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 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 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 BANK RECONCILIATION FOR PRECEDING MONTH Suggestions Take a few minutes to look through the information provided Information for books, last month's bank reconciliation, and the bank statement Create a T Account to determine the amount of Cash as of 6 30 Y2 Set up a bank reconciliation template Fill in the Bank Balance and Book Balance Have the Outstanding checks from last month cleared on the Bank Statement Has all the activity recorded in the Books reflected in the Bank Statement Pay attention to the numbers Were there any errors by the Bank or the Books (Accountants) or anything missing Instructions Prepare a Bank Reconciliation as of June 30, 20Y2 If errors in recording deposits or checks are discovered, assume that the errors were made by the company Assume all deposits are from cash sales All checks are written to satisfy Accounts Payable Note that the 6 9 deposits for $3,500 and $210 on the Bank Statement are for Notes Receivable and interest earned that was paid directly to the bank and into the company's account Prepare the necessary journal entries Please make one combined journal entry for all of the additions and another combined journal entry for all of the deductions

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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

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.

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	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

BANK RECONCILIATION FOR PRECEDING MONTH:

Suggestions:
1. Take a few minutes to look through the information provided: Information for books, last month's bank reconciliation, and the bank statement.
2. Create a T-Account to determine the amount of Cash as of 6/30/Y2.
3. Set up a bank reconciliation template.
4. Fill in the Bank Balance and Book Balance.
5. Have the Outstanding checks from last month cleared on the Bank Statement?
6. Has all the activity recorded in the Books reflected in the Bank Statement?
7. Pay attention to the numbers. Were there any errors by the Bank or the Books (Accountants) or anything missing?
Instructions:
- Prepare a Bank Reconciliation as of June 30, 20Y2. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume all deposits are from cash sales. All checks are written to satisfy Accounts Payable.
- Note that the 6/9 deposits for $3,500 and $210 on the Bank Statement are for Notes Receivable and interest earned that was paid directly to the bank and into the company's account.
- Prepare the necessary journal entries. Please make one combined journal entry for all of the additions and another combined journal entry for all of the deductions.