Given the following information, prepare Tommy\'s Furniture Bank Reconc. As of 6
ID: 2422460 • Letter: G
Question
Given the following information, prepare Tommy's Furniture Bank Reconc. As of 6/30/2015
Also prepare any necessary gen. journal entries
Balance Per Bank Statement, 6-30-15 …………………………………… 29,983.87
Balance Per Cash Acct., General Ledger, 6-30-15 …………………………. 25,112.60
Checks written but not cleared by the bank as of 6-30-15
# amt.
4521 4,188.14
4536 1,700.65
4544 325.14
4545 369.84
4546 401.51
4547 991.54
4548 18.66
Tomm'y Furniture's last deposit of June did not appear on the bank statement 1,530.81
Company check #4538 was correctly cashed by the bank for 780.00
However the company recorded the check as ……………………………………. 87.00
A customer's check "bounced". The bank recorded it. We didn't. ………… 1,319.19
On the bank statement the following subt. were made but we have yet to record them:
EFT Insurance payment 425.00
Service charges 33.40
On the bank statement the following addition was made but we have yet to record it:
Interest Income 877.19
Please help me by answering correct way.
Thanks
Explanation / Answer
Tommy's Furniture (All amounts in $) Bank Reconciliation Statement as on 30.06.2015 Balance as per Bank Book General Ledger 25,112.60 Add : Cheques issued but not presented Ch.No. Amount 4521 4,188.14 4536 1,700.65 4544 325.14 4545 369.84 4546 401.51 4547 991.54 4548 18.66 7,995.48 Less : Cheque deposited not cleared -1,530.81 Less : Cheque #4538 issued short accounted in books -693.00 Less : Bounced Cheque of Customer -1,319.19 Less : Debits in Bank Statement EFT Insurance Payment -425.00 Service Charges -33.40 -458.40 Add : Bank Interest not accounted in books 877.19 4,871.27 Balance per Bank Statement 29,983.87
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