Homework Answers
Cash balance as per books at November 30 = Balance as per books on October 31 + Receipts - Disbursement
= 115,081.59+477,190.75-453,457.24
= $138,815.10
|
BRIDGEPORT INC. |
||
|
Bank Reconciliation |
||
| November 30 | ||
|
Cash balance according to bank statement |
154,754.05 |
|
|
Adjustments: |
||
|
Deposit in transit |
5,267.35 |
|
|
Outstanding check |
||
| 1224 | -4,497.05 | |
| 1230 | -6,787.83 | |
| 1232 | -5,844.16 | |
| 1233 | -1,325.97 | |
|
Total adjustments |
-13,187.66 |
|
|
Adjusted balance |
$141,566.39 |
|
|
Cash balance according to company's record |
138,815.10 | |
|
Adjustments: |
||
|
Bond interest |
3,850 | |
|
Bank service charge |
-75.35 |
|
|
NSF Check |
-1,023.36 | |
|
Total adjustments |
2,751.29 |
|
|
Adjusted balance |
$141,566.39 |
|
|
Date |
General Journal |
Debit |
Credit |
| November 30 |
Cash |
$3,850 |
|
|
Interest revenue |
$3,850 |
||
| ( To record interest) | |||
| November 30 |
Bank service charge |
$75.35 |
|
|
Cash |
$75.35 |
||
| ( To record bank service charge) | |||
|
November 30 |
Accounts receivable |
$1,023.36 |
|
|
Cash |
$1,023.36 |
||
| ( To record NSF Check) |
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