5 5 - B e 10 5 6 7 8 9 10 Skatetown USA's manager Jim Patrick received monthly bank statement at March 31, which shows the following: 1 Bank statement data EFT rent collection Service charge NSF checks Charge for printed checks Ending balance 1 2 3 In reviewing his cash records, Patrick identifies the following: 4 $ Deposit in transit Outstanding checks Balance, March 31 Salary check sss 315 10 100 S 11 $ 710 Cash records data $ S $ 1,865 S 1,775 615 Recorded Actual amount amount 21 S 210

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Chapter5: Cash Control Systems
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4 Skatetown USA's manager Jim Patrick received monthly bank statement at March 31, which shows the following:
5
6
7
8
10
11
18
19
Bank statement data
20
21
EFT rent collection
Service charge
NSF checks
Charge for printed checks
Ending balance
$
sss 1
Deposit in transit
Outstanding checks
Balance, March 31
Salary check
$
12
13 In reviewing his cash records, Patrick identifies the following:
14
15
16
17
$
$
$
Cash records data
315
10
100
11
710
$ 1,775
$
615
$ 1,865
Recorded
Actual
amount amount
$
21 $ 210
Transcribed Image Text:4 Skatetown USA's manager Jim Patrick received monthly bank statement at March 31, which shows the following: 5 6 7 8 10 11 18 19 Bank statement data 20 21 EFT rent collection Service charge NSF checks Charge for printed checks Ending balance $ sss 1 Deposit in transit Outstanding checks Balance, March 31 Salary check $ 12 13 In reviewing his cash records, Patrick identifies the following: 14 15 16 17 $ $ $ Cash records data 315 10 100 11 710 $ 1,775 $ 615 $ 1,865 Recorded Actual amount amount $ 21 $ 210
3
4
5
6
10
Skatetown USA
Bank Reconciliation
March 31, 2021
7 BANK:
8 Balance, March 31
9 Add:
10 Subtotal
11 Less: Outstanding checks
12 Adjusted bank balance
13
14 BOOKS:
15 Balance, March 31
16 Add:
17 Subtotal
18
Less:
19
20
21
22
23
24 Adjusted book balance
25
26 Patrick's actual cash balance
27
78
NSF checks
Charge for printing checks
Service charge
$ 100
11
10
189
$ 710
1,775
2,485
615
$1,870
$1,865
315
2,180
$2,180
Transcribed Image Text:3 4 5 6 10 Skatetown USA Bank Reconciliation March 31, 2021 7 BANK: 8 Balance, March 31 9 Add: 10 Subtotal 11 Less: Outstanding checks 12 Adjusted bank balance 13 14 BOOKS: 15 Balance, March 31 16 Add: 17 Subtotal 18 Less: 19 20 21 22 23 24 Adjusted book balance 25 26 Patrick's actual cash balance 27 78 NSF checks Charge for printing checks Service charge $ 100 11 10 189 $ 710 1,775 2,485 615 $1,870 $1,865 315 2,180 $2,180
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