Beverly Hills, Inc. developed the following information in recording its bank statement for the month of November. Balance per books November 30 $22,014 Balance per bank statement November 30 $24,635 1. Checks written in November but still outstanding $1,450. 2. Checks written in October but still outstanding $1,107. 3. Deposits of November 29th and 30th not yet recorded by bank $5,496. 4. NSF check of customer, A. Lincoln, returned by bank, $704. 5. The bank statement contained an electronic funds transfer received from customer Theodora Company for $6,150 plus interest for $150. 6. Check No. 151 for $562 was correctly issued and paid by bank, but incorrectly entered in the Cash Payments Journal as $526. It was a payment made to vendor, Smith Concrete. A. Prepare a Bank Reconciliation Statement at November 30. B. For Beverly Hills, Inc. prepare the next journal entry from the bank reconciliation. C. For Beverly Hills, Inc. prepare the final journal entry from the bank reconciliation.
Beverly Hills, Inc. developed the following information in recording its bank statement for the month of November.
Balance per books November 30 $22,014
Balance per bank statement November 30 $24,635
1. Checks written in November but still outstanding $1,450.
2. Checks written in October but still outstanding $1,107.
3. Deposits of November 29th and 30th not yet recorded by bank $5,496.
4. NSF check of customer, A. Lincoln, returned by bank, $704.
5. The bank statement contained an electronic funds transfer received from customer Theodora Company for $6,150 plus interest for $150.
6. Check No. 151 for $562 was correctly issued and paid by bank, but incorrectly entered in the Cash Payments Journal as $526. It was a payment made to vendor, Smith Concrete.
A. Prepare a
B. For Beverly Hills, Inc. prepare the next
C. For Beverly Hills, Inc. prepare the final journal entry from the bank reconciliation.
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