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

Using the following information, prepare a bank reconciliation. Bank balance: $6,988 Book balance: $6,626 Deposits in transit: $1,600 Outstanding checks: $599 and $1,423 Bank charges: $75 Bank incorrectly charged the account $75. The bank will correct the error next month. Check number 2456 correctly cleared the bank in the amount of $234 but posted in the accounting records as $324. This check was expensed to Utilities Expense.

The bank reconciliation revealed that one deposit had cleared the bank two weeks after the date of the deposit. Should this be of concern? Why, or why not?

Complex Balance Sheet Presented below is the unaudited balance sheet as of December 31, 2019, prepared by Zeus Manufacturing Corporations bookkeeper. Your company has been engaged to perform an audit, during which you discover the following information: 1. Checks totaling 14,000 in payment of accounts payable were mailed on December 31, 2019, but were not recorded until 2020. Late in December 2019, the bank returned a customers 2,000 check marked NSF, but no entry was made. Cash includes 100,000 restricted for building purposes. 2. Included in accounts receivable is a 30,000 note due on December 31, 2022, from Zeuss president. 3. During 2019, Zeus purchased 500 shares of common stock of a major corporation that supplies Zeus with raw materials. Total cost of this stock was 51,300, and fair value on December 31, 2019, was 51,300. Zeus plans to hold these shares indefinitely. 4. Treasury stock was recorded at cost when Zeus purchased 200 of its own shares for 32 per share in May 2019. This amount is included in investments. 5. On December 31, 2019, Zeus borrowed 500,000 from a bank in exchange for a 10% note payable, manning December 31, 2024. Equal principal payments are due December 31 of each year beginning in 2020. This note is collateralized by a 250,000 tract of land acquired as a potential future building site, which is included in land. 6. The mortgage payable requires 50,000 principal payments, plus interest, at the end of each month. Payments were made on January 31 and February 28, 2020. The balance of this mortgage was due June 30, 2020. On March 1, 2020, prior to issuance of the audited financial statements, Zeus consummated a non-cancelable agreement with the lender to refinance this mortgage. The new terms require 100,000 annual principal payments, plus interest, on February 28 of each year, beginning in 2021. The final payment is due February 28, 2028. 7. The lawsuit liability will be paid in 2020. 8. Of the total deferred tax liability; 5,000 is considered a current liability. 9. The current income tax expense reported in Zeuss 2019 income statement was 61,200. 10. The company was authorized to issue 100,000 shares of 50 par value common stock.

Using the following information, prepare a bank reconciliation. Bank balance: $4,021 Book balance: $2,928 Deposits in transit: $1,111 Outstanding checks: $679 Bank charges: $35 Notes receivable: $1,325; interest: $235

The following bank reconciliation is presented for the Jungkook Company for the month of September 30, 2020: Balance per bank statement, 09/30/2020 Add: Deposit in transit Erroneous bank charge P324,720 P74,700 27,000 101,700 P426,420 Subtotal Less: Outstanding checks Balance per books, 09/30/2020 140,760 P285,660 Data for the month of October 2020 follow: Per bank: October deposits/credits October charges/debits Balance, October 31, 2020 P469,800 403,560 390,960 All items that were outstanding as of September 30 cleared through the bank in October, including the erroneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the amount of cash disbursements per books in October 2020?

Sapphire Company provided the following information for the month of December: Balance per bank statement December 31 Bank service charge for December Interest paid by bank to Sapphire Company for December Deposits made but not yet recorded by the bank Checks written but not yet recorded by the bank The entity discovered that it had drawn and erroneously recorded a check of P46,000 that should have been recorded for P64,000. 2,800,000 12,000 10,000 350,000 650,000 What is the cash balance per ledger on December 31? A.2,500,000 B.2,520,000 C.2,540,000 D.2,800,000 O O O

These data pertain to St. Luke Company as of December 31, 2020: Bank service charge not recorded by St. Luke Bank statement, December 31 Checks outstanding (including certified check of P20,000) Customer note collected by bank for St. Luke Deposit in transit Error made by the bank in recording check issued by St. Lucas Error made by the company in recording check that cleared the bank in December (check was drawn in December for P30,000 but recorded at P80,000) Technically defective checks of customers returned by bank 20,000 4,000,000 500,000 150,000 300,000 40.000 50,000 200,000 What is the cash balance per ledger on December 31, 2020? A. 3,980,000 B. 3,880,000 C. 3,860,000 D. 3,800,000