edlam Company provided the following data for the month of December: November 30 December 31 Cash in Bank Account balance 2,032,000 3,160,000 Bank statement balance 1,890,000 2,900,000 bank debits 1,080,000 bank credits ? Book debits ? Book credits
Bedlam Company provided the following data for the month of December:
November 30 December 31
Cash in Bank Account balance 2,032,000 3,160,000
Bank statement balance 1,890,000 2,900,000
bank debits 1,080,000
bank credits ?
Book debits ?
Book credits 1,440,000
Outstanding checks 180,000 592,000
Deposit in Transit 80,000 498,000
Check erroneously charged by bank against
entity's account and corrected in subsequent
month 40,000 50,000
Bank service charge 2,000 4,000
Note recorded as cash receipt by entity
when placed with bank for collection and note
is actually collected by bank in subsequent month
and credited by bank to entity's account
in same month. 200,000 300,000
Required:
a. Prepare a four-column reconciliation showing adjusted balances.
b. Prepare one
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