Jerome Company provided the following information for the month of December 2022: Balance per bank statement Balance per ledger Outstanding checks Deposit in transit Service Charge Proceeds of bank loan Customer's check charged back by the bank due to absence of signature Deposit of P100,000 incorrectly recorded by bank as NSF Check Note collected by the bank Erroneous debit memo of December 28, 4,000,000 2,700,000 600,000 475,000 10,000 940,000 Prepare bank reconciliation statement. 50,000 10,000 150,000 435,000 to charge company's account 200,000 Deposit from supplier made after bank's cutoff 300,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Jerome Company provided the following information for the month of December 2022:
Balance per bank statement
Balance per ledger
Outstanding checks
Deposit in transit
Service Charge
Proceeds of bank loan
Customer's check charged back by
the bank due to absence of signature
Deposit of P100,000 incorrectly
recorded by bank as
NSF Check
Note collected by the bank
Erroneous debit memo of December 28,
4,000,000
2,700,000
600,000
475,000
10,000
940,000
Prepare bank reconciliation statement.
50,000
10,000
150,000
435,000
to charge company's account
200,000
Deposit from supplier made after bank's cutoff 300,000
Transcribed Image Text:Jerome Company provided the following information for the month of December 2022: Balance per bank statement Balance per ledger Outstanding checks Deposit in transit Service Charge Proceeds of bank loan Customer's check charged back by the bank due to absence of signature Deposit of P100,000 incorrectly recorded by bank as NSF Check Note collected by the bank Erroneous debit memo of December 28, 4,000,000 2,700,000 600,000 475,000 10,000 940,000 Prepare bank reconciliation statement. 50,000 10,000 150,000 435,000 to charge company's account 200,000 Deposit from supplier made after bank's cutoff 300,000
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