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I am having trouble reconciling the bank statement to the general ledger and getting the two to equal. I need some help and a detailed
I am having trouble reconciling the bank statement to the general ledger and getting the two to equal. I need some help and a detailed explanation on how to get this reconciled please so I'm understanding all the steps. Please see attached document. This homework is due in the next 24 hours so any help would be appreciated. Thank you,
Prepare a bank reconciliation in good form along with adjusting journal entries for the following as of 12/31/2016: Bank Statement Checks Deposits Date Numbe r Amount Date Amount 121 3451 $2,260.40 121 $ 2,530.20 122 3471 844.50 124 1,211.60 127 3472 1,426.80 128 2,365.10 124 3475 1,640.70 1216 2,672.70 128 3476 1,300.00 1221 2,945.00 1210 3477 2,130.00 1226 2,567.30 1215 3479 3,080.00 1229 2,836.00 1227 3480 600.00 1230 1,025.00 1230 3482 475.50 Total $18,152.90 1229 3483 1,140.00 1231 3485 520.80 Total $15,418.70 The cash records per books for December showed the following. Cash Payments Journal Cash Receipts Journal Dat e Numb er Amount Dat e Numb er Amount Dat e Amount 121 3475 $1,640.70 12 20 3482 $475.50 123 $ 1,211.60 1,300.00 12 22 3483 1,140.00 127 2,365.10 3484 791.50 12 15 2,672.70 122 3476 122 3477 2,130.00 12 23 124 3478 621.30 12 24 3485 250.80 12 20 2,954.00 128 3479 3,080.00 12 30 3486 889.50 12 25 2,567.30 12 10 3480 600.00 Total $13,726.7 0 12 28 2,836.00 12 17 3481 807.40 12 30 1,025.00 12 31 1,690.40 Total $17,322.10 The bank statement contained two memoranda: 1 . A credit of $5,285 for the collection of a $5,140 note for Paris Company plus interest of $160.00 and less a collection fee of $15.00. Paris Company has not accrued any interest on the note. 2 . A debit of $579.30 for an NSF check written by a customer. At December 31, the check had not been redeposited in the bank. At December 31, the cash balance per books was $14,285.20, and the cash balance per the bank statement was $21,907.80. The bank did not make any errors, but two errors were made by Paris CompanyStep by Step Solution
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