Question
From the following information, prepare the following: 1. A four-column reconciliation that would end at adjusted balances. a. Bank Method (5pts) b. Book Method (5pts)
From the following information, prepare the following:
1. A four-column reconciliation that would end at adjusted balances.
a. Bank Method (5pts)
b. Book Method (5pts)
Reconciling items:November 30December 31
Deposits in TransitP10,400?
Outstanding Checks 16,014?
NSF checks1,052P1,400
Customers' notes collected by bank 3,0008554
Bank service charges 100130
Erroneous bank debits1,2001,800
Erroneous bank credits2,0006,000
Book Balances? 332,472
Bank Balances261,120?
December transactions:BooksBanks
ReceiptsP302,460P299,902
Disbursements222,846220,196
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Essentials Of Forensic Accounting
Authors: Michael A Crain, William S Hopwood,
1st Edition
1941651100, 978-1941651100
