ACCTG201 -CH4 Review

Record Cash Expenditures: Pay employee salaries of $430 by issuing checks.

Record Cash Expenditures: Purchase computer equipment of $830 using a credit card.

Record Cash Expenditures: Pay for maintenance of $230 for a company vehicle using a debit card.

Damon Company receives its monthly bank statement, which reports a balance of $1,700. After comparing this to the company's cash records, Damon's accountants determine that deposits outstanding total $3,000 and checks outstanding total $3,250. Calculate the reconciled bank balance for cash.

Bourne Incorporated reports a cash balance at the end of the month of $2,120. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($65), an NSF check from a customer ($150), a customer's note receivable collected by the bank ($1,200), and interest earned ($15). Calculate the reconciled company balance for cash.

Bourne Incorporated reports a cash balance at the end of the month of $2,270. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($71), an NSF check from a customer ($210), a customer's note receivable collected by the bank ($1,200), and interest earned ($21). Record the amounts that increase cash

Bourne Incorporated reports a cash balance at the end of the month of $2,270. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($71), an NSF check from a customer ($210), a customer's note receivable collected by the bank ($1,200), and interest earned ($21). Record the amounts that decrease cash.