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As the accounting clerk for Gemini Markets, you must prepare a reconciliation of Gemini's checking account as of March 31 using the information in the

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As the accounting clerk for Gemini Markets, you must prepare a reconciliation of Gemini's checking account as of March 31 using the information in the exhibits. In associated cells in the Adjustments column, choose the appropriate adjustment from the option list provided. In the Amounts column, enter the amount of the adjustment. The actual cash balance on March 31 will be automatically calculated, B Adjustments 2 Balance per Bank 1 Amounts 120 3 123 4 123 5 OOOOO 123 6 123 WWW.Vi vivid BookN 7 129 8 Actual Cash Balance - March 31 $ 9 10 Balance per books 11 12 13 14 15 120 16 Actual Cash Balance - March 31 $0 Unadjusted Trial Balance Unadiusted Trial Balance Gemini Market Trial Balance March 31, Year 1 3,640 325 6,500 6,000 1.500 4881 33.503 Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Sales revenue Sales discounts Sales returns Rent expense Insurance expense Salaries expense Cost of goods sold Deprec 101 75 3,500 1,100 14.750 3,593 300 39.884 39 Memo from GC to Auditor at XYZ Act. Merno from Gemini Controller to Auditor at XYZ Accounting Memorandum Date: April 5. Year 1 To: Accounting Clerk, Gemini Markets From: Controller, Gemini Markets RE Checking accounting reconciliation for March 31, Year 1 in preparing the bank reconciliation for March 31. Year 1, piease note the following: A deposit of $8.400 was dropped off in the night deposit on March 31. The bank posts night deposit activity on the following banking day All checks mailed in March cleared the bank except for Check 221063 written to Sallys Food Warehouse on March 28 for $11,550. Our payroll service withdrew the payroll and taxes for the pay period ended March 18 on March 25. The amount of the withdrawal was $14.750. The payroll service communicated this information to the company on March 22 and the withdrawal was recorded by Gemini in the accounting records on that date. Occasionally, we write checks by hand when our produce buyer shops at the local farmers market. We record manually written checks in the accounting records on the day after the check is written A check dated March 8 was correctly recorded in the books for $4.500, but was cashed for $4.050. The bank corrected the error on April 3 On March 31, we prepared and recorded the rent check for April in the amount of $3.500 The president the company likes to present the check to the landlord in person and did so on April 4. The check cleared the bank on April 6. As the accounting clerk for Gemini Markets, you must prepare a reconciliation of Gemini's checking account as of March 31 using the information in the exhibits. In associated cells in the Adjustments column, choose the appropriate adjustment from the option list provided. In the Amounts column, enter the amount of the adjustment. The actual cash balance on March 31 will be automatically calculated, B Adjustments 2 Balance per Bank 1 Amounts 120 3 123 4 123 5 OOOOO 123 6 123 WWW.Vi vivid BookN 7 129 8 Actual Cash Balance - March 31 $ 9 10 Balance per books 11 12 13 14 15 120 16 Actual Cash Balance - March 31 $0 Unadjusted Trial Balance Unadiusted Trial Balance Gemini Market Trial Balance March 31, Year 1 3,640 325 6,500 6,000 1.500 4881 33.503 Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Sales revenue Sales discounts Sales returns Rent expense Insurance expense Salaries expense Cost of goods sold Deprec 101 75 3,500 1,100 14.750 3,593 300 39.884 39 Memo from GC to Auditor at XYZ Act. Merno from Gemini Controller to Auditor at XYZ Accounting Memorandum Date: April 5. Year 1 To: Accounting Clerk, Gemini Markets From: Controller, Gemini Markets RE Checking accounting reconciliation for March 31, Year 1 in preparing the bank reconciliation for March 31. Year 1, piease note the following: A deposit of $8.400 was dropped off in the night deposit on March 31. The bank posts night deposit activity on the following banking day All checks mailed in March cleared the bank except for Check 221063 written to Sallys Food Warehouse on March 28 for $11,550. Our payroll service withdrew the payroll and taxes for the pay period ended March 18 on March 25. The amount of the withdrawal was $14.750. The payroll service communicated this information to the company on March 22 and the withdrawal was recorded by Gemini in the accounting records on that date. Occasionally, we write checks by hand when our produce buyer shops at the local farmers market. We record manually written checks in the accounting records on the day after the check is written A check dated March 8 was correctly recorded in the books for $4.500, but was cashed for $4.050. The bank corrected the error on April 3 On March 31, we prepared and recorded the rent check for April in the amount of $3.500 The president the company likes to present the check to the landlord in person and did so on April 4. The check cleared the bank on April 6

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