Question : 181.Following seven items a through g that would cause Rembrandt : 1258879

 

 

 

181.Following are seven items a through g that would cause Rembrandt Company’s book balance of cash to differ from its bank statement balance of cash. a. A service charge imposed by the bank. b. A check listed as outstanding on the previous period’s reconciliation and still outstanding at the end of this month. c. A customer’s check returned by the bank is marked “Not Sufficient Funds(NSF)”. d. A deposit mailed to the bank on the last day of the current month and not recorded on this month’s bank statement. e. A check paid by the bank at its correct $190 amount recorded in error in the company’s check register at $109. f. An unrecorded credit memorandum indicating that bank collected a note receivable for Rembrandt Company and deposited the proceeds in the company’s account. g. A check written in the current period that is not yet paid or returned by the bank. Indicate where each item, letters a-g, would appear on Rembrandt Company’s bank reconciliation by placing its identifying letter in the parentheses in the proper section of the form below. 

Bank statement cash balanceBook balance of cash

Add:(   )Add:(  )

(  )(  )

(  )(  )

(  )(  )

Deduct:(   )Deduct:(  )

(   )(  )

(  )(  )

(  )(  )

Reconciled balanceReconciled balance

  

 

 

182.The following information is available for the Savvy Company for the month of June. a. On June 30, after all transactions have been recorded, the balance in the company’s Cash account has a balance of $17,202. b. The company’s bank statement shows a balance on June 30 of $19,279. c. Outstanding checks at June 30 total $2,984. d. A credit memo included with the bank statement indicates that the bank collected $770 on a noninterest-bearing note receivable for Savvy. e. A debit memo included with the bank statement shows a $67 NSF check from a customer, J. Maroon. f. A deposit placed in the bank’s night depository on June 30 totaling $1,675 did not appear on the bank statement. g. Comparing the checks on the bank statement with the entries in the accounting records reveals that check #3445 for the payment of an account payable was correctly written for $2,450, but was recorded in the accounting records as $2,540. h. Included with the bank statement was a debit memorandum in the amount of $25 for bank service charges. It has not been recorded on the company’s books. 1. Prepare the June bank reconciliation for the Savvy Company. 2. Prepare the general journal entries to bring the company’s book balance of cash into conformity with the reconciled balance as of June 30.    

1. 

 

 

 

 

 

 

183.The following information is available for the Topper Company for the month of July. a. On July 31, after all transactions have been recorded, the balance in the company’s Cash account has a balance of $15,244. b. The company’s bank statement shows a balance on July of $16,450. c. Outstanding checks at July total $2,063. d. A credit memo included with the bank statement indicates that the bank collected $570 on a note receivable for Topper. The $570 includes $550 principle and $20 interest. e. A debit memo included with the bank statement shows a $107 NSF check from a customer, P. Flank. f. A deposit placed in the bank’s night depository on July 31 totaling $1,275 did not appear on the bank statement. g. Included with the bank statement was a debit memorandum in the amount of $45 for check printing charges that have not been recorded on the company’s books. Prepare the July bank reconciliation for the Topper Company.    

 

 

 

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more