Question

The bank statement and relevant portions of Baldwin Company's cash records for the month ended June 30, 2015 are given below. 3) Babi ce 22.242.92 18,583.92 Debit 10,050.00 31-May Deposit 01-Jun Cheque 3,659.00 126.00 3,290.00 868.00 1,424.00 252.00 882 18,457.92 15,167.92 14,299.92 12,875.92 12,623.92 15,303.92 13,190.14 11,020.71 9,772.71 12,692.71 10,323.71 3,654.71 2.202.71 1,946.71 5,641.71 01-Jun Cheque 01-Jan Cheque 03-Jun Cheque 04-Jun Cheque 09-Jun Deposi 12-Jun Cheque 883 884 885 886 2,680.00 2,113.78 2,169.43 1,248.00 887 12-Jun 12-Jm Cheque 18-Jun Deposit 2,920.00 20-Jun Cheque 21-Jun Cheque 890 891 892 893 2,369.00 6,669.00 1.452.00 256.00 24-Jun Cheque Cheque 29-Jun Deposit 3,695.00 Bank Statement Cheques ChargesDeposits Credits 31-May #884 12,192.92 868.00 3,290.00 126.00 6/1 10,050.00 883 #876 21,374.92 18,084.92 20,638.92 19,390.92 15,731.92 1 6,648.1 4 15,224.14 6/9 69 2,680.00 #889 #882 #887 612 1,248.00 6/14 3,659.00 6/18 2,003.78 6 20 1,424.00 6/18 2,920.00 #885 #891 #886 SC 621 6,569.00 6/29 6/30 252.00 89.30 8,655.14 8,403.14 8,313.84 6/30 Notes: Cheque #887 was recorded incomectly by the bookeeper for equipment purchase. Cheque #891 was recorded incorrectly by the bank. Prepare the bank reconciliation at June 30, 2015.

Answer 1

Baldwin company Bank reconcilation for the month ended June 30 2015
Balance as per Bank	8313.84	Balance as per company records	5641.71
Add:		Add:
Deposit in transit	3695	Error In recording equipment purchase [2113.78-2003.78]	110
less:		less:
Error in recording check no. 891 [6669-6569]	(100)	service charge	(89.30)
outstanding checks
check no. 888	(2169.43)
890	(2369)
892	(1452)
893	(256)
Adjusted balance as per bank	5662.41	Adjusted balance as per books	5662.41