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1. BE.04.18.ALGO Bank Reconciliation 2. BE.04.19.ALGO Tosh Corp. prepares monthly bank reconciliations as part of its cash controls. Tosh's bank provided the following amount about
1. BE.04.18.ALGO Bank Reconciliation 2. BE.04.19.ALGO Tosh Corp. prepares monthly bank reconciliations as part of its cash controls. Tosh's bank provided the following amount about Tosh's cash balance at the bank for during the month of April: 3. BE.04.21.ALGO $86,250 4. BE.04.22 Balance, April 30 Service charge for April Note ($4,000) and interest ($205) collected for Tosh from a customer 60 4,205 5. BE.04.24.ALGO Interest earned during April 110 6. BE.04.25 NSF check from Orange Corp. (deposited by Tosh) for goods purchased on account 445 7. EX.04.32 Tosh then analyzed its cash balance on its own set of books, revealing the following details: $83,135 Checking account balance per Tosh's books Deposit in transit at April 30 2,090 1,350 Outstanding checks as of April 30 Error in recording a check issued by Tosh. (Correct amount of the check is $549, but was recorded as a cash disbursement of $594. The check was issued to pay for merchandise originally purchased on account.) 45 Required: 1. Prepare a bank reconciliation at April 30 in proper form. Required: 1. BE.04.18.ALGO 1. Prepare a bank reconciliation at April 30 in proper form. ? 2. BE.04.19.ALGO Tosh Corp. Bank Reconciliation April 30 3. BE.04.21.ALGO Cash balance from bank statement 4. BE.04.22 Add: Deposit in transit 5. BE.04.24.ALGO Less: 6. BE.04.25 Outstanding checks 7. EX.04.32 Adjusted cash balance $ Cash balance from company records Add: Interest earned during April Note and interest collected Error recording check D D Less: Service charge NSF check Adicted choinnen 1. BE.04.18.ALGO o Cash balance from company records Add: Interest earned during April 2. BE.04.19.ALGO 3. BE.04.21.ALGO Note and interest collected Error recording check 4. BE.04.22 Less: 5. BE.04.24.ALGO Service charge NSF check 6. BE.04.25 Adjusted cash balance 7. EX.04.32 Feedback 2. Record any necessary adjusting journal entries. If an amount box does not require an entry, leave it blank. Bank Service Charge Expense Cash (Record bank service charge) Cash Il Income Revenue (Record interest)
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