a)
Seattle Boat Company | |
Bank Reconciliation Statement | |
September. 30 | |
Balance as per Bank Statement | $15,400.00 |
Add: | |
Deposits in transit | $11,440.00 |
Error by bank | |
Less: | |
Outstanding Checks | ($12,760) |
Adjusted Balance as per Bank Statement | $14,080.00 |
Balance as per Cash Book | $12,450.00 |
Add: | |
Note borrowed from Bank | $2,772 |
Error by company ($1,078 - $900) | $178 |
Less: | |
Bank Service Charge | ($88) |
NSF Check | ($1,232) |
Adjusted Balance as per Cash Book | $14,080.00 |
b) | |||
GENERAL JOURNAL | |||
Date | Description | Debit | Credit |
Sep.30 | Cash | $178 | |
Accounts Payable | $178 | ||
(To correct the error by company) | |||
Sep.30 | Cash | $2,772 | |
Note Receivable | $2,640 | ||
Interest Receivable | $132 | ||
(To record the collection of note with interest) | |||
Sep.30 | Bank Service Charges | $88 | |
Cash | $88 | ||
(To record the service charges) | |||
Sep.30 | Accounts Receivable | $1,232 | |
Cash | $1,232 | ||
(To reclassify NSF check as an account receivable) |
Bank Reconciliation The Seattle Boat Company's bank statement for the month of September indicated a balance...
Bank Reconciliation The Seattle Boat Company’s bank statement for the month of September indicated a balance of $13,375. The company’s cash account in the general ledger showed a balance of $9,778 on September 30. Other relevant information includes the following: Deposits in transit on September 30 total $9,700. The bank statement shows a debit memorandum for a check printing charge of $95. Check number 238 payable to Simon Company was recorded in the accounting records for $496 and cleared the...
1. CUNILIUL L UI howed a balance of Bank Reconciliation The Seattle First Company's bank statement for the month of September: cated a balance of $13,375. The company's cash account in the general ledger showed a bal $10,030 on September 30. Other relevant information includes the following: 1. Deposits in transit on September 30 total $9,850. 2. The bank statement shows a debit memorandum for a $95 check printing charge. 3. Check number 238 payable to Simon Company was recorded...
Seaside Boat Company's bank statement for the month of September showed a balance per bank of $7,000. The company's Cash account in the general ledger had a balance of $4,667 at September 30. Other information is as follows: (1) Cash receipts for September 30 recorded on the company's books were $4,200 but this amount does not appear on the bank statement. (2) The bank statement shows a debit memorandum for $40 for check printing charges. (3) The total amount of...
Lyleen Boat Company's bank statement for the month of September showed a balance per bank of $7,000. The company's Cash account in the general ledger had a balance of $5,459 at September 30. Other information is as follows: (1) Cash receipts for September 30 recorded on the company's books were $5,700 but this amount does not appear on the bank statement. (2) The bank statement shows a debit memorandum for $40 for check printing charges. (3) Check No. 119 payable to Mann Company...
Laymon Boat Company's bank statement for the month of September showed a balance per bank of $7,000. The company's Cash account in the general ledger had a balance of $4,667 at September 30. Other information is as follows: (1) Cash receipts for September 30 recorded on the company's books were S5,000 but this amount does not appear on the bank statement. (2) The bank statement shows a debit memorandum for $60 for check printing charges. (3) Check No. 119 payable...
Exercise 202 The Hartman Boat Company's bank statement for the month of November showed a balance per bank of $7,000. The company's Cash account in the accounting records had a balance of $5,659 at November 30. Other information is as follows: (1) Cash receipts for November 30 recorded on the company's books were $6,000 but this amount does not appear on the bank statement. (2) The bank statement shows a debit memorandum for $40 for check printing charges. (3) Check...
The Oriole Boat Company's bank statement for the month of November showed a balance per bank of information is as follows: the company's Cash court in the general lederhad balance of 57378 November Other (1) Cash receipts for November 30 recorded on the company's books were $7630 but this amount does not appear on the bank statement (2) The bank statement shows a debit memorandum for $40 for check printing charges (3) Check No 119 payable to Ivanhoe Company was...
The Pharoah Boat Company's bank statement for the month of November showed a balance per bank of $8,900. The company's Cash account in the general ledger had a balance of $6,269 at November 30. Other information is as follows: (1) Cash receipts for November 30 recorded on the company's books were $6,390 but this amount does not appear on the bank statement. (2) The bank statement shows a debit memorandum for $50 for check printing charges. (3) Check No. 119...
PROBLEM 4: 25 POINTS White Water Kayak Company's bank statement for the month of September showed a balance per bank of $6,900. The company's Cash account in the general ledger had a balance of $5,573 at September 30. Other information is as follows: (1) Cash receipts for September 30 recorded on the company's books were $5,850 but this amount does not appear on the bank statement (2) The bank statement shows a debit memorandum for $25 for check printing charges...
PROBLEM 4:25 POINTS White Water Kayak Company's bank statement for the month of September showed a balance per bank of $6,900. The company's Cash account in the general ledger had a balance of $5,573 at September 30. Other information is as follows: (1) Cash receipts for September 30 recorded on the company's books were $5,850 but this amount does not appear on the bank statement (2) The bank statement shows a debit memorandum for $25 for check printing charges. (3)...