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A Madison Shepherd MS P Search Review problem bank rec and bad debt 2) - Protected View- Saved to this PC- d Share 2Com Design Layout References Mailings Review View Help File Home Insert Draw Enable Editing O PROTECTED VIIW Be careful-files from the Internet Can contain virnnes Unless you need to edit it's safer to stay in Protected View. Bank Reconciliation Review The following information comes from the records of Mayhem Co. for the month of April. Their ending cash balance per their general ledger was $7,340. Deposits Cash Payments Date Amount Date Check Amount Apr 1 560 Apr 4 1716 580 10 1,440 9. 1717 870 780 17 1718 1,050 17 30 2,900 25 1719 110 From the Company's Bank Statement Balance Checks and other debits Date Check # Deposits 4/2 560 4/1 4,480 Amount Date Amount 4/5 4/11 1,440 4/2 5,040 1716 580 4/12 1717 4/15 1,500 CM 4/11 5,690 800 20 SC 4/17 780 4/12 4,890 4/28 4/28 10 IN 4/15 6,390 4/17 7,170 4/28 7,160 CM- Credit Memo SC- Service Charge IN - Interest The Credit Memo is for the collection of a note. Check 1717 for utilities was incorrectly recorded in the check register as $870. It cleared the bank for the correct amount. Prepare the Bank Reconciliation as of April 30 and the necessary journal entries. DFocus

A Madison Shepherd MS P Search Review problem bank rec and bad debt 2) - Protected View- Saved to this PC- d Share 2Com Design Layout References Mailings Review View Help File Home Insert Draw Enable Editing O PROTECTED VIIW Be careful-files from the Internet Can contain virnnes Unless you need to edit it's safer to stay in Protected View. Bank Reconciliation Review The following information comes from the records of Mayhem Co. for the month of April. Their ending cash balance per their general ledger was $7,340. Deposits Cash Payments Date Amount Date Check Amount Apr 1 560 Apr 4 1716 580 10 1,440 9. 1717 870 780 17 1718 1,050 17 30 2,900 25 1719 110 From the Company's Bank Statement Balance Checks and other debits Date Check # Deposits 4/2 560 4/1 4,480 Amount Date Amount 4/5 4/11 1,440 4/2 5,040 1716 580 4/12 1717 4/15 1,500 CM 4/11 5,690 800 20 SC 4/17 780 4/12 4,890 4/28 4/28 10 IN 4/15 6,390 4/17 7,170 4/28 7,160 CM- Credit Memo SC- Service Charge IN - Interest The Credit Memo is for the collection of a note. Check 1717 for utilities was incorrectly recorded in the check register as $870. It cleared the bank for the correct amount. Prepare the Bank Reconciliation as of April 30 and the necessary journal entries. DFocus

FINANCIAL ACCOUNTING
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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A Madison Shepherd MS O Search Review problem bank rec and bad debt (2) - Protected View - Saved to this PC - Share Com Insert Design Layout References Mailings Review View Help File Home Draw Enable Editing PROTECTED VIEW Be careful-files from the Internet can cotain viruses. Unless you need to edit, it's safer to stay in Protected View. Bank Reconciliation Review The following information comes from the records of Mayhem Co. for the month of April. Their ending cash balance per their general ledger was $7,340. Deposits Cash Payments Date Amount Date Check # Amount Apr 1 560 Apr 4 1716 580 10 1,440 1717 870 17 780 17 1718 1,050 30 2,900 25 1719 110 From the Company's Bank Statement Checks and other debits Deposits Balance 4/2 560 4/1 4,480 Date Check # Amount Date Amount 4/5 1716 580 4/11 1,440 4/2 5,040 4/12 1717 800 4/15 1,500 CM 4/11 5,690 4/28 20 SC 4/17 780 4/12 4,890 4/28 10 IN 4/15 6,390 4/17 7,170 4/28 7,160 CM-Credit Memo SC- Service Charge IN - Interest The Credit Memo is for the collection of a note. Check 1717 for utilities was incorrectly recorded in the check register as $870. It cleared the bank for the correct amount. Prepare the Bank Reconciliation as of April 30 and the necessary journal entries. O Focus
Transcribed Image Text:A Madison Shepherd MS O Search Review problem bank rec and bad debt (2) - Protected View - Saved to this PC - Share Com Insert Design Layout References Mailings Review View Help File Home Draw Enable Editing PROTECTED VIEW Be careful-files from the Internet can cotain viruses. Unless you need to edit, it's safer to stay in Protected View. Bank Reconciliation Review The following information comes from the records of Mayhem Co. for the month of April. Their ending cash balance per their general ledger was $7,340. Deposits Cash Payments Date Amount Date Check # Amount Apr 1 560 Apr 4 1716 580 10 1,440 1717 870 17 780 17 1718 1,050 30 2,900 25 1719 110 From the Company's Bank Statement Checks and other debits Deposits Balance 4/2 560 4/1 4,480 Date Check # Amount Date Amount 4/5 1716 580 4/11 1,440 4/2 5,040 4/12 1717 800 4/15 1,500 CM 4/11 5,690 4/28 20 SC 4/17 780 4/12 4,890 4/28 10 IN 4/15 6,390 4/17 7,170 4/28 7,160 CM-Credit Memo SC- Service Charge IN - Interest The Credit Memo is for the collection of a note. Check 1717 for utilities was incorrectly recorded in the check register as $870. It cleared the bank for the correct amount. Prepare the Bank Reconciliation as of April 30 and the necessary journal entries. O Focus
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