamison Company gathered the following reconciling information in preparing its June bank reconciliation: ash balance per bank, 630 te receivable collected by bank $13,000 utstanding checks osits-in-transit nk service charge 7,000 35 SF check 1,900 Using the above information, determine the cash balance per books (before adjustments) for the Jamison Company a. $8,065 b. $10,565 c. $15,065 d. $6,435

Explanation / Answer

48) unadjusted bank balance 16,750 Add:Deposits in transit 2,195 less:Checks outstanding -3,850 Adjusted bank balance 15,095 option c) 15,095 49) option c) Debit to cash over and short $13 150-83= 67 Cash fund -54 Cash over & short 13 50) unadjusted cash balance 13,000 add:note receivable 4,000 less:Bank service charge -35 less:NSF -1,900 Adjusted balance 15,065 option c) 15,065

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