MODULE 8 - CASH AND INTERNAL CONTROL The units in Module 8, Units 20 through 22, covers three topics that deal with cash, including internal control, checking accounts and Bank Reconciliations, and petty cash Problem 21-4: Journalize entries for bank reconciliation and indicate journal in which each entry is made. Using the information below for Cody and Son, make the necessary entries in general journal form. Date the entries August 3 and specify the journal in which each entry is made. 3 $2,672.73 6 51.10 Checkbook Part of Bank Reconciliation Checkbook balance, July 31 Add: Note collected by bank $415.10 Note collected by bank 236. 00 Less: Bank charge 4.00 A Dishonored check from customer Brown 222.00 US Add: Error on July 18 deposit-customer Troy's check for $62.00 entered in checkbook and journal as $26.00 3,323.85 LE 226.00 $3,097.83 36.00 $3.133.83 Less: Error on Check No. 614 check to creditor Stone for $84.00 entered in checkbook and journal as $74.00 Adiusted checkbook balance 10.00 $3:123.83 Bank Part of Bank Reconciliation $3,621.12 Bank balance, July 31 Less: Outstanding checks No. 618 No. 624 Adiusted bank balance $227.31 269.98 497 29 12: Problem 21:41 Bank Reconciliation Entries GENERAL JOURNAL ACCOUNTS AND EXPLANATION Regular Transaction (Daily) Entries Page 1 Aug. 3 To record bank reconciliation notes collected by bank and deposit error in General Journal (or Cash Receipts Journal if company uses special journals) To record bank reconciliation bank charge, NSF check, and check recording error in General Journal (Cash Payments Journal if company uses special joumals) MODULE 8 - CASH AND INTERNAL CONTROL Page 3 of 3