A bank depositor received the following bank statement from the bank. Prepare a bankreconciliation as of September 30, 2011.2011Sept. 5Drawn check no. 56 for $30,000 for payable to SMI Corp. for payment ofinvoice 45.Sept. 8Issued check no. 57 to Mariano Co. for advances for travel expense. Theamount received is $16,000.Received payment from customer Ely Tan for $34,000 for merchandise sold tohim. Issued OR 312.Sept. 10Sept. 15Sept. 27Sept. 29The bank used a debit memo $800 for cost of blank check book.Payment to the BIR for withholding taxes was $22,000. Check No. 58.Received from Marina Carlos $4,000 OR 313.$ 100,000(30,000)(16,000)34,000(800)(1,000)600Sept. 26BalanceCheck 5610Check 5711OR #31215Debit Memo29Bank Service ChargeInterest Earned2929Balance$ 86,800

The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

A bank depositor received the following bank statement from the bank. Prepare a bank reconciliation as of September 30, 2011. 2011 Sept. 5 Drawn check no. 56 for $30,000 for payable to SMI Corp. for payment of invoice 45. Sept. 8 Issued check no. 57 to Mariano Co. for advances for travel expense. The amount received is $16,000. Received payment from customer Ely Tan for $34,000 for merchandise sold to Sept. 10 him. Issued OR 312. Sept. 15 Sept. 27 Sept. 29 The bank used a debit memo $800 for cost of blank check book. Payment to the BIR for withholding taxes was $22,000. Check No. 58. Received from Marina Carlos $4,000 OR 313. $ 100,000 (30,000) (16,000) 34,000 (800) _(1,000) 600 Sept. 2 6 Balance Check 56 10 Check 57 11 OR #312 15 Debit Memo 29 Bank Service Charge Interest Earned 29 29 Balance $ 86,800

A bank depositor received the following bank statement from the bank. Prepare a bank reconciliation as of September 30, 2011. 2011 Sept. 5 Drawn check no. 56 for $30,000 for payable to SMI Corp. for payment of invoice 45. Sept. 8 Issued check no. 57 to Mariano Co. for advances for travel expense. The amount received is $16,000. Received payment from customer Ely Tan for $34,000 for merchandise sold to Sept. 10 him. Issued OR 312. Sept. 15 Sept. 27 Sept. 29 The bank used a debit memo $800 for cost of blank check book. Payment to the BIR for withholding taxes was $22,000. Check No. 58. Received from Marina Carlos $4,000 OR 313. $ 100,000 (30,000) (16,000) 34,000 (800) _(1,000) 600 Sept. 2 6 Balance Check 56 10 Check 57 11 OR #312 15 Debit Memo 29 Bank Service Charge Interest Earned 29 29 Balance $ 86,800

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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