Problem 6-18A

e. Stone Manufacturing has good internal control over its manufacturing materials inventory. However, office supplies are kept on open shelves in the employee break room. The office supervi. sor has noticed that he is having to order paper, tape, staplers, and pens with increasing frequency. Problem 6-18A Preparing a bank reconciliation Rick Hall owns a card shop. Hall's Cards. The following cash information is available for the month of August Year 1: As of August 31, the bank statement shows a balance of \$16,140. The August 31 unadjusted balance in the Cash account of Hall's Cards is $14.100. A review of the bank statement revealed the following information: I. A deposit of $4,150 on August 31. Year 1, does not appear on the August bank statement. 2. It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $4,500 but was recorded on the books as $5,400. 3. When checks written during the month were compared with those paid by the bank, three checks amounting to $5,370 were found to be outstanding. 4. A debit memo for $80 was included in the bank statement for the purchase of a new supply of checks. Required Prepare a bank reconciliation at the end of August showing the true cash balance. Problem 6-19A Missing information in a bank reconciliation and numerous collegiate anaruo and bad decisions. c. Sione Manufacturing bas good internal control over its manufacturing materials inveniofy. However, office sapplies are kept on open shelves in the employee break room. The office saperip sor has noticed that he is having to order paper, tape, staplers, and pens with increasing frequency. Problem 6-18A Preparing a bank reconcillation Rick Hall owns a card shop. Hall's Cards. The following cash information is available for the month of August Ycar l: As of Augast 31, the bank statement shows a balance of $16.140. The August 31 unadjusted balance in the Cash account of Hali's Cards is S14,100. A review of the bank statement revealed the followint. information: 1. A deposit of S4,150 on August 31, Year I, does not appear on the August bank statement. 2. It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $4,500 bot was recorded on the books as $5,400. 3. When checks written during the month were compared with those paid by the bank, three chects amounting to $5,370 were foand to be outstanding. 4. A debit memo for $80 was included in the bank statement for the purchase of a new supply of checks. Required Preparc a bank reconciliation at the end of Augast showing the true cash balance. Problem 6-19A Mixing information in a bank reconciliation The following data apply to Pro Beauty Supply Inc, for May Year l: However, office supplies are kept on open shetves in the employee break room. The office fingen sor has noticed that he is having to order paper, tape, staplers, and pens with increasing frequectis Problem 6-18A Preparing a bank reconciliation Rick Hall owns a card shop, Hall's Cards. The following cash information is available for the manted August Year 1: As of August 31, the bank statement shows a balance of $16,140. The August 31 unadjusted hadine in the Cash account of Hall's Cards is $14,100. A review of the bank statement revenled the followid information: 1. A deposit of $4,150 on August 31, Year 1, does not appear on the August bank statement. 2. It was discovered that a check to pay for baseball cards was correctly written and paid by the basa for $4,500 but was recorded on the books as $5,400. 3. When checks written during the month were compared with those paid by the bank, three diait amounting to $5,370 were found to be outstanding. 4. A debit memo for $80 was included in the bank statement for the purchase of a new supply d checks. Required Prepare a bank reconciliation at the end of August showing the true cash balance. Problem 6-19A Missing information in a bank reconciliation