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Calculate the adjusted cash balance per books on september

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Reference no: EM131822616

Question 1

Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31.

Cash balance per books, 5/31

$5,400

Deposits in transit

375

Notes receivable and interest collected by bank

650

Bank charge for check printing

40

Outstanding checks

2,400

NSF check

140

Question 2

The objectives of internal control are to

a. control the internal organization of the accounting department personnel and equipment
b. provide control over "internal-use only" reports and employee internal conduct
c. prevent fraud, and promote the social interest of the company
d. provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with

Question 3

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30.

Cash balance per books, 9/30

$2,750

Deposits in transit

200

Notes receivable and interest collected by bank

630

Bank charge for check printing

50

Outstanding checks

1,250

NSF check

290

 

Reference no: EM131822616

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