National Bank of America Business Checking Statement N Willow Ave 12037661 Accou

Question

National Bank of America Business Checking Statement N Willow Ave 12037661 Account Number Balance Ref. WithdrawlsDeposits Description Previous bafance 18,224.70 17,443701 17,061.20 19,499.20 18,213.70 18,163.70 16,714.10 16,214.10 19,112.1 18 20,482.1 12,449 o. 1783 Telephone bill 2,438.00 No.1782 Safety deposit box Equipment No.1784 No.2417 ome Depot 2,898.001 431.8 801 No.1787 8,032.50 7,350.00 t Memo 19,735.70 21,814.70 21,160.70 21,058.7O 21,091.70 21,077.70 iscellaneous No.1785 2,079.00 Advertising 654.00 No.1788 k printing fee Interest 33.00 Service Charge Shamara Systems Debits nsCredits 1-May Total receipts 31 16017.8 27,96190 12,978 60 14,983 30 944.1 Cash receipts 2,438.00 1,801.80 2,079.00 Total 11,944.10 Check No. Amount 1785 Total

Explanation / Answer

Solution:

Shamara System Bank Reconciliation - May 31 Bank's Cash balance Company's cash balance Particulars Amount Particulars Amount Ending balance as per Bank Statements $21,077.70 Ending Balance as per cash books $14,983.30 Additions: Additions: Outstanding cash receipt $2,727.30 Notes received $7,350.00 Incorrect recording of cheque $500.00 Interest earned $33.00 Deductions: Deductions: Outstanding Checks ($1,425.90 + $353.10 $639.50 + $128) $2,546.50 NSF Cheque $431.80 Safety deposit box expense $50.00 Incorrect recorded of utility payment ($654 - $644) $10.00 Printed check charges $102.00 Service Charges $14.00 Up to date cash balance as per bank $21,758.50 Up to date cash balance as per books $21,758.50

Related Questions

Navigate

• Browse (All)
• Browse N
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.