Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

off http://ezto . clie Chapter 5 Quiz 0 83 points Problem 5-176 ILO 5-4 You have

ID: 2549828 • Letter: O

Question

off http://ezto . clie Chapter 5 Quiz 0 83 points Problem 5-176 ILO 5-4 You have received the bank statement for your company's account and need to reconcile it with your general ledger cash account. Your records show an ending balance for the month of $12,722.40 while the bank's records show an ending balance of $12.232.56. The bank charged $9 30 in service fees and paid $25.75 in interest All but three checks writen during the month were processed by the bank without incident during the month. The three exceptions were (1)Check #841 was correctly processed by the bank as $781.27 but was mistakenly recorded by you as $481.27 (2)Check #853 for $6257 had not yet been processed by the bank. (3) Check W855 for $673.46 had not yet been processed by the bank All but two of the deposits made during the month were processed by the bank without incident The two exceptons were: (1) A customer check for $322 95, which had been deposited during the month, was retumed NSF 2) A deposit totaling $619.37 had not yet been processed by the bank Required: Using the information provided above, prepare a bank reconciliation (Round your answers to 2 decimal places.) Updates to Bank Statement Updates Ending Cash Balance per Bank Statement Additions: Ending Cash Balance per B 0.00 Deductions: Cancel

Explanation / Answer

Bank Rconciliation Statement Updates to Bank Statement Updates to Cash Book Ending Cash balance as per bank statement 12232.56 Ending Cash balance as per cash book 12722.40 Additions: Additions:     Service charges 9.30    Interest credited by bank 25.75     Wrong entry for Check#841 300.00    Check # 853 62.57     NSF check 322.95    Check # 855 673.46     Deposit in transit 619.37 Total Additions 1251.62 Total Additions 761.78 Deductions: Deductions:    Interest credited by bank 25.75     Service charges 9.30    Check # 853 62.57     Wrong entry for Check#841 300.00    Check # 855 673.46     NSF check 322.95     Deposit in transit 619.37 Total Deductions 761.78 Total Deductions 1251.62 Balance as per Cash book 12722.40 Balance as per bank statement 12232.56

Related Questions

of the players and coaches, most layer players and 2.ches) were practicing on th
Question #3062695
of the primary tasks when writing a program is to analyze the intitial problem a
Question #3752664
of the questions remains unanswered. point) Consider the following two systems.
Question #3038854
of the radio tre Student/Assignment-Responses/submit?dep 17819206 how to get bri
Question #1874831
of the rewards program. You randomly select 10 college students and ask each to
Question #2908351
of the seats on Blue- ndustry average of 60%. The tour directorhas ( upancy coul
Question #2554330
of the second hat the trse iv) we do not have sufficient evidence that the true
Question #3367028
of the small intestine); the splenic artery (SPLEN-ik), which suppli ft gastric
Question #270322

Navigate

Previous
off all bad debts. Ull 3. Claireco use the allowance method to write 281/17 an a
Next
off the loan by making annual payments for the next four years at the end of eac

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