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Cash balance according to company's records $6,270 Add: Outstanding checks $3,010 Error by Westwind Co. in recording Check No. 01-115 as $820 instead of $280
| Cash balance according to company's records | $6,270 | ||
| Add: Outstanding checks | $3,010 | ||
| Error by Westwind Co. in recording Check | |||
| No. 01-115 as $820 instead of $280 | 540 | ||
| Note for $9,800 collected by bank, including interest | 10,190 | 13,740 | |
| 20,010 | |||
| Deduct: Deposit in transit on August 31 | 6,380 | ||
| Bank service charges | 50 | 6,430 | |
| Cash balance according to bank statement | 13,580 |
a. From the bank reconciliation data, prepare a new bank reconciliation for Westwind Co., using the format shown in Exhibit 10.
| Westwind Co. | ||
| Bank Reconciliation | ||
| August 31, 20Y6 | ||
| Cash balance according to bank statement | $fill in the blank 28bfedf73fdc056_1 | |
| Add: Deposit in transit on May 31 | fill in the blank 28bfedf73fdc056_3 | |
| $fill in the blank 28bfedf73fdc056_4 | ||
| Deduct: Outstanding checks | fill in the blank 28bfedf73fdc056_6 | |
| Adjusted balance | $fill in the blank 28bfedf73fdc056_7 | |
| Cash balance according to company's records | $fill in the blank 28bfedf73fdc056_8 | |
| Add: Error in recording Check No. 01-115 as $820 instead of $280 | $fill in the blank 28bfedf73fdc056_10 | |
| Add: Note for $9,800 collected by bank, including interest | fill in the blank 28bfedf73fdc056_12 | fill in the blank 28bfedf73fdc056_13 |
| $fill in the blank 28bfedf73fdc056_14 | ||
| Deduct: Bank service charges | fill in the blank 28bfedf73fdc056_16 | |
| Adjusted balance | $fill in the blank 28bfedf73fdc056_17 | |
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar, Howard D. Teall
4th Canadian Edition
0131971905, 978-0131971905
