The following information is for Tindall Company in September: E7-8 1. Cash bala

Question

The following information is for Tindall Company in September: E7-8 1. Cash balance per bank, September 30, $7,100. 2. Cash balance per books, September 30, $5,470 3. Outstanding cheques, $3,120. 4. Bank service charge, $22. 5. NSF cheque from customer, $220. 6. Deposits in transit, $1,380 7. EFT receipts from customers in payment of their accounts, $78 8. Cheque #212 was correctly written and posted by the bank as $428. Tindall Company had recorded the Cheque Prepare bank reconciliation and related entries. (LO 4) AP as $482 in error. The cheque was written for the purchase of supplies. Instructions (a) Prepare a bank reconciliation at September 30, 2017. (b) Journalize the adjusting entries at September 30, 2017, on Tindall Company's books.

Explanation / Answer

a)

Bank reconcilation

for the period ending september 30 2017

b)

Bank reconcilation

for the period ending september 30 2017

Balance as per Bank 7100 Balance as per book 5470 Outstanding checks (3120) Bank service charge (22) Deposit in transit 1380 NSF (220) EFT 78 Error made in books [482-428] 54 Adjusted balalnce 5360 Adjusted balance 5360

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