P7-13

transit are determined to be $3,000, and checks outstanding at May 31 total $850. Cash on hand (besides petty cash) at ne 31, 2017, is $246 re the journal entries to record the transactions related to the petty cash fund for May a bank reconciliation dated May 31,2017, proceeding to a correct cash balance,and prepare the journal entries Prepa to to make the books correct and complete. What amount of cash should be reported in the May 31, 2017, balance sheet? 13 (L08) (Bank Reconciliation and Adjusting Entries) The cash account of Aguilar Co. showed a ledger balance of n June 30,2017. The bank statement as of that date showed a balance of $4,150. Upon comparing the statement with th sh records, the following facts were determined. L. There were bank service charges for June of $25, 2 A bank memo stated that Bao Dai's note for $1,200 and interest of $36 had been collected on June 29, and the bank had made a charge of $5.50 on the collection. (No entry had been made on Aguilar's books when Bao Dai's note was sent to the bank for collection.) Receipts for June 30 for $3,390 were not deposited until July 2. Checks outstanding on June 30 totaled $2,136.05. s. The bank had charged the Aguilar Co.'s account for a customer's uncollectible check amounting to $253.20 on June 29 customer's check for $90 (as payment on the customer's Accounts Receivable) had been entered as $60 in the cash receipts journal by Aguilar on June 15 Accounts Payable. Prepare a bank reconciliation dated June 30, 2017, proceeding to a correct cash balance $5820 had been 2 in the amount of $491 hod been entered in the cash journal as $419, and check no. 747 in the amount of entered as $582. Both checks had been issued to pay for purchases and were payments on Agular' ts Instructions Prepare any entries necessary to make the books correct and complete. (Bank Reconciliation and Adjusting Entries) Presented below is information related to Haselhof Inc. per books at October 31, $41,847.85; receipts $173,523.91; disbursements $164,893.54. Balance per bank statemert 30, $56,274.20. olowing checks were outstanding at November 30 1224 1230 1232 $1,635.29 2,468.30 2,125.15