Reference no: EM132586299

Bank Reconciliation Components Identify the requested amount in each of the following situations:

a. Howell Company's August 31 bank reconciliation shows deposits in transit of $2,600.

The general ledger Cash in Bank account shows total cash receipts during September of $91,400.

The September bank statement shows total cash deposits (and no credit memos) of $88,200.

Question 1: What amount of deposits in transit should appear in the September 30 bank reconciliation?

b. Wright Corporation's March 31 bank reconciliation shows deposits in transit of $1,800.

The general ledger Cash in Bank account shows total cash receipts during April of $63,300.

The April bank statement shows total cash deposits of $66,400 (including $2,200

from the collection of a note; the note collection has not yet been recorded by Wright).

Question 2: What amount of deposits in transit should appear in the April 30 bank reconciliation?

c. Braddock Company's October 31 bank reconciliation shows outstanding checks of $2,800.

The general ledger Cash in Bank account shows total cash disbursements (all by check) during November of $68,900.

The November bank statement shows checks clearing the bank in the amount of $67,400.

Question 3: What amount of outstanding checks should appear in the November 30 bank reconciliation?