ne 30, 201g, Roddick Company had a cash balance in its general ledger of $11,595. The company's bank statenment from Bank One showed a June 30 balance of $12,540. The following facts have come to your attention: a. Roddick's June 30 deposit of $2,500 was not included on the bank statement because it was dropped in the night depository after bank hours on June 30. b. The bank's general service charge for the month was $40. c. The bank collected a note receivable of $2,000 for Roddick Company along with an additional $58 for interest. The bank deducted a $10 fee for this service. Roddick Company had not accrued any interest on the note. d. Roddick's baokkeeper erroneousiy recorded a payment to Federer Company for $892 as $829. The check cleared the bank for the correct amount of $892. OR Ais MAiNt. e. Roddick's outstanding checks at June 30 totaled $1,500. Requirements 1. Prepare a bank reconciliation as of Jupe 30.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On June 30, 2018, Roddick Company had a cash
balance in its general ledger of $11,595. The company's bank statement froui Bank One showed
a June 30 balance of $12,540. The following facts have come to your attention:
a. Roddick's June 30 deposit of $2,500 was not included on the bank statement because it
was dropped in the night depository after bank hours on June 30.
b. The bank's general service charge for the month was $40.
c. The bank collected a note receivable of $2,000 for Roddick Company along with an
additional $58 for interest. The bank deducted a $10 fee for this service. Roddick
Company had not accrued any interest on the note.
d. Roddick's bookkeeper erroneously recorded a payment to Federer Company for $892
as $829. The check cleared the bank for the correct amount of $892. R
e. Roddick's outstanding checks at June 30 totaled $1,500.
Reptis .
Msint Exp.
Requirements
1. Prepare a bank reconciliation as of June 30.
2. Prepare the necessary adjustment to update the records of Roddick
Transcribed Image Text:On June 30, 2018, Roddick Company had a cash balance in its general ledger of $11,595. The company's bank statement froui Bank One showed a June 30 balance of $12,540. The following facts have come to your attention: a. Roddick's June 30 deposit of $2,500 was not included on the bank statement because it was dropped in the night depository after bank hours on June 30. b. The bank's general service charge for the month was $40. c. The bank collected a note receivable of $2,000 for Roddick Company along with an additional $58 for interest. The bank deducted a $10 fee for this service. Roddick Company had not accrued any interest on the note. d. Roddick's bookkeeper erroneously recorded a payment to Federer Company for $892 as $829. The check cleared the bank for the correct amount of $892. R e. Roddick's outstanding checks at June 30 totaled $1,500. Reptis . Msint Exp. Requirements 1. Prepare a bank reconciliation as of June 30. 2. Prepare the necessary adjustment to update the records of Roddick
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