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Required information P66 Algo Computing Outstanding Check.pdf

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Required information P6-6 (Algo) Computing Outstanding Checks and Deposits in Transit and Preparing a Bank Reconciliation and Journal Entries LO6-4 [The following information applies to the questions displayed below.] The August, current year, bank statement for Allison Company and the August, current year, ledger account for cash follow: $2,950 interest collected. t Bankservicecharge. Outstanding checks at the end of July were for $325,$460, and $335. No deposits were in transit at the end of July. P6-6 Part 1 Required: 1. Compute the deposits in transit at the end of August by comparing the deposits on the bank statement to the deposits listed on the cash ledger account..

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Required information P6-6 (Algo) Computing Outstanding Checks and Deposits in Transit and Preparing a Bank Reconciliation and Journal Entries LO6-4 [The following information applies to the questions displayed below.] The August, current year, bank statement for Allison Company and the August, current year, ledger account for cash follow: $2,950 interest collected. t Bankservicecharge. Outstanding checks at the end of July were for $325,$460, and $335. No deposits were in transit at the end of July. P6-6 Part 1 Required: 1. Compute the deposits in transit at the end of August by comparing the deposits on the bank statement to the deposits listed on the cash ledger account.

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  • 1. Required information P6-6 (Algo) Computing Outstanding Checks and Deposits in Transit and Preparing a Bank Reconciliation and Journal Entries LO6-4 [The following information applies to the questions displayed below.] The August, current year, bank statement for Allison Company and the August, current year, ledger account for cash follow: $2,950 interest collected. t Bankservicecharge. Outstanding checks at the end of July were for $325,$460, and $335. No deposits were in transit at the end of July. P6-6 Part 1 Required: 1. Compute the deposits in transit at the end of August by comparing the deposits on the bank statement to the deposits listed on the cash ledger account.