prepare a bank reconciliation at june 31 The bank reconciliation prepared by Winfield Construction on June 30, 2020, appeared as follows:winfield ConstructionBank ReconciliationJune 30, 2020Bank statement balance$ 8,700 Book balance$ 9,260Add:Deposit of June 30 in transit1,300$10, e00Deduct:Outstanding cheque #14740Adjusted bank balance$ 9, 260 Adjusted book balance$ 9,260The Cash account in the General Ledger appeared as follows on July 31:CashAcct. No. 101DateExplanation PRDebitCreditBalance2020JuneBalance9,26013,93211,02330July31CR34,67231CD62,909A list of deposits made and cheques written during July, taken from the Cash Recelpts Journal and Cash Disbursements Journal, isshown below:Deposits MadeJuly8$1,190111,55e241,33931593Total July Cash Receipts$ 4,672 Cheques Written$ 1,663No.525389454352Total July Cash Disbursements$ 2,909The following bank statement Is avallable for July:Bank StatementTo: Winfield ConstructionJuly 31, 282eBank of MontrealCheques/ChargesDeposits/CreditsBalance1, 3001,1908,7009,5699,096NSF07/0243107/02#5287/081,66307/08#9607/1139107/111,55010,25511,59411,24207/241,339#5487/3135207/31NSF = Not SufficientFundsSC = ServiceChargePMT = PrincipalINT = InterestPaymentIn revlewing cheques returned by the bank, the bookkeeper noted that cheque #96 written by Winburn Construction in the amount of$391 was charged agalnst Winfield's account in error by the bank. The NSF cheque was regarding a customer account, Jim Anderson.

The bank reconciliation statement is prepared adjust the balance of cash book and passbook to make…

Bank Reconciliation June 30, 202e Bank statement balance $ 8,700 Book balance $ 9,260 Add: Deposit of June 3e in transit 1,300 $10, e0e Deduct: Outstanding cheque m14 740 Adjusted bank balance $ 9, 260 Adjusted book balance $ 9,260 The Cash account In the General Ledger appeared as follows on July 31: Cash Acct. No. 101 Date Explanation PR Debit Credit Balance 2020 June 30 Balance 9,260 July 31 CR3 4,672 13,932 31 CD6 2,909 11,023 A list of deposits made and cheques written during July, taken from the Cash Recelpts Journal and Cash Disburs shown below: Deposits Made July $1,190 1,5se 1,339 11 24 31 593 Total July Cash Receipts $ 4,672

Bank Reconciliation June 30, 202e Bank statement balance $ 8,700 Book balance $ 9,260 Add: Deposit of June 3e in transit 1,300 $10, e0e Deduct: Outstanding cheque m14 740 Adjusted bank balance $ 9, 260 Adjusted book balance $ 9,260 The Cash account In the General Ledger appeared as follows on July 31: Cash Acct. No. 101 Date Explanation PR Debit Credit Balance 2020 June 30 Balance 9,260 July 31 CR3 4,672 13,932 31 CD6 2,909 11,023 A list of deposits made and cheques written during July, taken from the Cash Recelpts Journal and Cash Disburs shown below: Deposits Made July $1,190 1,5se 1,339 11 24 31 593 Total July Cash Receipts $ 4,672

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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Sal's Surf Shop deposits all receipts in the bank and makes all payments by check. On July 31 the cash account had a balance of $6,105.42. The bank statement on July 31 reported a balance of $4,146.46. Upon comparing the bank statement to the books, the following items were found. а. A bank debit memo issued for an NSF check from a customer of $21.25. b. A bank credit memo issued for interest of $8.50 earned during the month. С. During the evening of July 31, a deposit of $1,948.25 was made, which is not shown on the bank statement. d. A bank debit memo issued for $18.50 for bank service charges. е. Checks for the amounts of $34.00, $17.85, and $93.25 were written during July but have not yet been received by the bank. f. The reconciliation from the previous month, June, showed outstanding checks of $260.80. One of these checks in the amount of $7.38 has not yet been received by the bank. g. After comparing the canceled checks to the bank statement, it was discovered that a check…
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Question 19 ) BRS
Bank Reconciliation and Related Journal Entries The book balance in the checking account of Lyle's Salon as of November 30 is $3,277.77. The bank statement shows an ending balance of $2,109.00. By examining last month's bank reconciliation, comparing the deposits and checks written per books and per bank in November, an noting the service charges and other debit and credit memos shown on the bank statement, the following were found: a. An ATM withdrawal of $150.00 on November 18 by Lyle for personal use was not recorded on the books. b. A bank debit memo issued for an NSF check from a customer of $19.20. c. A bank credit memo issued for interest of $20.00 earned during the month. d. On November 30, a deposit of $1,186.00 was made, which is not shown on the bank statement. e. A bank debit memo issued for $16.80 for bank service charges. f. Checks No. 549, 561, and 562 for the anounts of $181.00, $24.00, and $9.50, respectively, were written during November but have not yet been received…
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Part 1. Prepare bank reconciliation for swing set company at march 31 2022