Te cash records of givens company show the following four

Reference no: EM13601329

The cash records of Givens Company show the following four situations.The June 30 bank reconciliation indicated that deposits in transit total $720. During July the general ledger account Cash shows deposits of $15,750, but the bank statement indicates that only $15,600 in deposits were received during the month.

The June 30 bank reconciliation also reported outstanding checks of $680. During the month of July, Givens Company books show that $17,200 of checks were issued. The bank statement showed that $16,400 of checks cleared the bank in July.

In September, deposits per the bank statement totaled $26,700, deposits per books were $25,400, and deposits in transit at September 30 were $2,100.

In September, cash disbursements per books were $23,700, checks clearing the bank were $25,000, and outstanding checks at September 30 were $2,100.

There were no bank debit or credit memoranda. No errors were made by either the bank or Givens Company.

Instructions

Answer the following questions.

In situation (1), what were the deposits in transit at July 31?
$

In situation (2), what were the outstanding checks at July 31?
$

In situation (3), what were the deposits in transit at August 31?
$

In situation (4), what were the outstanding checks at August 31?
$

Reference no: EM13601329

Questions Cloud

Work-in-process inventory of 2600 ending work-in-process : work-in-process inventory of 2600 ending work-in-process inventory of 15000 direct materials used 60000 direct-labor

Parker services requires all of its divisions to maintain a : parker services requires all of its divisions to maintain a return on investment roi of at least 25. over the past

To settle the debt doran agrees to accept from mann : mann inc. which owes doran co. 600000 in notes payable with accrued interest of 54000 is in financial difficulty. to

Iffert corporations net income last year was 4040000 the : iffert corporations net income last year was 4040000. the dividend on common stock was 6.40 per share and the dividend

Te cash records of givens company show the following four : the cash records of givens company show the following four situations.the june 30 bank reconciliation indicated that

Accounts payable had a normal starting balance of 750 there : 1. net income or net loss for a period is calculated by the following formula a.total revenues - total withdrawals.

A patent was purchased from bradtke company for 2500000 on : devon harris company has provided information on intangible assets as follows.a patent was purchased from bradtke

Accounting for a byproductnbspsunny day juice company : accounting for a byproduct.nbspsunny day juice company produces oranges from various organic growers in florida. the

Explain the factors that should be considered when : explain the factors that should be considered when applying the conventional concept of depreciation to the

User Account

All Pages