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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