Acc 105 Chapter 7 Assessment Problems Problem 1 The records of Jansen Investments show the following items. 1. The bank statement for August 2020 shows an ending balance of $3,390. The company's Cash account at the end of August shows a balance of $763 2. On August 31 the bank statement shows charges of $35 for the service charge for maintaining the checking account. 3. On August 30 the bank statement shows a returned check of $100 marked "NSF." The check was deposited August 28th 4. The bank statement shows a charge of $80 for check printing on August 20. 5. The bank statement shows that $8 was added to the checking account on August 31 for interest earned by the company during the month of August. 6. The bank statement shows that a note receivable of $1,000 was collected by the bank on August 29 and was deposited into the company's account. 7. During the month of August the company wrote checks totaling more than $50,000. As of August 31 $3,221 of the checks written in August had not yet cleared the bank. 8. The $1,450 of cash received by the company on August 31 was recorded on the company's books as of August 31. However, the $1,450 of cash receipts was deposited at the bank on the morning of September 1. 9. On August check #629 for purchase of office supplies was written for $429, however, when the transaction was entered into the accounting records, it was incorrectly recorded as $492. Required a. Prepare the bank reconciliation for August 31st. I

Ace 105 Chapter 7 Assessment Problems Problem 1 The records of Jansen Investments show the following items. 1. The bank statement for August 2020 shows an ending balance of $3,390. 2. The company's Cash account at the end of August shows a balance of 5763 On August 31 the bank statement shows charges of $35 for the service charge for maintaining the checking account. 3. On August 30 the bank statement shows a retumed check of $100 marked "NSF" The check was deposited August 28th 4. The bank statement shows a charge of $80 for check printing on August 20. 5. The bank statement shows that $8 was added to the checking account on August 31 for interest eamed by the company during the month of August. 6. The bank statement shows that a note receivable of $1,000 was collected by the bank on August 29 and was deposited into the company's account. 7. During the month of August the company wrote checks totaling more than $50,000. As of August 31 S3,221 of the checks written in August had not yet cleared the bank. 8. The $1,450 of cash received by the company on August 31 was recorded on the company's books as of August 31. However, the $1,450 of cash receipts was deposited at the bank on the moming of September 1. 9. On August check 1629 for purchase of office supplies was written for $429, however, when the transaction was entered into the accounting records, it was incorrectly recorded as $492. Required a. Prepare the bank reconciliation for August 31 t4. Ace 105 Chapter 7 Assessment Problems Problem 1 The records of Jansen Investments show the following items. 1. The bank statement for August 2020 shows an ending balance of $3,390. 2. The company's Cash account at the end of August shows a balance of 5763 On August 31 the bank statement shows charges of $35 for the service charge for maintaining the checking account. 3. On August 30 the bank statement shows a retumed check of $100 marked "NSF". The check was deposited August 28th 4. The bank statement shows a charge of $80 for check printing on August 20. 5. The bank statement shows that $8 was added to the checking account on August 31 for interest eamed by the company during the month of August. 6. The bank statement shows that a note receivable of $1,000 was collected by the bank on August 29 and was deposited into the company's account. 7. During the month of August the company wrote checks totaling more than $50,000. As of August 31 $3,221 of the checks written in August had not yet cleared the bank. 8. The $1,450 of eash received by the company on August 31 was recorded on the company's books as of August 31. However, the $1,450 of eash receipts was deposited at the bank on the moming of September 1. 9. On August check 11629 for purchase of office supplies was written for $429, however, when the transaction was entered into the accounting records, it was incorrectly recorded as $492. Required a. Prepare the bank reconciliation for August 31tht