2. Bedlam Company provided the following data for the month of December: November 30 December 31 Cash in bank account balance Bank statement balance Bank debits Bank credits Book debits Book credits 2,032,000 1,890,000 3,160,000 2,900,000 1,080,000 ? ? Outstanding checks Deposit in transit 1,440,000 180,000 80,000 592,000 498,000 18 | Pa SAINT COLUMBAN COLLE Corner V. Cerilles - Sagun Streets, San Francisco District, Pagadian City Tel Nos: 2151799 /2151800 | Fax No: 2141290 | Website: www.sccpag.edu ph | E-mail sccpc1957@gmail Check erroneously charged by bank against entity's account (corrected in subsequent month) Bank service charge Note recorded as cash receipt by entity when placed with bank for collection (note is actually collected by bank in subsequent month and credited by bank to entity's account in same month) 40,000 2,000 50,000 4,000 200,000 300,000 quired: Prepare a four-column reconciliation showing adjusted balances.

2. Bedlam Company provided the following data for the month of December: November 30 December 31 Cash in bank account balance Bank statement balance Bank debits Bank credits Book debits Book credits 2,032,000 1,890,000 3,160,000 2,900,000 1,080,000 ? ? Outstanding checks Deposit in transit 1,440,000 180,000 80,000 592,000 498,000 18 | Pa SAINT COLUMBAN COLLE Corner V. Cerilles - Sagun Streets, San Francisco District, Pagadian City Tel Nos: 2151799 /2151800 | Fax No: 2141290 | Website: www.sccpag.edu ph | E-mail sccpc1957@gmail Check erroneously charged by bank against entity's account (corrected in subsequent month) Bank service charge Note recorded as cash receipt by entity when placed with bank for collection (note is actually collected by bank in subsequent month and credited by bank to entity's account in same month) 40,000 2,000 50,000 4,000 200,000 300,000 quired: Prepare a four-column reconciliation showing adjusted balances.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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