Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2 [30 points] The following information is for Oppong Corporation: a. Balance per the bank statement dated April 30, 2014 is $38,100. b. Balance
Question 2 [30 points] The following information is for Oppong Corporation: a. Balance per the bank statement dated April 30, 2014 is $38,100. b. Balance of the Cash account on the company books as of April 30, 2014 is $31,050. c. Bank service charges for the month amount to $20. d Bank deposit on April 30, 2014 for $1,300 does not appear on the bank statement. e. Included with the bank statement was a $20 credit memorandum for interest earned on the bank account during the month f. Cheque #526, for office supplies in the amount of $591, was recorded in the Cash Disbursements Journal incorrectly as 55 991 9. Cheques written that had not cleared the bank by April 30, 2014 were: #551 : $750 #549 $1,400 #541: $1,250 h. Included with the bank statement was an NSF cheque for $450 that had been received from a customer in payment of his account Prepare a bank reconciliation statement as of April 30, 2014, as well as the necessary adjusting journal entries Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format ddimmm de anar 15 be Oppong Corporation Bank Reconciliation April 30. 2014 Bank statement balance 38.100 Book balance Add Add Deduct Deduct Outstanding cheques: Adjusled bank balance Adjusted book balance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started