Cash Payments Journal all checks are payments on account April 2017 CASH RECEIPT

Question

Cash Payments Journal all checks are payments on account April 2017 CASH RECEIPTS JOURNAL April 2017 DATE CHK PAYEE Note: ALL cash receipts are collections on ACCOUNT 1 137 CashGrabber Realty 7,800.00 3 139 Natarnicola's Commissary 4 140 Julia's Supplies & Amenities 4 141 Columbian Coffee Co. DATE 7 142 Billy's Beans 1,620.00 3,726.00 7 143 Sister's of the Dreadful LAMs 9 144 Petty Cash 463.00 9 145 Verizon 13 148 Danielle's Donuts 120.00 278.65 135.60 760.00 13 147 The Daily Planet-key 15 148 Man Wa's Cuccina De' Casa 1,944.00 16 149 BP- AMOCO 19 150 AMEX 2,235.60 20 151 Maldarelli Brothers Trucking, Inc. Transit 988.00 21 153 Philo Kvetch 22 154 J. Pace 22 155 R. Weinstein 24 156 Frank's Yankee Paraphernalia 24 157 Verizon Wireless 27 158 Scrooge National Bank 29 159 L. Nguyen, CPA 29 160 NYS Income Tax 30 161 Squeegy Window Cleaning 5.03 Other Information 463.34 2,650.00 Book Balance 31-Mar-17 7,089 65.00 Total Checks Disbursed 30,865.3 99.60 nstructions: 224.00 ased upon the information provided prepare 642.85 1,100.25 A bank reconciliation for the month ended April 30, 2017 (assume errors, if any, are made by the company) 65.50 The necessary journal entries relative to the reconciliation (all checks disbursed are payments on account) Deposit in Transit 31-Mar-17 $527

Explanation / Answer

Tammy Bank reconciliation statement as at 30 April, 2017 $ $ Balance as per bank statement    4,019.12 Add: Outstanding deposit    5,141.88    9,161.00 Deduct: Unpresented cheques 92       122.13 131       642.85 143            0.99 155            5.03 160       725.00 161          65.00          1,561 Adjusted balance as per Cash at bank account          7,600 Ending balance per business records (7,089.42 + 33,573.68 -30,865.31)    9,797.79 Add:        WT Deposits       158.50 Error in Ch no 144          27.00       185.50    9,983.29 Deduct: Error in deposits of April 2(3726-3276)       450.00 Health management    1,303.00 Monthly service charges          35.29 Staples Office supplies       595.00    2,383.29 Adjusted balance as per Cash at bank account          7,600 Journal Cash $   185.50 WT Deposits $   158.50 Petty Cash $     27.00 Accounts Receivable       450.00 Insurance Expense    1,303.00 Bank charges          35.29 Office Supplies       595.00 Cash    2,383.29

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