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i Data Table X $ 3,750 EFT 8,970 Bank Statement for December 31 Bal 12/1 Deposits Dec 1 1,282 8 1,000 16 4,155 24 2,475 Interest 31 9 31 49 Total deposits Checks and other debits: No. 1880 550 No. 1882 120 No. 1883 469 No. 1884 1,283 No. 1885 1,332 No. 1886 740 No. 1887 2,490 No. 1888 1,032 No. 1889 461 NSF 125 EFT 750 Total checks and other debits Bal 12/31 $ Explanations: EFT-electronic funds transfer, NSF-nonsufficient funds (9,352) 3,368 Print Done i Data Table General Ledger Cash Bal 12/1 Cash receipt 12/7 Cash receipt 12/15 Cash receipt 12/23 Cash receipt 12/30 1,283 4,712 1,000 4,155 6,475 600 No. 1884 No. 1885 No. 1886 No. 1887 No. 1888 No. 1889 No. 1901 1,332 740 2,490 1,032 461 840 No. 1902 170 Bal 12/31 8,594 Print Done 0 More Info X You learn from the November bank reconciliation that the following checks were outstanding on November 30: No. 1560 for $181, No. 1880 for $550, No. 1882 for $120, and No. 1883 for $469. There was one deposit in transit on November 30 for $1,282. An examination of the actual deposit slips revealed no bank errors. Assume the cash deposit of $2,475 on December 24 is the correct amount. The January bank statement showed that a $600 deposit cleared the bank on January 2. Print Done Data Table X Bank $ 8,594 Balance, 12/31 Add: 49 9 Pondview Company Bank Reconciliation December 31 Books $ 3,368 Balance, 12/31 Add: 1,600 EFT receipt from customer 4,968 Interest revenue Subtotal Less: 181 Book error 840 NSF check 170 (1,191) EFT payment of utilities $ 3,777 Adjusted book balance Deposits in transit Subtotal Less: Outstanding checks No. 1560 No. 1901 No. 1902 8,652 $ $ 4,000 125 750 (4,875) $ 3,777 Adjusted bank balance Print Done First prepare the corrected bank reconciliation. (Include the balances at December 31 in each of the addition subtotal calculations. If an input field is not used in the table, leave the field empty; do not select a label or enter a zero. Abbreviations used: EFT = electronic funds transfer; NSF = non-sufficient funds) Pondview Company Bank Reconciliation (Corrected) December 31 Bank Books Balance, 12/31 Balance, 12/31 Add: Add: Subtotal Subtotal Less: Less: II Adjusted bank balance Adjusted book balance The unexplained difference is made up of the following: (Select all statements that apply. If an input field is not used in the table, leave the field empty; do not select a label.) Unexplained difference The theft of was concealed by at December 31 on the company's bank reconciliation. i Data Table X $ 3,750 EFT 8,970 Bank Statement for December 31 Bal 12/1 Deposits Dec 1 1,282 8 1,000 16 4,155 24 2,475 Interest 31 9 31 49 Total deposits Checks and other debits: No. 1880 550 No. 1882 120 No. 1883 469 No. 1884 1,283 No. 1885 1,332 No. 1886 740 No. 1887 2,490 No. 1888 1,032 No. 1889 461 NSF 125 EFT 750 Total checks and other debits Bal 12/31 $ Explanations: EFT-electronic funds transfer, NSF-nonsufficient funds (9,352) 3,368 Print Done i Data Table General Ledger Cash Bal 12/1 Cash receipt 12/7 Cash receipt 12/15 Cash receipt 12/23 Cash receipt 12/30 1,283 4,712 1,000 4,155 6,475 600 No. 1884 No. 1885 No. 1886 No. 1887 No. 1888 No. 1889 No. 1901 1,332 740 2,490 1,032 461 840 No. 1902 170 Bal 12/31 8,594 Print Done 0 More Info X You learn from the November bank reconciliation that the following checks were outstanding on November 30: No. 1560 for $181, No. 1880 for $550, No. 1882 for $120, and No. 1883 for $469. There was one deposit in transit on November 30 for $1,282. An examination of the actual deposit slips revealed no bank errors. Assume the cash deposit of $2,475 on December 24 is the correct amount. The January bank statement showed that a $600 deposit cleared the bank on January 2. Print Done Data Table X Bank $ 8,594 Balance, 12/31 Add: 49 9 Pondview Company Bank Reconciliation December 31 Books $ 3,368 Balance, 12/31 Add: 1,600 EFT receipt from customer 4,968 Interest revenue Subtotal Less: 181 Book error 840 NSF check 170 (1,191) EFT payment of utilities $ 3,777 Adjusted book balance Deposits in transit Subtotal Less: Outstanding checks No. 1560 No. 1901 No. 1902 8,652 $ $ 4,000 125 750 (4,875) $ 3,777 Adjusted bank balance Print Done First prepare the corrected bank reconciliation. (Include the balances at December 31 in each of the addition subtotal calculations. If an input field is not used in the table, leave the field empty; do not select a label or enter a zero. Abbreviations used: EFT = electronic funds transfer; NSF = non-sufficient funds) Pondview Company Bank Reconciliation (Corrected) December 31 Bank Books Balance, 12/31 Balance, 12/31 Add: Add: Subtotal Subtotal Less: Less: II Adjusted bank balance Adjusted book balance The unexplained difference is made up of the following: (Select all statements that apply. If an input field is not used in the table, leave the field empty; do not select a label.) Unexplained difference The theft of was concealed by at December 31 on the company's bank reconciliation
