Question

Graded Homework A Saved Help Sav Problem 4-21 Adjustments to the cash account based on the bank reconciliation LO 4-3 Determine whether the following items included in Wong Company's January 2018 bank reconciliation will require adjustments on Wong's books and indicate the amount of any necessary adjustment (Deductible amounts should be indicated with minus sign.) a. Service charges of $50 for the month of January were listed on the bank statement. b. The bank charged a $250 check drawn on Wing Restaurant to Wong's account. The check was included in Wong's bank statement. C. A check of $62 was returned to the bank because of insufficient funds and was noted on the bank statement. Wong received the check from a customer and thought that it was good when it was deposited into the account. d. A $990 deposit was recorded by the bank as S980. e. Four checks totaling $810 written during the month of January were not included with the January bank statement. f. A $75 check written to Office Max for office supplies was recorded in the general journal as S57 g. The bank statement indicated that the bank had collected a $450 note for Wong h. Wong recorded $900 of receipts on January 31, 2018, which were deposited in the night depository of the bank. These deposits were not included in the bank statement Reconciling Items Book Balance Amount Added or Adjusted? Subtracted? < Prey 2 of 2 !! Next re to search

Answer 1

Answer-

Item	Book balance adjustment	Amount
a	Yes	-50
b	No	0
c	Yes	-62
d	No	0
e	No	0
f	Yes	-18
g	Yes	450
h	No	0

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