fill charts MESSAGE MY INSTRUCTOR STANDARD VIEW ASSIGNMENT Problem 7-5A The bank

Question

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MESSAGE MY INSTRUCTOR STANDARD VIEW ASSIGNMENT Problem 7-5A The bank portion of the bank reconciliation for Marigold Corp, at October 31, 2019, is shown below Bank R October 31, 2019 Probiem 7- Cash balance per bank Add: Depasits in transit $12,467.90 13,898.10 Review Results by Less: Outstanding checks Check Number Check Amount 1.250.00 4.325.0 $9,572.20 Adjusted cash balance per bank The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits Checks and Debits The cash records per books for November showed the following.

Explanation / Answer

Marigold Corp. Bank Reconciliation November 30, 2019 Cash balance per bank 17592.50 Add: Deposits in transit 1424.00 19016.50 Less: Outstanding checks 2451 1260.40 2472 566.80 2478 528.20 2482 652.00 2484 869.50 2485 974.80 2487 388.00 2488 820.00 6059.70 Adjusted cash balance per bank 12956.80 Cash balance per books 10823.80 Add: EFT collected by bank 2272.00 13095.80 Less: Bank service charges 85.00 Error in recording check no. 2479 45.00 Error in recording deposit of 11-21 9.00 139.00 Adjusted cash balance per books 12956.80 Date Account Titles and Explanation Debit Credit Nov. 30 Cash 2272.00 Accounts receivable 2272.00 (To record collection of accounts receivable) Nov. 30 Miscellaneous expense 85.00 Cash 85.00 (To record charge for printing company checks) Nov. 30 Accounts payable 45.00 Cash 45.00 (To correct error in recording check) Nov. 30 Accounts receivable 9.00 Cash 9.00 (To correct error in deposit)

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