a. Balance per bank statement, RO 8000 b. Balance per books, RO 7200 c. Interest earned on checking account, RO 800 d. Outstanding checks, RO1200 e. NSF check from Mr. Ahmad, RO 185 f. Deposits in transit, RO 2600 g. Bank charged us a check we did not write, RO 500 h. Monthly bank charges, RO 15 i. Error on the books regarding check number 251 – recorded as RO 1000 instead of as RO 300. The debit was to Salary Expense. j. Forgot to record a deposit on the books for RO 600 k. Bank acted as our agent to collect note of RO 800
a. Balance per bank statement, RO 8000 b. Balance per books, RO 7200 c. Interest earned on checking account, RO 800 d. Outstanding checks, RO1200 e. NSF check from Mr. Ahmad, RO 185 f. Deposits in transit, RO 2600 g. Bank charged us a check we did not write, RO 500 h. Monthly bank charges, RO 15 i. Error on the books regarding check number 251 – recorded as RO 1000 instead of as RO 300. The debit was to Salary Expense. j. Forgot to record a deposit on the books for RO 600 k. Bank acted as our agent to collect note of RO 800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Q2: Use the following information to prepare a bank reconciliation. Then, make journal
entries appropriately.
a. Balance per bank statement, RO 8000
b. Balance per books, RO 7200
c. Interest earned on checking account, RO 800
d. Outstanding checks, RO1200
e. NSF check from Mr. Ahmad, RO 185
f. Deposits in transit, RO 2600
g. Bank charged us a check we did not write, RO 500
h. Monthly bank charges, RO 15
i. Error on the books regarding check number 251 – recorded as RO 1000 instead
of as RO 300. The debit was to Salary Expense.
j. Forgot to record a deposit on the books for RO 600
k. Bank acted as our agent to collect note of RO 800
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