BANK RECON 2 The following bank recon is prepared by a cashier. Balance per books Add: Less: Outstanding checks g h Unrecorded debit Undeposited receipts Unrecorded credit REQUIRED: Correct cash balance 0223 0225 0227 e The bank statement had a balance of P 173,698 f The following are the correct outstanding checks: 0210 1,418.40 0218 1,560.00 0219 3,039.00 2,288.52 4,881.60 1,983.48 Additional information: a The Cash book balance included undeposited receipts. b A credit of P 3,624 on the bank records for a customer deposit made directly through the banks for payment of account C A P 224 bank debit also appeared in the bank statement for service charges for the month of October. d AP 1,000 depositor's note was also charged by the bank for the month. These were not yet recorded on the books. 197,054.64 9,153.60 1,224.00 (32,310.24) (3,624.00) 171,498.00 0223 0225 0227 2,288.52 4,881.60 1,983.48 Cash on hand amounted to P 32,310.24 which appeared to be undeposited per books. The cut-off bank statement the following month shows among others, a bank credit on Nov 3 for a correct- ion of an October erroneous bank charge amounting to P 200 1 Prepare a corrected bank reconciliation statement showing both balances adjusted 2 Prepare the necessary compound adjusting entries
BANK RECON 2 The following bank recon is prepared by a cashier. Balance per books Add: Less: Outstanding checks g h Unrecorded debit Undeposited receipts Unrecorded credit REQUIRED: Correct cash balance 0223 0225 0227 e The bank statement had a balance of P 173,698 f The following are the correct outstanding checks: 0210 1,418.40 0218 1,560.00 0219 3,039.00 2,288.52 4,881.60 1,983.48 Additional information: a The Cash book balance included undeposited receipts. b A credit of P 3,624 on the bank records for a customer deposit made directly through the banks for payment of account C A P 224 bank debit also appeared in the bank statement for service charges for the month of October. d AP 1,000 depositor's note was also charged by the bank for the month. These were not yet recorded on the books. 197,054.64 9,153.60 1,224.00 (32,310.24) (3,624.00) 171,498.00 0223 0225 0227 2,288.52 4,881.60 1,983.48 Cash on hand amounted to P 32,310.24 which appeared to be undeposited per books. The cut-off bank statement the following month shows among others, a bank credit on Nov 3 for a correct- ion of an October erroneous bank charge amounting to P 200 1 Prepare a corrected bank reconciliation statement showing both balances adjusted 2 Prepare the necessary compound adjusting entries
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
USE EXCEL ONLY
SHOW FORMULAS ON EXCEL
NO FORMULAS = NO UPVOTE

Transcribed Image Text:58 BANK RECON
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
2 The following bank recon is prepared by a cashier.
Balance per books
Add:
Less:
77
78
79
80
81
82
83
84
85
86 REQUIRED:
87
20
Outstanding checks
g
h
Unrecorded debit
Undeposited receipts
Unrecorded credit
Correct cash balance
e
The bank statement had a balance of P 173,698
f The following are the correct outstanding checks:
0223
0225
0227
Additional information:
a
The Cash book balance included undeposited receipts.
b A credit of P 3,624 on the bank records for a customer deposit made directly through the banks for
payment of account
с
AP 224 bank debit also appeared in the bank statement for service charges for the month of October.
d AP 1,000 depositor's note was also charged by the bank for the month. These were not yet recorded on
the books.
0210
0218
0219
1,418.40
1,560.00
3,039.00
2,288.52
4,881.60
1,983.48
197,054.64
0223
0225
0227
9,153.60
1,224.00
(32,310.24)
(3,624.00)
171,498.00
2,288.52
4,881.60
1,983.48
Cash on hand amounted to P 32,310.24 which appeared to be undeposited per books.
The cut-off bank statement the following month shows among others, a bank credit on Nov 3 for a correct-
ion of an October erroneous bank charge amounting to P 200
1 Prepare a corrected bank reconciliation statement showing both balances adjusted
2 Prepare the necessary compound adjusting entries
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