- Bank Reconciation And Entries The Cash Account For Norwegian Medical Co At April 30 Indicated A Balance Of 13 045 The 1 (29.55 KiB) Viewed 9 times
- Bank Reconciation And Entries The Cash Account For Norwegian Medical Co At April 30 Indicated A Balance Of 13 045 The 2 (25.35 KiB) Viewed 9 times
Bank Reconciation and Entries The cash account for Norwegian Medical Co, at April 30 indicated a balance of $13,045. The bank
statement indicated a balance of $15,160 un April 30. Comparing the bank
statement and the accompanying canced checks and memos with the records revealed the following reconciting tem Checks outstanding totaled $5,460. b. A deposit of $5,000, representing receipts of April 30, had been made too late to appear on the bank
statement. The bank collected $2,960 on a $2,800 note, including interest of $160. d. A check for $440 returned with the
statement had been incorrectly recorded by Norwegian Medical Co as $400, The check was for the payment of an obligation to Universal Supply Co. for a purchase on account. A check drawn for 150 had been erroneously charged by the bank as $600 t Bank service charges for April amounted to $35 Required: 1. Prepare a bank reconciliation Norwegian Medical Co. Bank Reconciliation April 30 Cash balance according to bank
statement Adjusted balance Cash balance according to
company's records Adjusted balance 100 00000 d 2. Journalize the necessary entries (a.) that increase cash and (b) that decrease cash. The accounts have not been closed. If an amount box does not require an entry, leave it a April 30 Previous Submie Test for Grading
account A check drawn for $60 had been erroneously charged by the bank as $600. f. Bank service charges for April amounted to $35. Required: 1. Prepare a bank reconciliation. Norwegian Medical Co. Bank Reconciliation April 30 Cash balance according to bank
statement Adjusted balance Cash balance according to
company's records Adjusted balance 100 00000 0 00 2. Journalize the necessary entries (a.) that increase cash and (b) that decrease cash. The accounts have not been closed. If an amount box does not require an entry, leavet bank a. April 30 b. April 30 3. If a balance sheet is prepared for Norwegian Medical Co. on April 30, what amount should be reported as cash? ved Submit T