Reference no: EM132316893

Question

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 $2,800. The general ledger Cash in Bank account shows total cash receipts during September of $91,600. The September bank statement shows total cash deposits (and no credit memos) of $88,400. 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 $2,000. The general ledger Cash in Bank account shows total cash receipts during April of $63,500. The April bank statement shows total cash deposits of $66,600 (including $2,400 from the collection of a note; the note collection has not yet been recorded by Wright). 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 $3,000. The general ledger Cash in Bank account shows total cash disbursements (all by check) during November of $69,100. The November bank statement shows checks clearing the bank in the amount of $67,600. What amount of outstanding checks should appear in the November 30 bank reconciliation?