Unit 1 Assignment Q.10 Scenario

a) prepare a bank reconciliation at December 31, 2022 ( Round answer to 2 decimal places, e.g. 52.75 List items that increase cash balance first. Reconcile cash balance per bank first.)

b)

Question 10 of 10 K -6 Niew Policies Current Attempt in Progress The bank portion of the bankineconciliation for Sunland Company at November 30, 2022 was as follows: Sunland Company Bank Reconciliation November 30, 2022 Cash balance per bank S14 807 90 Add: Deposits in transit 2.530 20 171338.10 Less. Outstanding checks Check Number Check Amount 13451 S 2014 13470 720.10 3471 84450 3472 1426.00 3474 1057130 6.309 10 Adjusted cash balance per bank S11029.00 The eajusted cash balance per benk egreed with the cash belance per books at November 30, The December bank statement showed the following checks and deposits. Bank Statement Checks Deposits Date Number Amount Date Amount 12-1 3451 52 260.40 112-1 $2.530 20 112-2 3471 844 50 12-4 121160 12-7 3472 1.426.80 12-8 2.365.1 12-4 3475 1.640.70 12-16 2.672.70 12-8 3476 1.300.00 12-21 2.945.00 12-10 3477 2.130.00 12-26 21567.30 12-15 3479 3,080.00 12-29 2.836.00 12-27 3480 600.00 12-30 1.025.00 12-30 3482 475.50 Total $18, 152.90 12-29 3483 1.140.00 12-31 3485 530.80 Total $15.428,70 Question 10 of 10 - 6 Bank Statement Checks Deposits Date Number Amount Date Amount 12-1 3451 $2.260/40 12-1 $ 2.580120 12-2 3471 844.50 104 1.21160 1247 3472 1.426.80 12-8) 2.365.1 12-4 3475 1,6407 12-16 2,672.70 12-8 3416 1.300.00 12-21 2,945.00 12-10 3477 2.130.00 12-26 2567130 12-15 3479 3.08000 12-29 2.836.00 12-27 3480 600100 12-30 10 ooi 12-30 3482 475150 Total $18, 152,90 12-29 3483 1,140.00 12-31 3485 530.80 Total $15.428.70 The cash records per books for December showed the following Cash Payments Journal Cash Receipts Journal Date Number Amount Date Number Amount Date Amount 12-1 3475 $1640.70 12-20 3482 $475150 12-3 $ 1211.60 12-2 34776 1.300.00 12-22 3483 1.140100 12-7 21365.1 13477 2.130.00 12-23 3484 7190.70 12-15 2.67 2170 12-4 3478 621.30 12-24 3435 35080 350180 12-20 0.95400 12-8 3479 3.080.00 12-30 889150 12-25 2.567.30 12-10 3480 600.00 Total $13.825.90 12-28 2.836.00 12-17 3481 807:40 12-30 1.025.00 12-31 1.690.40 Total 51713210 The bank statement contained two memoranda: 1 Acredit of $2.440 for the collection of Sunland Company of an electronic funds transfer 2 Adebit for the printing of additional company checks $92 At Dedember 31. the cash balance per books was $14.525.20, and the cash balance per the bank statement was $19.880. 10. The bank did not make any errors, but Sunland Company made two errors. Question 10 of 10 /6 Prepare a bank reconciliation at December 31, 2022. (Round answers to 2 decimal places, eg 52.5. List items that increase cash Balance first. Reconcile cash balance per bank first) SUNLAND COMPANY Bank Reconciliation S & 5 > $ 9 > S > > $ (b) Prepare the adjusting entries based on the reconciliation (List all debit entries before credit entries Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 52.75.) No. Account Titles and Explanation Debit Credit Dec 31 (To record collection of electronic funds transfer by benk.) Dec 31 To record bank service charge Der 31 To correct error in recording check) Dec 31 To correct error in deposit) e Textbook and Media List of Accounts Save for at Attempts: 0 of 5 used Submit Ansures