Question
the following information is available to reconcile dibble company book balance cash with it bank statement cash balance as of April 30th to April 30th
the following information is available to reconcile dibble company book balance cash with it bank statement cash balance as of April 30th to April 30th cash balance according to the accounting records is $68,356 and the bank statement cash balance for that day is 73,525. a. the bank erroneously cleared of $480 check against the account in April that was issued by Dibble. the check documentation included with the bank statement indicates the check was actually issued by Flushing Company.
b. on April 30th the bank issued a credit memorandum for $53 interest earned on dibbles account.
c. when the April checks are compared with entries in the accounting records it is found that check number 1828 had been correctly drawn for $ $1,530 to pay for advertising but was erroneously entered in the accounting records as 1,350.
d. a credit memorandum indicates that the bank collected $10,000 cash on a note receivable for Dibble, deducted $30 collection fee and credited the balance to the company's cash account. Dibble did not record this transaction before receiving the statement.
e. a debit memorandum of $895 is enclosed with the bank statement for an NSF check for $870 received from a customer. The bank assessed at $25 fee for processing it.
f. dibbles April 30th daily cash receipts of $5,102 were placed in the bank's night depository on that date, but do not appear on the April 30th bank statement.
g. Dibble's April 30th cash disbursement journal indicates that check number 1837 for $584 and check number 1840 for $1,219 were both written and entered in the accounting records, but are not among the cancelled checks.
1. prepare the bank reconciliation for this company as of April 30th
2. prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of April 30th.
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