The bank portion of the bank reconciliation for the Fixar Company at January 31,

Question

The bank portion of the bank reconciliation for the Fixar Company at January 31,2018 is as follows: FIXAR COMPANY Bank Reconciliation January 31, 2018 Cash balance per bank Add: Deposits in transit $13,581.90 15,014.70 Less Outstanding checks Check Number Check Amount 3351 $1,089.20 930.40 844.50 734.90 1,050.00 1,396.60 3370 3371 3372 3374 3375 6,045.60 Adjusted cash balance per banlk 58,969.10 The adjusted cash balance per bank agreed with the cash balance per books at January 31". The February bank statement showed the following checks and deposits. Bank Statement. Checks Number 3370 3371 374 3376 3377 3379 3380 3381 3383 3386 3389 3392 Total Deposit Amount Date 930.40 $1,43280 1,451.50 890.10 2-6 2-7 2-10 2-15 2-18 . 2-27 2-28 2-28 2-28 2-18 1,740.00 1,330.00 695.40 2-20 2-25 2,836.00 2,567.30 2-27 2,350.00 2-28 Total S16,761.40 1,210.45 542.00 12,948.50

Explanation / Answer

Bank Reconciliation February 28 2018 Company's Book Bank statement Book balance 11118.8 Bank statement Balance 17381.45 Additions:   Deposit of Feb 20 2018 $2,456 Add 2456 Proceeds of note less collection charge 1895 1895 Deductions $19,837 13013.8 Check No 3351 1089.2 Deductions Check No 3372 734.9 Error in recording cash receipt (2863-2836) 27 Check No 3375 1396.6 Error in recording check no 3397 270 Check no 3378 538.2 Printing charges 75 372 Check no 3382 547 Check no 3384 730.75 Check no 3385 882.3 Adjusted Book balance 12641.8 Check no 3387 526.7 Check no 3388 750 7195.65 Adjusted Bank Balance $12,641.80 ans 2 Accounts Title Dr Cr Cash $1895 Miscelleneous expenses 20 Notes receivable 1800 Interest revenue 115 CAsh 27 Accounts receivable 27 Miscelleneous expenses 75 Cash 75 Accounts payable 270 Cash 270

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