Bank recondition and en In Bank Hoconciliation Journaliste Www The new CASACCOUNT ACEPTS FOR WONDON DUCATECOST TRET Date Dale De IN COSTA Check 19 Cheche 14 A 71 2275 11 SOLO TI SIN 15 THE Instructions Total amount of checks issued in June: $8,395.66 BANK RECONCILIATION FOR PRECEDING MONTH BEELER FURNITURE COMPANY Bank Reconciliation May 31, 2012 $9.447.20 1 Cash balance according to bank statement 2 Add deposit for May 31, not recorded by bank Deduct outstanding checks: 690.25 1 No. 731 $162.15 5 No.736 345.95 6 No.738 251.40 7 No. 739 60.55 (820.05) & Adjusted balance $9,317.40 9 10 Cash balance according to company's records 11 Deduct bank service charges $9,352.50 (55.10) 12 Adjusted balance $9,317.40 JUNE BANK STATEMENT JUNE BANK STATEMENT Click here to view Required: 1. Prepare a bank reconciliation as of June 30, 2012. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales All checks are written to satisty accounts payable. Be sure to complete the statement heading. Refer to the instructions, Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. To enter the Check number, please enter "No preceeding the number "Deduct", "Add", or colons () will automatically appear it required. Enter all amounts as positive numbers. Round your answers to two decimal places. 2. Journalize the necessary entries. The accounts have not been closed Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is entered Round your answers to two decimal places. 3. What is the amount of Cash that should appear on the balance sheet as of June 302 4. Assume that a canceled check for $390 has been incorrectly recorded by the bank as $930. Briefly explain how the error would be included in a bank reconciliation and how it should be corrected MEMBER FDIC PAGE 1 AMERICAN NATIONAL BANK ACCOUNT NUMBER OF CHICAGO FROM 6/01/2012 TO 6/30/2012 CHICAGO, IL 60603 612) 441-1239 BALANCE 9,447 20 9 DEPOSITS 8,801.77 20 WITHDRAWALS 7,500 28 BEELER FURNITURE COMPANY 4 OTHER DEBITS AND CREDITS 3,086.OOOR NEW BALANCE 13,624.71 --- CHECKS AND OTHER DEBITS -----DEPOSITS ---DATE-.--BALANCE -. No.731 182.18 No.738 348.06 800.26 6/01 9,629,35 No.230 60.66 No. 740 237.80 1,080.50 6/02 10.411.80 No.741 496.16 No. 742 801.00 884.17 6/04 10,268.92 No, 743 671.30 No.744 506.88 840.80 8/09 9,931.24 No.745 117.28 No.746 298.88 MS 3,800.00 8/09 13,015.33 No. 748 450.00 No. 740 640.13 MS 210.00 8/09 12,134.30 No.750 278.77 No.781 209.37 806.61 6/11 12,454.77 No.752 537.01 No.763 380.96 882.96 8/16 12,419.78 No.784 449.75 No.755 272.75 1,808.74 8/18 13,304.00 No.757 407.96 No.780 486.30 897.34 8/23 13,307.00 942.71 8/26 14.249.71 NSP 650.00 8/28 13,899.71 SC 75.00 8/30 13,824.71 BC - ERROR CORRECTION OD-OVERDRAPT MS - MISCELLANEOUS PS - PAYMENT STOPPED NSP - NOT SUFYICIENT YUNDS SC -- SERVICE CEARGE --- THE RECONCILEMENT OP THIS STATEMENT WITH YOUR RECORDS 19 SENTIAL ANY ERROR OR EXCEPTION BRDULD BE REPORTED IMMEDIATELY Instructions Bank Reconciliation BEELER FURNITURE COMPANY Score: 110/148 Bank Reconciliation (Label) 1 Cash balance according to bank statement $13,624.71 2 1,117.74 Deduct: Outstanding checks 4 No.738 $251.40 5 No. 756 115.95 6 No. 758 259.60 No. 759 901.50 1,526,45 * Adjusted balance $13,216.00 10 Cash balance according to company's records $10,145,50 11 $3,710.00 90.00 3,800.00 $550.00 12 Error in recording check Np. 745 (761.50-671.30) 15 Deduct: Check returned because of insufficient funds 14 Error in recording June 10 15 Error in recording June 24 16 Bank services charge 17 Adjusted balance 100.00 4.50 75.00 729.50 $13,216.00 Bank reconciliation and entries Instructions Chart of Accounts Labels and Amount Descriptions Bank Reconciliation Journal Final Questions Instructions Bank Reconciliation Journal 2. Journalize the necessary entries. The accounts have not been closed. Refer to the chart of accounts for the exact wording of the account tties CNOW journals do not use lines for automatically indent a credi entry when a credit amount is entered. Round your answers to two decimal places, Question not attempted PAGE 1 JOURNAL Score: 0/99 ACCOUNTING EQUATION DATE DESCRIPTION POST REE 1 DEBIT CREDIT ASSETS LIABILITIES EQUITY Feedback v Check My Work Vaani min that the main thanh thanh thoth