Home Decorating Pavilion | |||||||
Bank Reconciliation Statement | |||||||
March 31,2019 | |||||||
Balance on Bank statement | 9,720 | ||||||
Addittions: | |||||||
Deposit in transit | 2,845 | ||||||
Check incorrectly charged to account | 545 | ||||||
3,390 | |||||||
13,110 | |||||||
Deductions for oustanding checks | |||||||
cheque #358 | 470 | ||||||
cheque #359 | 1,620 | ||||||
Total oustanding cheques | 2,090 | ||||||
Adjusted bank balance | 11,020 | ||||||
Balance in books | 9,962 | ||||||
Addittions: | |||||||
Error in recording cheque 341 | 50 | ||||||
Collection of note with interest | 1540 | ||||||
1590 | |||||||
11,552 | |||||||
Deductions: | |||||||
Service charge | 22 | ||||||
NSF | 510 | ||||||
532 | |||||||
Adjusted book balance | 11,020 | ||||||
Journal Entries | |||||||
Date | General Journal | Debit | Credit | ||||
3/31/2019 | Cash | 1540 | |||||
note receivable | 1,400 | ||||||
interest income | 140 | ||||||
3/31/2019 | Cash | 50 | |||||
Rent expense | 50 | ||||||
3/31/2019 | Service expense | 22 | |||||
cash | 22 | ||||||
3/31/2019 | Accounts receivable | 510 | |||||
cash | 510 | ||||||
On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9.720....
On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,660. The balance in the firm's checkbook and Cash account on the same date was $9,756. The difference between the two balances is caused by the items listed below. a. A $2,785 deposit made on March 30 does not appear on the bank statement b. Check 358 for $440 issued on March 29 and Check 359 for $1.560 issued on March 30 have not yet...
On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,660. The balance in the firm's checkbook and Cash account on the same date was $9,756. The difference between the two balances is caused by the items listed below. a. A $2,785 deposit made on March 30 does not appear on the bank statement b. Check 358 for $440 issued on March 29 and Check 359 for $1.560 issued on March 30 have not yet...
On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,800. The balance in the firm's checkbook and Cash account on the same date was $10,370. The difference between the two balances is caused by the items listed below. a. A $2,925 deposit made on March 30 does not appear on the bank statement. b. Check 358 for $510 issued on March 29 and Check 359 for $1,700 issued on March 30 have not yet...
On March 31, 2019, Home Decorating Pavillon received a bank statement showing a balance of $9.790. The balance in the checkbook and Cash account on the same date was $9,964. The difference between the two balances is caused by below. a. A $2,915 deposit made on March 30 does not appear on the bank statement. b. Check 358 for $505 issued on March 29 and Check 359 for $1,690 issued on March 30 have not yet been paid by the...
Help Save & Exit On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,840. The balance in the firm's checkbook and Cash account on the same date was $10.745. The difference between the two balances is caused by the items listed below. a. A $3.260 deposit made on March 30 does not appear on the bank statement. b. Check 358 for $560 issued on March 29 and Check 359 for $1.480 issued on March...
Di Stefano Office Supply Company received a bank statement showing a balance of $67,605 as of March 31, 2019. The firm's records showed a book balance of $69.439 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $42, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,300. 3. A check for $240 issued by another firm that was mistakenly charged...
DI Stefano Office Supply Company received a bank statement showing a balance of $67,655 as of March 31, 2019. The firm's record showed a book balance of $69,445 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $43, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,350. 3. A check for $241 issued by another firm that was mistakenly charged...
On August 31, 2019, the balance in the checkbook and the Cash account of the Dry Creek Bed and Breakfast was $12,370. The balance shown on the bank statement on the same date was $13,247. Notes The firms records indicate that a $1,550 deposit dated August 30 and a $711 deposit dated August 31 do not appear on the bank statement. A service charge of $7 and a debit memorandum of $370 covering an NSF check have not yet been...
Teng Corporation received a bank statement showing a balance of $14,950 as of October 31, 2019. The firm's records showed ab balance of $14,467 on October 31. The difference between the two balances was caused by the following items 1. A debit memorandum for an NSF check from Richard Wolf for $429. 2. Three outstanding checks: Check 7017 for $129. Check 7098 for $60, and Check 7107 for $1,610. 3. A bank service charge of $25. 4. A deposit in...
Teng Corporation received a bank statement showing a balance of $14.550 as of October 31, 2019. The firm's records showed a book balance of $14.139 on October 31. The difference between the two balances was caused by the following items 1. A debit memorandum for an NSF check from Richard Wolf for $421. 2. Three outstanding checks: Check 7017 for $121, Check 7098 for $52, and Check 7107 for $1,530, 3. A bank service charge of $17. 4. A deposit...