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Bank Reconciliation
1. Lisa Beja is unable to reconcile the bank balance at January 31. Lisas reconciliation is as follows:
Cash balance per bank
Add: NSF check
Less: Bank service charge
Adjusted balance per bank
$3,660.20
590.00
25.00
$4225.20
$3,875.20
530.00
930.00
$4,275.20
H 101
ANSWERS:
1.
(a)
$3,660.20
530.00
4,190.20
930.00
$3,260.20
$3,875.20
$590.00
25.00
590.00
590.00
25.00
25.00
2.
Cash balance per bank ...................................................................................................................
Add: Deposits in transit.............................................................................................................
Less: Outstanding checks ...........................................................................................................
Adjusted cash balance per bank.................................................................................................
3.
Cash balance per books .................................................................................................................
Add: Interest earned .................................................................................................................
Less: Charge for printing company checks..............................................................................
Adjusted cash balance per books...............................................................................................
4. Adjusted bank statement and ledger balance: $8,495.00
journalize: cash
606
cash
N/R
600
A/P
Interest
6
error #2001
Misc exp
Cash
A/R
5.50
125
5.50
R.L. Drawing
cash
615.00
$3,260.20
$7,420
1,620
9,040
762
$8,278
$8,900
40
8,940
35
$8,905
20
5.50
H 101
Cash
NSF check
125