Part 1: * View the atonal, then complete the worksheer, replacing the quespon marks below with formulas. Given Information: 1 Cash on hand at the company and not yet deposited at the bank. 2 EFT for monthly utility bill not yet recorded by the company, 3 Note collected by the bank and not yet recorded by the company, 4 Interest collected by the bank from note in 3 not yet recorded by the company. 5 Debit card used to purchase supplies not yet recorded by the company. 8 Checks written by the company but not yet processed by the bank. 7 Service fee charged by bank but not yet recorded by the company. 8 Customer checks determined by the bank to have nonsufficient funds. Bank balance at the end of the period. Company balance at the end of the period. 3,600 1.200 10,000 1.000 800 3,100 100 2,700 17.300 11,800 Answers: (a) Bank Reconciliation Bank Balance: (c) Entries to Update the Cash Account Debit Credit Cash ? Notes Receivab? ? Interest Revenu? ? Per statement Deposits outstanding Checks outstanding ? ? ? Per general ledger EFT for utilities Note collected Interest earned Supplies purchased Service fee NSF checks Company balance per reconciliation Company Balance: ? ? ? ? ? ? ? ? Utilities Expense ? Supplies ? Service Fee Expens ? Accounts Receivab ? Cash Bank balance per (d) Ending Cash Balance = ? (b) Reconciled? ? *Use a conditional statement to return a value of "Yes" or "No" Part 2: *note, all questions marks below may not require formulas, edit your worksheet as needed to incorporate the new given Information below: (a) Bank Reconciliation Bank Balance: Per statement Deposits outstanding Checks outstanding ? ? ? Per general ledger EFT for utilities Note collected Interest earned Service fee NSF checks Correction of Error Company balance per reconciliation Company Balance: ? ? ? ? ? ? ? ? (c) Entries to update the Cash Account Debit Credit Cash ? Notes Receivable ? Interest Revenue ? ? ? ? Utilities Expense ? Service Fee Expens ? Accounts Receivab ? Cash Correction of Error reconciliation ? 2 (b) Reconciled? ? (d) Ending Cash Balance = ? Part 1: * View the atonal, then complete the worksheer, replacing the quespon marks below with formulas. Given Information: 1 Cash on hand at the company and not yet deposited at the bank. 2 EFT for monthly utility bill not yet recorded by the company, 3 Note collected by the bank and not yet recorded by the company, 4 Interest collected by the bank from note in 3 not yet recorded by the company. 5 Debit card used to purchase supplies not yet recorded by the company. 8 Checks written by the company but not yet processed by the bank. 7 Service fee charged by bank but not yet recorded by the company. 8 Customer checks determined by the bank to have nonsufficient funds. Bank balance at the end of the period. Company balance at the end of the period. 3,600 1.200 10,000 1.000 800 3,100 100 2,700 17.300 11,800 Answers: (a) Bank Reconciliation Bank Balance: (c) Entries to Update the Cash Account Debit Credit Cash ? Notes Receivab? ? Interest Revenu? ? Per statement Deposits outstanding Checks outstanding ? ? ? Per general ledger EFT for utilities Note collected Interest earned Supplies purchased Service fee NSF checks Company balance per reconciliation Company Balance: ? ? ? ? ? ? ? ? Utilities Expense ? Supplies ? Service Fee Expens ? Accounts Receivab ? Cash Bank balance per (d) Ending Cash Balance = ? (b) Reconciled? ? *Use a conditional statement to return a value of "Yes" or "No" Part 2: *note, all questions marks below may not require formulas, edit your worksheet as needed to incorporate the new given Information below: (a) Bank Reconciliation Bank Balance: Per statement Deposits outstanding Checks outstanding ? ? ? Per general ledger EFT for utilities Note collected Interest earned Service fee NSF checks Correction of Error Company balance per reconciliation Company Balance: ? ? ? ? ? ? ? ? (c) Entries to update the Cash Account Debit Credit Cash ? Notes Receivable ? Interest Revenue ? ? ? ? Utilities Expense ? Service Fee Expens ? Accounts Receivab ? Cash Correction of Error reconciliation ? 2 (b) Reconciled? ? (d) Ending Cash Balance =
