Question

2nd The internal auditor of the Wilson Corporation is preparing the November 30, 2019 bank reconciliation. The auditor uses the following procedures to reconcile the bank statement to general ledger cash balance of 55,322.69. 1. Trace outstanding items on the bank reconciliation for the previous month to the current bank statement. The October 31 reconciliation included the following: S420.00 Deposit in transit Outstanding checks Number 149 Number 154 Number 155 $125.00 56.25 135.00 2. Compare the deposits made during the month in the accounting records to the deposits on the bank statement. Wilson Corporation made the following deposits during November November 2...... November 7..... November 10........ November 14. November 17... $630.00 November 21...... 560.80 November 26....... 480.25 November 29........... 525.00 November 30... 270.25 S640.20 475.00 471.40 225.00 3. Compare the checks issued during the month to the checks on the bank statement. Wilson Corporation recorded the following checks during November Number 156.............. Number 157... Number 158. Number 159...... Number 160.. Number 161.... Number 162 Number 163 Number 164...... S315.10 Number 165.. 233.26 Number 166... 27.14 Number 167. 725.00 Number 168... 315.37 Number 169... 76.40 Number 170.. 325.60 Number 171... 450.00 Number 172 239.00 Number 173.. $ 65.70 482.43 301.66 149.50 260.00 122.50 370.10 450.00 240.50 4. Scan the bank statement for charges and credits not yet reflected in the general ledger. 5. Check for errors. The Wilson Corporation recorded check number 159 as $725.00. The correct amount of $275.00 appears on the bank statement. The check was written to pay for office supplies.

my numbers arent adding up.. help please

Answer 1

Bank Reem ciliapio Slolens 3016 Nov, Dog Amount (9) kommt (9) 5, 3.22.69 Pankilan a Balance as per General Leelgen A Cheque deposited but not Cleaned (deposited on Nov. 30) (295eu Ao Cheque Torceed but not Presented for payment Ch. No. 167. Ch. No 168 Ch. No. 172 Cholino 173 301.66 149.50 450.00 200-5001,147766 to 1,141.66 Add Amount dineefly credited/ deposited in bank statement 300.00 Lull Bank (50:40] U Changes in ($35.40+ $5.00 +41010 Balance as pen Bank Statement 6,488.95 (i) Jounnal Entries Bank Changes Alc---D_ To cash Alc (Being bank Changes reconded in the books of account) $50.40 $50.40

$450.ru 6) Cash Bank All ----Dm $450.00 To creditor All as Being the rectification entry passed for $450 for wrong amount entened in Balance as pen Leagen & 5,322.69 Add: Reetification entry for wrong entry 450.00 Lew: Bank Changes . (50.40) Balance for cash = $5,722.29