Question
The bank statement and relevant portions of Chickadee Publishing cash records for the month ended July 31, 2020 are given below. Chickadee Publishing Cheque Register
The bank statement and relevant portions of Chickadee Publishing cash records for the month ended July 31, 2020 are given below.
Chickadee Publishing Cheque Register | |||||
Date | Explanation | Debit | Credit | Balance | |
30-Jun | Deposit |
| 1,050.00 |
| 11,050.00 |
1-Jul | Cheque | 1612 |
| 250.00 | 10,800.00 |
1-Jul | Cheque | 1613 |
| 4,650.00 | 6,150.00 |
1-Jul | Cheque | 1614 |
| 2,500.00 | 3,650.00 |
1-Jul | Cheque | 1615 |
| 658.00 | 2,992.00 |
3-Jul | Cheque | 1616 |
| 450.00 | 2,542.00 |
4-Jul | Cheque | 1617 |
| 1,245.00 | 1,297.00 |
9-Jul | Deposit |
| 13,240.00 |
| 14,537.00 |
12-Jul | Cheque | 1618 |
| 4,003.78 | 10,533.22 |
12-Jul | Cheque | 1619 |
| 3,500.00 | 7,033.22 |
12-Jul | Cheque | 1620 |
| 1,245.00 | 5,788.22 |
18-Jun | Deposit |
| 12,000.00 |
| 17,788.22 |
20-Jun | Cheque | 1621 |
| 1,010.00 | 16,778.22 |
21-Jun | Cheque | 1622 |
| 6,669.00 | 10,109.22 |
24-Jun | Cheque | 1623 |
| 1,200.00 | 8,909.22 |
26-Jul | Cheque | 1624 |
| 500.00 | 8,409.22 |
29-Jul | Deposit |
| 4,500.00 |
| 12,909.22 |
Bank Statement Cheques/Charges Deposits/Credit Balance | |||
|
|
| 10,000.00 |
#1615 | 658.00 | 1,050.00 | 10,392.00 |
#1614 | 2,500.00 |
| 7,892.00 |
#1613 | 4,650.00 | 13,240.00 | 16,482.00 |
#1616 | 450.00 |
| 16,032.00 |
#1612 | 250.00 |
| 15,782.00 |
#1618 | 3,003.00 | 12,000.00 | 24,779.00 |
#1620 | 1,245.00 |
| 23,534.00 |
#1622 | 6,069.00 |
| 17,465.00 |
#1617 | 1,245.00 |
| 16,220.00 |
SC | 200.00 |
| 16,020.00 |
Notes: Cheque#1618 was recorded incorrectly by the bookeeper for supplies purchase. Cheque#1622 was recorded incorrectly by the bank. |
Prepare the bank reconciliation at July 31, 2020. Also prepare any journal entries resulting from the bank reconciliation.
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