Beeler Furniture Company deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of June 30, 20Y2, have been taken from various documents and records and are reproduced as follows. The sources of the data are printed in capital letters. All checks were written for payments on account.

ructions Beeler Furniture Company deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data require reconcile the bank statement as June 30, 20Y2, have been taken from various documents and records and are reproduced as follows. The sources of the data are printed in capital letters. All checks were written for payments on account. CASH ACCOUNT: Balance as of June 1 $9,317.40 CASH RECEIPTS FOR MONTH OF JUNE 9,223.76 DUPLICATE DEPOSIT TICKETS: Date and amount of each deposit in June: Date Amount Date Amount Date Amount June 1 $1,080.50 June 10 $996.61 June 22 $897.34 3 854.17 15 882.95 24 947.21 8 840.50 17 1,606.74 30 1,117.74 CHECKS WRITTEN: Number and amount of each check issued in June: Check No. Amount Check No. Amount Check No. Amount 740 $237.50 747 Vold 754 $449.75 741 495.15 748 $450.90 755 272.75 CHECKS WRITTEN: Number and amount of each check issued in June: Check No. Amount Check No. Amount Check No. Amount 740 $237.50 747 Void 754 $449.75 741 495.15 748 $450.90 755 272.75 742 501.90 749 640.13 756 113.95 743 761.30 750 276.77 757 407.95 744 506.88 751 299.37 758 259.60 745 117.25 752 537.01 759 901.50 746 298.66 753 380.95 760 486.39 Total amount of checks issued in June: $8,395.66 K RECONCILIATION FOR PRECEDING MONTH: Beeler Furniture Company Bank Reconciliation May 31, 20Y2 rechendiente heltomant Beeler Furniture Company Bank Reconciliation May 31, 20Y2 $9,447.20 690.25 3 $162.15 1 Cash balance according to bank statement 2 Add: Deposit in transit on May 31 Deduct: Outstanding Check No.731 Outstanding Check No.736 Outstanding Check No.738 6 Outstanding Check No.739 7 Total deductions 4 345.95 5 251.40 60.55 (820.05) $9,317.40 Adjusted balance 9 $9,352.50 10 Cash balance according to company's records 11 Deduct: Bank service charges (35.10) 12 Adjusted balance $9,317.40 to the Ina Rank Statement Deduct: Bank service charges (35.10) Adjusted balance $9,317.40 o the June Bank Statement. Required: Prepare a bank reconciliation as of June 30, 20Y2. If errors in recording deposits or checks are discovered, assume that the errors were mad by the company. Assume that all deposits are from cash sales. All checks are written to satisfy accounts payable. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Add:" & "Deduct:" will automatically appear if it is required. Round your answers to two decimal places. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal plac What is the amount of Cash that should appear on the balance sheet as of June 30, 20Y2? Assume that a canceled check for $390 has been incorrectly recorded by the bank as $930. Briefly explain how the error would be included i bank reconciliation and how it should be corrected. of Accounts CHART OF ACCOUNTS CHART OF ACCOUNTS Beeler Furniture Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 516 Cash Short and Over 520 Salaries Expense 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense LIABILITIES 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 210 Accounts Payable 51b Lasn Short and ver 146 Store Supplies 151 Prepaid Insurance 520 Salaries Expense 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense LIABILITIES 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends unt Descriptions Amount Descriptions Adjusted balance Bank service charges Check returned because of insufficient funds Error in recording June 10 deposit Error in recording June 24 deposit Error in recording Check No. 743 Deposit in transit on June 30 Note collected by bank, including $210 interest Outstanding Check No. 738 Outstanding Check No. 756 Outstanding Check No. 758 Outstanding Check No. 759 Total additions Total deductions Reconciliation minus sign.) Beeler Furniture Company Score: 48/163 Bank Reconciliation June 30, 20Y2 1 Cash balance according to bank statement 2 Add: Deposit in transit on June 30 3 Deduct: Outstanding Check No.738 4 Deduct: Outstanding Check No.756 5 Deduct: Outstanding Check No.758 3 Deduct: Outstanding Check No.759 7 Total deductions Adjusted balance Cash balance according to company's records 1 2 3 + Deduct: Bank service charges Deduct: Outstanding Check No.738 Deduct: Outstanding Check No.756 Deduct: Outstanding Check No.758 Deduct: Outstanding Check No.759 Total deductions Adjusted balance I Cash balance according to company's records Deduct: Bank service charges urnal Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places. westion not attempted. JOURNAL Score: 0/99 ACCOUN DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS Feedback nal Questions What is the amount of Cash that should appear on the balance sheet as of June 30? Feedback Assume that a canceled check for $390 has been incorrectly recorded by the bank as $930. Select how the error would be included in a bank reco rected. atment: Addition to cash per company's records c Addition to cash per bank statement Deduction from cash per bank statement Deduction from cash per company's records Not included in a bank reconciliation Addition to cash per company's records Addition to cash per bank statement Deduction from cash per bank statement Deduction from cash per company's records Not included in a bank reconciliation correct: Deduct from the amount of bank service charges Journalize an entry deducting $930 from cash Journalize a correcting entry adding $930 to cash Journalize an entry adding $540 to cash Request that the bank correct the error Journalize an entry deducting $540 from cash Feedback