On April 30, the bank reconciliation of Westbrook Company shows three outstanding checks

On April 30, the bank reconciliation of Westbrook Company shows three outstanding checks no. 254, $650, no. 255, $620, and no. 257, $410. The May bank statement and the May cash payments journal show the following.

Instructions

Using reconciliation procedure, list the outstanding checks at May 31

Solution

Westbrook Company
List of Outstanding checks

Problems: Fraud, Internal Control, and Cash

Problem-3: Fraud, Internal Control, and Cash

The bank portion of the bank reconciliation for Langer Company at November 30, 2019, was as follows Langer CompanyBank ReconciliationNovember 31, 2019 The adjusted cash balance per bank agreed with...

Problem-2: Fraud, Internal Control, and Cash

On May 31, 2019, Rober Company had a cash balance per books of $6,781.50. tha bank statement from New York State Bank on that date showed a balance of $6,404.60....

Problem-1: Fraud, Internal Control, and Cash

Forney Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period. July 1Established petty cash fund by writing a check on Scranton Bank...

Problem-4: Fraud, Internal Control, and Cash

Rodriguez Company maintains a checking account at the Imura Bank. At July 31 selected data from the ledger balance and the bank statement are shown below Analysis of the bank...

Problem-5: Fraud, Internal Control, and Cash

Setterstrom Company established a petty cash fund on May 1, cashing a check for $100. The company reimbursed the fund on June 1 and July 1 with the following results....

Problem-6: Fraud, Internal Control, and Cash

Horvath Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty cash receipts were found in...

Problem-7: Fraud, Internal Control, and Cash

Don Wyatt is unable to reconcile the bank balance at January 31. Don's reconciliation is as follows Instructions Prepare the bank reconciliation Pprepare the necessary adjusting entries required by the...

Problem-8: Fraud, Internal Control, and Cash

On April 30, the bank reconciliation of Westbrook Company shows three outstanding checks no. 254, $650, no. 255, $620, and no. 257, $410. The May bank statement and the May...

Problem-9: Fraud, Internal Control, and Cash

The following information pertains to Crane Video Company Cash balance per bank, July 31, $7,263. July bank service chrge not recorded by the depositor $28. Cash balance per books, July...

Problem-10: Fraud, Internal Control, and Cash

The information below relates to the cash account in the ledger of Mintion Company. Balance September 1-$17,150; Cash deposited-$64,000. Balance September 30-$17,404; Cash written-$63,746. The September bank statement shows a...

Problem-11: Fraud, Internal Control, and Cash

The cash records of Dawes Company show the following four situations. The June 30 bank reconciliation indicated that deposited in transit total $920. During July, the general ledger account cash...

Fraud, Internal Control, and Cash

Problem-8: Fraud, Internal Control, and Cash

Instructions

Solution

Latest Articles