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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
prepare a bank reconciliation at june 31
![The bank reconciliation prepared by Winfield Construction on June 30, 2020, appeared as follows:
winfield Construction
Bank Reconciliation
June 30, 2020
Bank statement balance
$ 8,700 Book balance
$ 9,260
Add:
Deposit of June 30 in transit
1,300
$10, e00
Deduct:
Outstanding cheque #14
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
Balance
9,260
13,932
11,023
30
July
31
CR3
4,672
31
CD6
2,909
A list of deposits made and cheques written during July, taken from the Cash Recelpts Journal and Cash Disbursements Journal, is
shown below:
Deposits Made
July
8
$1,190
11
1,55e
24
1,339
31
593
Total July Cash Receipts
$ 4,672](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F27cb37ee-e2ba-46e2-8db7-8266e3baf6ae%2Fc5c4efe0-078b-4b06-ad3b-a6ca60f67e66%2F0atc9a3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The bank reconciliation prepared by Winfield Construction on June 30, 2020, appeared as follows:
winfield Construction
Bank Reconciliation
June 30, 2020
Bank statement balance
$ 8,700 Book balance
$ 9,260
Add:
Deposit of June 30 in transit
1,300
$10, e00
Deduct:
Outstanding cheque #14
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
Balance
9,260
13,932
11,023
30
July
31
CR3
4,672
31
CD6
2,909
A list of deposits made and cheques written during July, taken from the Cash Recelpts Journal and Cash Disbursements Journal, is
shown below:
Deposits Made
July
8
$1,190
11
1,55e
24
1,339
31
593
Total July Cash Receipts
$ 4,672
![Cheques Written
$ 1,663
No.
52
53
894
54
352
Total July Cash Disbursements
$ 2,909
The following bank statement Is avallable for July:
Bank Statement
To: Winfield Construction
July 31, 282e
Bank of Montreal
Cheques/Charges
Deposits/Credits
Balance
1, 300
1,190
8,700
9,569
9,096
NSF
07/02
431
07/02
#52
87/08
1,663
07/08
#96
07/11
391
07/11
1,550
10,255
11,594
11,242
07/24
1,339
#54
87/31
352
07/31
NSF = Not Sufficient
Funds
SC = Service
Charge
PMT = Principal
INT = Interest
Payment
In 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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F27cb37ee-e2ba-46e2-8db7-8266e3baf6ae%2Fc5c4efe0-078b-4b06-ad3b-a6ca60f67e66%2Fdejipq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cheques Written
$ 1,663
No.
52
53
894
54
352
Total July Cash Disbursements
$ 2,909
The following bank statement Is avallable for July:
Bank Statement
To: Winfield Construction
July 31, 282e
Bank of Montreal
Cheques/Charges
Deposits/Credits
Balance
1, 300
1,190
8,700
9,569
9,096
NSF
07/02
431
07/02
#52
87/08
1,663
07/08
#96
07/11
391
07/11
1,550
10,255
11,594
11,242
07/24
1,339
#54
87/31
352
07/31
NSF = Not Sufficient
Funds
SC = Service
Charge
PMT = Principal
INT = Interest
Payment
In 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.
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