A5 Chapter 07- Internal Control and CashBernie CompanyCheque RegisterDateExplanation31-May Deposit1-Jun Cheque1-Jun Cheque1-Jun Cheque1-Jun Cheque3-Jun Cheque4-Jun Cheque9-Jun Deposit12-Jun Cheque12-Jun Cheque12-Jun Cheque18-Jun Deposit20-Jun Cheque21-Jun Cheque24-Jun Cheque26-Jun Cheque29-Jun DepositCheques/Charges6/16/46/96/126/146/186/206/216/296/30882876883884885886887888889890891892893DebitBank Statement565.002,390.00226.001,248.009,050.006,280.001,920.00Credit3,695.00659.00226.002,390.00565.00424.00352.00Balance2,113.782,169.431,248.00Deposits/Credits2,369.006,669.001,452.00256.0031-May21,242.9220,583.9220,357.9217,967.9217,402.9216,978.9216,626.9222,906.9220,793.1418,623.7117,375.7119,295.716/1 9,050.0016,926.7110,257.718,805.718,549.7112,244.71Balance12,192.9220,677.9218,287.926/9 6,280.00 24,341.92#884#883#876#889#882659.00# 8872.003.78#885424.00#8916,569.00#886352.00SC89.306/30Notes: Cheque #887 was recorded incorrectly by the bookeeper for equipmentpurchase. Cheque #891 was recorded incorrectly by the bank.23,093.9222,434.926/18 1,920.00 22,351.1421,927.1415,358.14)15,006.1414,916.84

A bank reconciliation statement could be defined as the summary of the banking and business accounts…

Bernie Company Cheque Register Date Explanation 31-May Deposit 1-Jun Cheque 1-Jun Cheque 1-Jun Cheque 1-Jun Cheque 3-Jun Cheque 4-Jun Cheque 9-Jun Deposit 12-Jun Cheque 12-Jun Cheque 12-Jun Cheque 18-Jun Deposit 20-Jun Cheque 21-Jun Cheque 24-Jun Cheque 26-Jun Cheque 29-Jun Deposit Cheques/Charges 882 876 883 884 885 886 887 888 889 890 891 892 893 Debit Bank Statement 565.00 2,390.00 226.00 1,248.00 659.00 9,050.00 2,003.78 424.00 6,280.00 Credit 1,920.00 3,695.00 659.00 226.00 2,390.00 565.00 424.00 352.00 Deposits/Credits Balance 2,113.78 2,169.43 1,248.00 2,369.00 6,669.00 1,452.00 256.00 31-May 21,242.92 20,583.92 20,357.92 17,967.92 17,402.92 16,978.92 16,626.92 22,906.92 20,793.14 18,623.71 6/1 9,050.00 17,375.71 19,295.71 16,926.71 10,257.71 12,192.92 20,677.92 18,287.92 6/9 6,280.00 24,341.92 23,093.92 22,434.92 22,351.14 21,927.14 15,358.14 15,006.14 14,916.8- 8,805.71 8,549.71 12,244.71 Balance 6/18 1,920.00 #884 6/1 #883 6/4 #876 6/9 #889 6/12 #882 6/14 #887 6/18 #885 6/20 #891 6/21 6,569.00 #886 6/29 352.00 SC 6/30 89.30 6/30 Notes: Cheque #887 was recorded incorrectly by the bookeeper for equipment purchase. Cheque #891 was recorded incorrectly by the bank.

Bernie Company Cheque Register Date Explanation 31-May Deposit 1-Jun Cheque 1-Jun Cheque 1-Jun Cheque 1-Jun Cheque 3-Jun Cheque 4-Jun Cheque 9-Jun Deposit 12-Jun Cheque 12-Jun Cheque 12-Jun Cheque 18-Jun Deposit 20-Jun Cheque 21-Jun Cheque 24-Jun Cheque 26-Jun Cheque 29-Jun Deposit Cheques/Charges 882 876 883 884 885 886 887 888 889 890 891 892 893 Debit Bank Statement 565.00 2,390.00 226.00 1,248.00 659.00 9,050.00 2,003.78 424.00 6,280.00 Credit 1,920.00 3,695.00 659.00 226.00 2,390.00 565.00 424.00 352.00 Deposits/Credits Balance 2,113.78 2,169.43 1,248.00 2,369.00 6,669.00 1,452.00 256.00 31-May 21,242.92 20,583.92 20,357.92 17,967.92 17,402.92 16,978.92 16,626.92 22,906.92 20,793.14 18,623.71 6/1 9,050.00 17,375.71 19,295.71 16,926.71 10,257.71 12,192.92 20,677.92 18,287.92 6/9 6,280.00 24,341.92 23,093.92 22,434.92 22,351.14 21,927.14 15,358.14 15,006.14 14,916.8- 8,805.71 8,549.71 12,244.71 Balance 6/18 1,920.00 #884 6/1 #883 6/4 #876 6/9 #889 6/12 #882 6/14 #887 6/18 #885 6/20 #891 6/21 6,569.00 #886 6/29 352.00 SC 6/30 89.30 6/30 Notes: Cheque #887 was recorded incorrectly by the bookeeper for equipment purchase. Cheque #891 was recorded incorrectly by the bank.

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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Question

Chapter 07- Internal Control and Cash
Bernie Company
Cheque Register
Date
Explanation
31-May Deposit
1-Jun Cheque
1-Jun Cheque
1-Jun Cheque
1-Jun Cheque
3-Jun Cheque
4-Jun Cheque
9-Jun Deposit
12-Jun Cheque
12-Jun Cheque
12-Jun Cheque
18-Jun Deposit
20-Jun Cheque
21-Jun Cheque
24-Jun Cheque
26-Jun Cheque
29-Jun Deposit
Cheques/Charges
6/1
6/4
6/9
6/12
6/14
6/18
6/20
6/21
6/29
6/30
882
876
883
884
885
886
887
888
889
890
891
892
893
Debit
Bank Statement
565.00
2,390.00
226.00
1,248.00
9,050.00
6,280.00
1,920.00
Credit
3,695.00
659.00
226.00
2,390.00
565.00
424.00
352.00
Balance
2,113.78
2,169.43
1,248.00
Deposits/Credits
2,369.00
6,669.00
1,452.00
256.00
31-May
21,242.92
20,583.92
20,357.92
17,967.92
17,402.92
16,978.92
16,626.92
22,906.92
20,793.14
18,623.71
17,375.71
19,295.71
6/1 9,050.00
16,926.71
10,257.71
8,805.71
8,549.71
12,244.71
Balance
12,192.92
20,677.92
18,287.92
6/9 6,280.00 24,341.92
#884
#883
#876
#889
#882
659.00
# 887
2.003.78
#885
424.00
#891
6,569.00
#886
352.00
SC
89.30
6/30
Notes: Cheque #887 was recorded incorrectly by the bookeeper for equipment
purchase. Cheque #891 was recorded incorrectly by the bank.
23,093.92
22,434.92
6/18 1,920.00 22,351.14
21,927.14
15,358.14)
15,006.14
14,916.84

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