Question
Q2 You have a copy of ledger for Omni Company as maintained per company books and as per Bank (10 Points) The bank account in
Q2 You have a copy of ledger for Omni Company as maintained per company books and as per Bank (10 Points)
The bank account in the books of Omni international Company
| Date | Explanations | Debit | Credit | Balance |
| 2016 | Balance |
|
| 7620 |
| 1-Sep | Issued to Supplier A ( Check NO 12345) |
| 180 | 7440 |
| 12-Sep | Check Deposited from Customer A) | 150 |
| 7590 |
| 16-Sep | Check Deposited from Customer B) | 1180 |
| 8770 |
| 12-Sep | Issued to ABC Ltd(Check No 12346) |
| 1500 | 7270 |
| 19-Sep | A. Ltd (Check No 12347) |
| 860 | 6410 |
| 26-Sep | Issued to DFP Check No 12349 |
| 220 | 6190 |
| 26-Sep | Wages Check No 12348 |
| 950 | 5240 |
| 28-Sep | Issued to XYZ Check No 12350 |
| 1090 | 4150 |
| 28-Sep | Check from Customer C sent to the bank | 2160 |
| 6310 |
The ledger of Omni International maintained by Bank of America
| Date | Explanations | Dr | Cr | Balance |
| 1-Sep | Balance |
|
| 7620 |
| 8 | Issued to Supplier A (Check NO 12345) | 180 |
| 7440 |
| 12 | Check Deposited from Customer A) |
| 150 | 7590 |
| 16 | Check Deposited from Customer B) |
| 1180 |
|
| 16 | Issued to ABC Ltd(Check No 12346) | 1500 |
| 7270 |
| 22 | A. Ltd (Check No 12347) | 860 |
| 6410 |
| 26 | Wages (Check No 12348) | 950 |
| 5460 |
| 28 | Check Unpaid NSF ( Customer A) | 150 |
| 5310 |
| 28 | Charges | 40 |
| 5270 |
- Prepare bank reconciliations for the month of September ?
- Prepare the adjusting entries as it should appear in the company records ?
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