Question
Bank Reconciliation Problem Benson Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records: MARCH
Bank Reconciliation Problem
Benson Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records:
MARCH 31 BANK RECONCILIATION
Balance per bank $26,746
Add: Deposits in transit 2,100
Deduct: Outstanding checks (3,800)
Balance per books $25,046
Month of April Results
Per Bank Per Books
Balance April 30 $27,995 $27,355
April deposits 11,784 13,889
April checks 11,100 10,080
April note collected (not included in April deposits) 3,000 -0-
April bank service charge 35 -0-
April NSF check of a customer returned by the bank
(recorded by bank as a charge) 900 -0-
Instructions
(a) Prepare a Bank Reconciliation for April 30
(b) What is the April 30 adjusted cash balance? Show all work.
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
