Assignment The bank portion of the bank recondiliation for Langer Compeny at Nov

Question

Assignment The bank portion of the bank recondiliation for Langer Compeny at November 30, 2017, was as olows November 30, 2 Add: Deposits in transit Less: Outstanding checks Check Amount s 2,260.40 1,426.80 1,056 506,308.30 10,689.8 djusted cash balance per bank The adjusted cash balance per bank agreed with the cash balance per books at November 30 The December bank statement showed the following checks and deposits. Priwacy Polcy 1 2000-2018 John wiley &Sons; Inc All Rigts Reserved. A Division of Jhn Wley & Sons1c command option

Explanation / Answer

Langer company Ccash balance per bank statement 21,907.80 Add Deposits in transit 1,690.40 23,598.20 less: outstanding checks no 3,470 720.1 no 3474 1,056.50 no 3478 621.3 no 3481 807.4 no 3484 791.5 no 3486 889.5 4,886.30 Adjusted cash balance per bank 18,711.90 Cash balance per books 14,285.20 Add: Note collected in bank 5,285 19,570.20 less NSF Check 579.3 Error in recording check(3485) 270 Error in deposit 9 858.3 Adjusted cash balance per books 18,711.90 Journal entries no Account titles and explanations Debit Credit 1) Cash 5,285 Miscellaneous expense 15 Note receivable 5,140 interest revenue 160 2) Accounts receivabke 579.3 cash 579.3 3) Accounts payable 270 cash 270 4) Accounts receivable 9 cash 9

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.