Answer | ||
HOME DECORATING PAVILION | ||
Bank Reconciliation | ||
March 31, 2019 | ||
Balance on bank statement | $ 9,660 | |
Additions: | ||
Deposit in transit | $ 2,785 | |
Bank error in recording of check | $ 515 | |
$ 3,300 | ||
$ 12,960 | ||
Deductions for outstanding checks: | ||
#358 | $ 440 | |
#359 | $ 1,560 | |
$ 2,000 | ||
Adjusted bank balance | $ 10,960 | |
Balance in books | $ 9,756 | |
Additions: | ||
Error in recording of check 341 | $ 50 | |
Note collected by bank | $ 1,650 | |
$ 1,700 | ||
$ 11,456 | ||
Deductions: | ||
Service charges | $ 16 | |
NSF Check | $ 480 | |
$ 496 | ||
Adjusted balance | $ 10,960 |
Date | Account title | Debit | Credit |
March 31, 2019 | Cash | $ 1,650 | |
Note receivable | $ 1,500 | ||
Interest revenue | $ 150 | ||
March 31, 2019 | Cash | $ 50 | |
Rent expenses | $ 50 | ||
March 31, 2019 | Bank service charges/Misc. expense | $ 16 | |
Cash | $ 16 | ||
March 31, 2019 | Accounts receivable | $ 480 | |
Cash | $ 480 |
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On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,660....
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