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Assessment: Bank Reconciliation and Adjusting Entries Attempt #1 Note: This exercise is in two steps. Each subsequent step moves to the right on this spreadsheet. The following information pertains to Kelker Corp. Cash balance per bank, December 31, $8,394. The bank service charge for the month is $20. Cash balance per books, December 31, $7,947. The bank erroneously deposited a check for $150 in Kelker's account. The deposit should have gone in a different account. Deposits in transit, December 31, $1,265. Outstanding checks, December 31, $985. The bank collected a $600 note for Kelker Corp. plus $12 interest less $15 fees. Instructions: Step 1. Please prepare a bank reconciliation in proper format based on the above information. Step 2. Prepare the adjusting entries required as a result of the bank reconciliation. Date each entry December 31. Assessment: Bank Reconciliation and Adjusting Entries Attempt #1 Note: This exercise is in two steps. Each subsequent step moves to the right on this spreadsheet. The following information pertains to Kelker Corp. 1. Cash balance per bank, December 31, $8,394. 2. The bank service charge for the month is $20. 3. Cash balance per books, December 31, $7,947. 4. The bank erroneously deposited a check for $150 in Kelker's account. The deposit should have gone in a different account. 5. Deposits in transit, December 31, $1,265. 6. Outstanding checks, December 31, $985. 7. The bank collected a $600 note for Kelker Corp. plus $12 interest less $15 fees. Instructions: Step 1. Please prepare a bank reconciliation in proper format based on the above information. Step 2. Prepare the adjusting entries required as a result of the bank reconciliation. Date each entry December 31. Date General Journal Account Title and Explanation Ref. Debit Credit

Assessment: Bank Reconciliation and Adjusting Entries Attempt #1 Note: This exercise is in two steps. Each subsequent step moves to the right on this spreadsheet. The following information pertains to Kelker Corp. Cash balance per bank, December 31, $8,394. The bank service charge for the month is $20. Cash balance per books, December 31, $7,947. The bank erroneously deposited a check for $150 in Kelker's account. The deposit should have gone in a different account. Deposits in transit, December 31, $1,265. Outstanding checks, December 31, $985. The bank collected a $600 note for Kelker Corp. plus $12 interest less $15 fees. Instructions: Step 1. Please prepare a bank reconciliation in proper format based on the above information. Step 2. Prepare the adjusting entries required as a result of the bank reconciliation. Date each entry December 31. Assessment: Bank Reconciliation and Adjusting Entries Attempt #1 Note: This exercise is in two steps. Each subsequent step moves to the right on this spreadsheet. The following information pertains to Kelker Corp. 1. Cash balance per bank, December 31, $8,394. 2. The bank service charge for the month is $20. 3. Cash balance per books, December 31, $7,947. 4. The bank erroneously deposited a check for $150 in Kelker's account. The deposit should have gone in a different account. 5. Deposits in transit, December 31, $1,265. 6. Outstanding checks, December 31, $985. 7. The bank collected a $600 note for Kelker Corp. plus $12 interest less $15 fees. Instructions: Step 1. Please prepare a bank reconciliation in proper format based on the above information. Step 2. Prepare the adjusting entries required as a result of the bank reconciliation. Date each entry December 31. Date General Journal Account Title and Explanation Ref. Debit Credit

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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Assessment: Bank Reconciliation and Adjusting Entries Attempt #1 Note: This exercise is in two steps. Each subsequent step moves to the right on this spreadsheet. The following information pertains to Kelker Corp. Cash balance per bank, December 31, $8,394. The bank service charge for the month is $20. Cash balance per books, December 31, $7,947. The bank erroneously deposited a check for $150 in Kelker's account. The deposit should have gone in a different account. Deposits in transit, December 31, $1,265. Outstanding checks, December 31, $985. The bank collected a $600 note for Kelker Corp. plus $12 interest less $15 fees. Instructions: Step 1. Please prepare a bank reconciliation in proper format based on the above information. Step 2. Prepare the adjusting entries required as a result of the bank reconciliation. Date each entry December 31.
Transcribed Image Text:Assessment: Bank Reconciliation and Adjusting Entries Attempt #1 Note: This exercise is in two steps. Each subsequent step moves to the right on this spreadsheet. The following information pertains to Kelker Corp. Cash balance per bank, December 31, $8,394. The bank service charge for the month is $20. Cash balance per books, December 31, $7,947. The bank erroneously deposited a check for $150 in Kelker's account. The deposit should have gone in a different account. Deposits in transit, December 31, $1,265. Outstanding checks, December 31, $985. The bank collected a $600 note for Kelker Corp. plus $12 interest less $15 fees. Instructions: Step 1. Please prepare a bank reconciliation in proper format based on the above information. Step 2. Prepare the adjusting entries required as a result of the bank reconciliation. Date each entry December 31.
Assessment: Bank Reconciliation and Adjusting Entries Attempt #1 Note: This exercise is in two steps. Each subsequent step moves to the right on this spreadsheet. The following information pertains to Kelker Corp. 1. Cash balance per bank, December 31, $8,394. 2. The bank service charge for the month is $20. 3. Cash balance per books, December 31, $7,947. 4. The bank erroneously deposited a check for $150 in Kelker's account. The deposit should have gone in a different account. 5. Deposits in transit, December 31, $1,265. 6. Outstanding checks, December 31, $985. 7. The bank collected a $600 note for Kelker Corp. plus $12 interest less $15 fees. Instructions: Step 1. Please prepare a bank reconciliation in proper format based on the above information. Step 2. Prepare the adjusting entries required as a result of the bank reconciliation. Date each entry December 31. Date General Journal Account Title and Explanation Ref. Debit Credit
Transcribed Image Text:Assessment: Bank Reconciliation and Adjusting Entries Attempt #1 Note: This exercise is in two steps. Each subsequent step moves to the right on this spreadsheet. The following information pertains to Kelker Corp. 1. Cash balance per bank, December 31, $8,394. 2. The bank service charge for the month is $20. 3. Cash balance per books, December 31, $7,947. 4. The bank erroneously deposited a check for $150 in Kelker's account. The deposit should have gone in a different account. 5. Deposits in transit, December 31, $1,265. 6. Outstanding checks, December 31, $985. 7. The bank collected a $600 note for Kelker Corp. plus $12 interest less $15 fees. Instructions: Step 1. Please prepare a bank reconciliation in proper format based on the above information. Step 2. Prepare the adjusting entries required as a result of the bank reconciliation. Date each entry December 31. Date General Journal Account Title and Explanation Ref. Debit Credit
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