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B. Prepare a bank reconciliation statement for the Your Moment Wedding Planner for the month of September 1 Balance per ledger account is P251,020 as of September 30, 2010. 2 Deposits not yet entered as bank deposits because of the clearing time. P Ganda Photography Tulips, etc 18,750.00 10,300.00 22,150.00 Jasmine Crepes and Pastries 3 Balance per bank statement amounted to P204,300 as of September 30, 2010 4 The bank posted a deposit as P8,546 instead of the correct amount of PB, 645 5 Your Moment Wedding planner received a debit memo from the bank informing them regarding the check of a client that is "Drawn Against Insufficient Fund amounting to P43, 110 6 The newly hired bookeeper inadvertently recorded a check payment to Maynilad twice amounting to P545. 7 The bank sent a credit memorandum informing the company of a collection frominterest for a dient's Promissory note amounting to P25, 100 plus an annual 10% interest computed at 10 months The bank also sent a debit memorandun amounting to P500 for the service charge for said collection 8 Several Checks issued by Your Moment Wedding Planner have not yet been en cashed nor deposited by the payees check no 3435122 check no 3435123 P 11,101.00 6,213.00 15,790.00 check no 3435127 9 The bank charged the company for the rent of several safety deposit boxes amounting to P5,449.67 10 A check issued by the companyto Laff Top Computer Co amounting to P34,999 as payment on an account was recorded as P25,097 11 A check deposit by Your Momentum was mistakenly included by the bank in the company's account amounting to P2,700.

B. Prepare a bank reconciliation statement for the Your Moment Wedding Planner for the month of September 1 Balance per ledger account is P251,020 as of September 30, 2010. 2 Deposits not yet entered as bank deposits because of the clearing time. P Ganda Photography Tulips, etc 18,750.00 10,300.00 22,150.00 Jasmine Crepes and Pastries 3 Balance per bank statement amounted to P204,300 as of September 30, 2010 4 The bank posted a deposit as P8,546 instead of the correct amount of PB, 645 5 Your Moment Wedding planner received a debit memo from the bank informing them regarding the check of a client that is "Drawn Against Insufficient Fund amounting to P43, 110 6 The newly hired bookeeper inadvertently recorded a check payment to Maynilad twice amounting to P545. 7 The bank sent a credit memorandum informing the company of a collection frominterest for a dient's Promissory note amounting to P25, 100 plus an annual 10% interest computed at 10 months The bank also sent a debit memorandun amounting to P500 for the service charge for said collection 8 Several Checks issued by Your Moment Wedding Planner have not yet been en cashed nor deposited by the payees check no 3435122 check no 3435123 P 11,101.00 6,213.00 15,790.00 check no 3435127 9 The bank charged the company for the rent of several safety deposit boxes amounting to P5,449.67 10 A check issued by the companyto Laff Top Computer Co amounting to P34,999 as payment on an account was recorded as P25,097 11 A check deposit by Your Momentum was mistakenly included by the bank in the company's account amounting to P2,700.

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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B. Prepare a bank reconciliation statement for the Your Moment Wedding Planner for the month of September 1 Balance per ledger account is P251,020 as of September 30, 2010. 2 Deposits not yet entered as bank deposits because of the clearing time. Ganda Photography P Tulips, etc 18,750.00 10,300.00 22,150.00 Jasmine Crepes and Pastries 3 Balance per bank statement amounted to P204,300 as of September 30, 2010 4 The bank posted a deposit as PB,546 instead of the correct amount of P8,645 5 Your Moment Wedding planner received a debit memo from the bank informing them regarding the check of a client that is "Drawn Against Insufficient Fund" amounting to P43, 110 6 The newly hired bookeeper inadvertently recorded a check payment to Maynilad twice amounting to P545. 7 The bank sent a credit memorandum informing the company of a collection from interest for a dient's Promissory note amounting to P25, 100 plus an annual 10% interest computed at 10 months The bank also sent a debit memorandun amounting to P500 for the service charge for said collection 8 Several Checks issued by Your Moment Wedding Planner have not yet been encashed nor deposited by the payees check no 3435122 checkno 3435123 P 11,101.00 6,213.00 checkno 3435127 15,790.00 9 The bank charged the company for the rent of several safety deposit boxes amounting to P5,449.67 10 A check issued by the companyto Laff Top Computer Co amounting to P34,999 as payment on an account was recorded as P25,097 11 A check deposit by Your Momentum was mistakenly included by the bank in the company's account amounting to P2,700.
Transcribed Image Text:B. Prepare a bank reconciliation statement for the Your Moment Wedding Planner for the month of September 1 Balance per ledger account is P251,020 as of September 30, 2010. 2 Deposits not yet entered as bank deposits because of the clearing time. Ganda Photography P Tulips, etc 18,750.00 10,300.00 22,150.00 Jasmine Crepes and Pastries 3 Balance per bank statement amounted to P204,300 as of September 30, 2010 4 The bank posted a deposit as PB,546 instead of the correct amount of P8,645 5 Your Moment Wedding planner received a debit memo from the bank informing them regarding the check of a client that is "Drawn Against Insufficient Fund" amounting to P43, 110 6 The newly hired bookeeper inadvertently recorded a check payment to Maynilad twice amounting to P545. 7 The bank sent a credit memorandum informing the company of a collection from interest for a dient's Promissory note amounting to P25, 100 plus an annual 10% interest computed at 10 months The bank also sent a debit memorandun amounting to P500 for the service charge for said collection 8 Several Checks issued by Your Moment Wedding Planner have not yet been encashed nor deposited by the payees check no 3435122 checkno 3435123 P 11,101.00 6,213.00 checkno 3435127 15,790.00 9 The bank charged the company for the rent of several safety deposit boxes amounting to P5,449.67 10 A check issued by the companyto Laff Top Computer Co amounting to P34,999 as payment on an account was recorded as P25,097 11 A check deposit by Your Momentum was mistakenly included by the bank in the company's account amounting to P2,700.
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