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The cash account of Tullis Company on April 30 indicated a balance of $30,941.84 after the transactions for the month had been had been posted.
The cash account of Tullis Company on April 30 indicated a balance of $30,941.84 after the transactions for the month had been had been posted. The bank statement indicated a balance of $37,471.92 on April 30. Comparison of the bank statement and the accompanying canceled checks and memorandums with Tullis' records reveal the following items: a. Checks outstanding totaled $10,299.28. b. A deposit of $5,756.72 representing the April 30 receipts was made too late to be included in the bank statement. c. A check from a customer for $250 was returned by the bank marked NSF. d. A check which was written for $137.88 and was cleared by the bank for that amount, was recorded in Tullis Company's accounting records for $181.08. The check was written to purchase office supplies. e. The bank collected a note for Tullis for $2,400. f. Bank service charges for August were $22.68. g. A Check written by another depositor with a similar account number was deducted by the bank from Tullis Company's account in error. The check was for $375. h. Interest earned on the checking account for the month was $192. Prepare a bank reconciliation statement: Tullis Company Bank Reconciliation April 30 Balance per bank: Balance per books: Additions: Additions: Deductions: Deductions: Adjusted Balance Adjusted Balance Journalize the necessary adjusting entries
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