Dine-Corp International publishes ratings and reviews of the world's finest restaurants. Following are facts you need to prepare Dine-Corp's March bank reconciliation: Balance per company records at end of month Bank service charge for the month NSF check returned with bank statement Note collected by the bank during the month Outstanding checks at month end Interest on note collected during the month Balance per bank at end of month Deposit in transit at month end 72,644.12 44 1,440.66 45,000 31,553.57 4,500 144,223.99 7,989.04

Dine-Corp International publishes ratings and reviews of the world's finest restaurants. Following are facts you need to prepare Dine-Corp's March bank reconciliation: Balance per company records at end of month Bank service charge for the month NSF check returned with bank statement Note collected by the bank during the month Outstanding checks at month end Interest on note collected during the month Balance per bank at end of month Deposit in transit at month end 72,644.12 44 1,440.66 45,000 31,553.57 4,500 144,223.99 7,989.04

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

100%

1.What is the Adjusted End Cash balance for the Bank?

a. $112670.42

b. $152,213.03

c. $120,659.46

d. None of the above

2. What total amount should be added to the company’s book records?

a. 4500.00

b. 49500.00

c. 45,000.00

d. 7,989.04

3. What total amount should be deducted from the company’s book records?

a. Both 1440.66 and 44.00

b. 1440.66

c. 7989.04

d. 44.00

Problem
Worksheet
Dine-Corp International publishes ratings and reviews of the world's finest restaurants. Following are facts
you need to prepare Dine-Corp's March bank reconciliation:
Balance per company records at end of month
Bank service charge for the month
NSF check returned with bank statement
Note collected by the bank during the month
Outstanding checks at month end
Interest on note collected during the month
Balance per bank at end of month
Deposit in transit at month end
72,644.12
44
1,440.66
45,000
31,553.57
4,500
144,223.99
7,989.04

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