Question
a. The August 31 balance snown on the bank statement is $9,811. b. There is a deposit in transit of $1,279 at August 31. c.
a. The August 31 balance snown on the bank statement is $9,811. b. There is a deposit in transit of $1,279 at August 31. c. Outstanding checks at August 31 totaled $1,887. d. Interest credited to the account during August but not recorded on the company's books amounted to $109. e. A bank charge of $38 for checks was made to the account during August. Although the company was expecting a charge, the amount was not known until the bank statement arrived. f. In the process of reviewing the canceled checks, it was determined that a check issued to a supplier in payment of accounts payable of $637 had been recorded as a disbursement of $354. g. The August 31 balance in the general ledger Cash account, before reconciliation, is $9,415. Required: Prepare a bank reconciliation as of August 31 from the above information. Balance per bank Add: Deduct Reconciled balance Bank Reconciliation August 31 Balance per books Add Deduct Reconciled balance
a. Ine August s balance snown on the bank statement is y,. b. There is a deposit in transit of $1,279 at August 31. c. Outstanding checks at August 31 totaled $1,887. d. Interest credited to the account during August but not recorded on the company's books amounted to $109. e. A bank charge of $38 for checks was made to the account during August. Although the company was expecting a charge, the amount was not known until the bank statement arrived. f. In the process of reviewing the canceled checks, it was determined that a check issued to a supplier in payment of accounts payable of $637 had been recorded as a disbursement of $354. g. The August 31 balance in the general ledger Cash account, before reconciliation, is $9,415. Required: Prepare a bank reconciliation as of August 31 from the above information. Refer to the information given below: a. The August 31 balance shown on the bank statement is $9,811. b. There is a deposit in transit of $1,279 at August 31. c. Outstanding checks at August 31 totaled $1,887. d. Interest credited to the account during August but not recorded on the company's books amounted to $109. e. A bank charge of $38 for checks was made to the account during August. Although the company was expecting a charge, the amount was not known until the bank statement arrived. f. In the process of reviewing the canceled checks, it was determined that a check issued to a supplier in payment of accounts payable of $637 had been recorded as a disbursement of $354. g. The August 31 balance in the general ledger Cash account, before reconciliation, is $9,415. Required: Prepare a bank reconciliation as of August 31 from the above information. e. A bank charge of $38 tor checks was made to the account during August. Although the company was expecting a charge, the amount was not known until the bank statement arrived. f. In the process of reviewing the canceled checks, it was determined that a check issued to a supplier in payment of accounts payable of $637 had been recorded as a disbursement of $354. g. The August 31 balance in the general ledger Cash account, before reconciliation, is $9,415. Required: Prepare a bank reconciliation as of August 31 from the above information
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