Aries Company's check book lists the following: Date Check No. Items Check Deposit Balance August 4 1 5622 Lotus Gift Shoppe Dividends 5623 PLDT Co. 5624 Petron 5625 Cash 5626 St. Joseph Cathedral 5627 Zulueta's Apartment Paycheck 7,875 6,590 9,330 7,685 5,815 3,065 1,690 1,285 9 2,740 13 1,645 1,870 2,750 1,375 1,125 14 18 26 28 565 30 17,000 17,565 The August bank statement shows: Balance 7,875 Add: Deposits Deduct Checks: Nos: 2,740 Amount 5622 P 1,285 1,645 1,970* 2,750 5623 5624 5625 (7,650) Other Charges: Printed checks P 120 Service charge 90 (210). (7,860) Balance 2,755 *This is the correct amount of check number 5624. Required: Prepare Aries Company's bank reconciliation at August 31.
Aries Company's check book lists the following: Date Check No. Items Check Deposit Balance August 4 1 5622 Lotus Gift Shoppe Dividends 5623 PLDT Co. 5624 Petron 5625 Cash 5626 St. Joseph Cathedral 5627 Zulueta's Apartment Paycheck 7,875 6,590 9,330 7,685 5,815 3,065 1,690 1,285 9 2,740 13 1,645 1,870 2,750 1,375 1,125 14 18 26 28 565 30 17,000 17,565 The August bank statement shows: Balance 7,875 Add: Deposits Deduct Checks: Nos: 2,740 Amount 5622 P 1,285 1,645 1,970* 2,750 5623 5624 5625 (7,650) Other Charges: Printed checks P 120 Service charge 90 (210). (7,860) Balance 2,755 *This is the correct amount of check number 5624. Required: Prepare Aries Company's bank reconciliation at August 31.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Aries Company's check book lists the following:
Date
Check No.
Items
Check Deposit
Balance
August
4
1
5622 Lotus Gift Shoppe
Dividends
5623 PLDT Co.
5624 Petron
5625 Cash
5626 St. Joseph Cathedral
5627 Zulueta's Apartment
Paycheck
7,875
6,590
9,330
7,685
5,815
3,065
1,690
1,285
9
2,740
13
1,645
1,870
2,750
1,375
14
18
26
28
1,125
565
30
17,000
17,565
The August bank statement shows:
Balance
7,875
Add: Deposits
Deduct Checks: Nos:
2,740
Amount
1,285
1,645
1,970*
2,750
5622 P
5623
5624
5625
(7,650)
Other Charges:
Printed checks P
120
Service charge
90
(210),
(7,860)
Balance
2,755
*This is the correct amount of check number 5624.
Required: Prepare Aries Company's bank reconciliation at August 31.
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