Question
The accountant of Company ABC (The Company) has just received the bank statement on December 31. The accountant noticed that the cash balance per The
The accountant of Company ABC (The Company) has just received the bank statement on December 31. The accountant noticed that the cash balance per The Companys book is different from the cash balance per the bank statement. Assume the year runs from January 1 to December 31. Below is the data retrieved from different sources:
Deposits in transit | $25,000 |
Non-Sufficient Fund (NSF) checks | $22,000 |
Bank service charges for printed checks | $1,900 |
Outstanding checks that had not been cleared yet | $27,500 |
Cash balance per Companys book | $182,000 |
Cash balance per bank statement | $178,000 |
Additional Information:
- The bank statement showed $17,300 was collected by the bank from a customer and was deposited to The Companys account on December 30.
- On December 29, The Companys cash account showed cash sales of $145 but the bank statement showed the amount deposited was actually $245. The accountant reviewed the transactions in details and found that $245 should be the correct amount.
Enter the dollar amounts for the bank reconciliation for the month of December?
Cash balance per bank statement =
Additions to cash balance per bank =
Subtractions from cash balance per bank =
Adjusted (bank) cash balance =
Cash balance per Company's book =
Additions to cash balance per Company's book =
Subtractions from cash balance per Company's book =
Adjusted (book) cash balance =
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