#5

QUESTION: After the reconciliation journal enteies are posted, what balance will be reflected in the Cash account in the ledger?

The bookkeeper at Tony Company has asked you to prepare a bank reconciliation as of February 29. The February bank statement and the February T-account for cash showed the following (summarized): BANK STATEMENT Deposits Checks Other #101 $ 15,500 $ 8,000 NSF $ 330 #102 #103 Balance, February 1 February 2 February 4 February 5 February 9 February 12 February 14 February 19 February 23 February 26 February 27 February 28 11,300 7,700 Balance $ 51,100 35,600 43,600 43,270 31,970 24,270 34, 770 25, 470 40,020 33,120 33,290 33,250 10,500 #104 9,300 14,550 105 6,900 Interest earned Service charge 170 40 Cash (A) Debit Balance Credit February 1 February 2 February 13 Tebruary 21 February 28 51,100 8,000 10,500 14,550 8,000 15,500 11,300 7.900 9,300 6.900 1,250 February 1 February 7 February 11 February 17 February 25 February 29 W101 #102 103 #104 #105 #106 February 29 Balance 40,200 Tony Company's bank reconciliation at the end of January showed no outstanding checks. No deposits were in transit at the end of January, but a deposit was in transit at the end of February Journal entry worksheet Record the return of the customer check of $330 due to insufficient funds. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry Journal entry worksheet