1. At December 31, cash per the bank statement was $15,200; cash per the company's records was $17,000. 2. Two debit memoranda accompanied the bank statement: service charges for December of $22, and a $750 check drawn by a customer, Jane Jones, marked NSF. 3. Cash receipts of $10,000 on December 31 were not deposited until January 4. 4. The following checks had been issued in December but were not included among the paid checks returned by the bank: no. 620 for $1,100, no. 630 for $2,300, and no. 641 for $5,572. a. Prepare a bank reconciliation at December 31. b. Prepare the necessary journal entry or entries to update the accounting records. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a bank reconciliation at December 31. Balance per bank statement Adjusted cash balance Balance per depositor's records Adjusted cash balance WARREN ELECTRIC Bank Reconciliation December 31 $ $ 0 OO O
1. At December 31, cash per the bank statement was $15,200; cash per the company's records was $17,000. 2. Two debit memoranda accompanied the bank statement: service charges for December of $22, and a $750 check drawn by a customer, Jane Jones, marked NSF. 3. Cash receipts of $10,000 on December 31 were not deposited until January 4. 4. The following checks had been issued in December but were not included among the paid checks returned by the bank: no. 620 for $1,100, no. 630 for $2,300, and no. 641 for $5,572. a. Prepare a bank reconciliation at December 31. b. Prepare the necessary journal entry or entries to update the accounting records. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a bank reconciliation at December 31. Balance per bank statement Adjusted cash balance Balance per depositor's records Adjusted cash balance WARREN ELECTRIC Bank Reconciliation December 31 $ $ 0 OO O
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Transcribed Image Text:1. At December 31, cash per the bank statement was $15,200; cash per the company's records was $17,000.
2. Two debit memoranda accompanied the bank statement: service charges for December of $22, and a $750 check drawn by a
customer, Jane Jones, marked NSF.
3. Cash receipts of $10,000 on December 31 were not deposited until January 4.
4. The following checks had been issued in December but were not included among the paid checks returned by the bank: no. 620
for $1,100, no. 630 for $2,300, and no. 641 for $5,572.
a. Prepare a bank reconciliation at December 31.
b. Prepare the necessary journal entry or entries to update the accounting records.
Complete this question by entering your answers in the tabs below.
Required A Required B
Prepare a bank reconciliation at December 31.
Balance per bank statement
Adjusted cash balance
Balance per depositor's records
Adjusted cash balance
WARREN ELECTRIC
Bank Reconciliation
December 31
$
$
0
OO
O
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