County National Bank Disbursements Receipts Balance Balance, August 1 $10,915 Deposits during August Note collected for depositor, including $47 interest $37,513 48,428 1,212 49,640 Checks cleared during August Bank service charges $40,193 9,447 23 9,424 Balance, August 31 9,424 The general ledger Cash account contained the following entries for the month of August. Cash Balance, August 1 Receipts during August 11,708 Disbursements in August 40,665 40,775 Deposits in transit at August 31 are $4,427, and checks outstanding at August 31 total $1,223. Cash on hand at August 31 is $361. The bookkeeper improperly entered one check in the books at $147 which was written for $165 for supplies (expense); it cleared the bank during the month of August. (a) Prepare a bank reconciliation dated August 31, 2025, proceeding to a correct balance. SKYSONG COMPANY Bank Reconciliation, County National Bank

County National Bank Disbursements Receipts Balance Balance, August 1 $10,915 Deposits during August Note collected for depositor, including $47 interest $37,513 48,428 1,212 49,640 Checks cleared during August Bank service charges $40,193 9,447 23 9,424 Balance, August 31 9,424 The general ledger Cash account contained the following entries for the month of August. Cash Balance, August 1 Receipts during August 11,708 Disbursements in August 40,665 40,775 Deposits in transit at August 31 are $4,427, and checks outstanding at August 31 total $1,223. Cash on hand at August 31 is $361. The bookkeeper improperly entered one check in the books at $147 which was written for $165 for supplies (expense); it cleared the bank during the month of August. (a) Prepare a bank reconciliation dated August 31, 2025, proceeding to a correct balance. SKYSONG COMPANY Bank Reconciliation, County National 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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Uramilaben
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