Simple Bank Reconciliation Study Appendix 6. St. Luke's Hospital has a bank account. Consider the following information:
Question:
Simple Bank Reconciliation Study Appendix 6. St. Luke's Hospital has a bank account. Consider the following information:
a. Balances as of July 31: per books, $47,000; per bank statement, $32,880.
b. Cash receipts of July 31 amounting to $9,000 were recorded and then deposited in the bank's night depository. The bank did not include this deposit on its July statement.
c. The bank statement included service charges of $120.
d. Patients had given the hospital some bad checks amounting to $11,000. The bank marked them NSF and returned them with the bank statement after charging the hospital for the $11,000. The hospital had made no entry for the return of these checks.
e. The hospital's outstanding checks amounted to $6,000. Required 1. Prepare a bank reconciliation as of July 31. 2. Prepare the hospital journal entries required by the given information. Problems
Step by Step Answer:
Introduction To Financial Accounting
ISBN: 0131479725
9th Edition
Authors: Charles T Horngren, John A Elliott