Question
The accountant of BWS Company has compiled the following information for preparing a bank reconciliation for the company as of September 31, 2019: - A
The accountant of BWS Company has compiled the following information for preparing a bank reconciliation for the company as of September 31, 2019: - A deposit of $9,366 on September 31 does not appear in the bank statement. - As of September 31, cash per the bank statement is $41,631. - Among the paid checks accompanied in the bank statement is the Check No: 113 for $1,512 which is paid by the bank erroneously although this check is not written by BWS Company. - As of September 31, cash per the accounting records is $48,609. - A credit memoranda is included in the bank statement for collection of rental revenue on the account of BWS during September, $135. - Two debit memoranda are included in the bank statement. One for service charge ($21) and the other for EFT payment of rent ($1,167). - The following checks have been issued by BWS Company but have not been paid by the bank as of September 31: no. 114 for $2,346; no.117 for $1,446; and no. 119 for $1,161. What is adjusted balance per company records?
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