129.Kline Company had checks outstanding totaling $12,800 on its May bank reconciliation. In June, Kline Company issued checks totaling $79,800. The July bank statement shows that $59,400 in checks...







129.Kline Company had checks outstanding totaling $12,800 on its May bank reconciliation. In June, Kline Company issued checks totaling $79,800. The July bank statement shows that $59,400 in checks cleared the bank in July. A check from one of Kline Company's customers in the amount of $600 was also returned marked "NSF." The amount of outstanding checks on Kline Company's July bank reconciliation should be



a.$39,200.



b.$20,400.



c.$33,200.



d.$7,600.







130.Quayle Company gathered the following reconciling information in preparing its August bank reconciliation:



Cash balance per books, 8/31$7,000



Deposits in transit300



Notes receivable and interest collected by bank1,700



Bank charge for check printing40



Outstanding checks4,000



NSF check340



The adjusted cash balance per books on August 31 is



a.$8,320.



b.$8,020.



c.$4,620.



d.$4,920.







131.Fairly Company gathered the following reconciling information in preparing its April bank reconciliation:



Cash balance per books, 4/30$4,400



Deposits in transit600



Notes receivable and interest collected by bank1,480



Bank charge for check printing50



Outstanding checks3,000



NSF check280



The adjusted cash balance per books on April 30 is



a.$6,150.



b.$5,880.



c.$5,550.



d.$6,110.







132.Jeter Company developed the following reconciling information in preparing its September bank reconciliation:



Cash balance per bank, 9/30$15,400



Note receivable collected by bank8,400



Outstanding checks12,600



Deposits in transit6,300



Bank service charge105



NSF check1,680



Using the above information, determine the cash balance per books (before adjustments) for the Jeter Company.



a.$13,685



b.$21,700



c.$2,485



d.$21,000







133.In the month of November, Coler Company Inc. wrote checks in the amount of $18,500. In December, checks in the amount of $25,316 were written. In November, $16,936 of these checks were presented to the bank for payment, and $21,766 were presented in December. What is the amount of outstanding checks at the end of November?



a.$3,550



b.$1,564



c.$5,114



d.$7,100







134.In the month of November, Coler Company Inc. wrote checks in the amount of $18,500. In December, checks in the amount of $25,316 were written. In November, $16,936 of these checks were presented to the bank for payment, and $21,766 were presented in December. What is the amount of outstanding checks at the end of December?



a.$3,550



b.$1,564



c.$5,114



d.$7,100







135.At April 30, Mareska Company has the following bank information: cash balance per bank$4,600; outstanding checks $280; deposits in transit $550; credit memo for interest $10; bank service charge $20. What is Mareska’s adjusted cash balance on April 30?



a.$4,860



b.$4,880



c.$4,330



d.$4,870







136.At June 30, Mareska Company has the following bank information: cash balance per bank $7,200; outstanding checks $560; deposits in transit $1,100; credit memo for interest $20; bank service charge $40. What is Mareska’s adjusted cash balance on June 30?



a.$7,720



b.$7,760



c.$6,660



d.$7,740







137.Rainey Company wrote checks totaling $8,540 during October and $9,325 during November. $8,120 of these checks cleared the bank in October, and $9,110 cleared the bank in November. What was the amount of outstanding checks on November 30?



a.$635



b.$115



c.$305



d.$990







138.Tayler Company wrote checks totaling $25,620 during October and $27,975 during November. $24,360 of these checks cleared the bank in October, and $27,330 cleared the bank in November. What was the amount of outstanding checks on November 30?



a.$1,905



b.$345



c.$915



d.$2,970







May 15, 2022
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