ne File Edit View History Bookmarks. Profiles Tab Window Help C Netflix Inbox x MACC10 x Accour x Accoux M Questi x Quick! x M Questi × M Quest X wiL47 x N Final Exam 12 Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252... Q Saved Santana Rey receives the March bank statement for Business Solutions on April 11, 2022. The March 31 bank statement shows an ending cash balance of $68,566. The general ledger Cash account, Number 101, shows an ending cash balance per books of $69,126 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, Number 101, reveals the following. a. The bank erroneously cleared a $570 check against the company account in March that S. Rey did not issue. The check was actually issued by Business Systems. b. On March 25, the bank statement lists a $49 charge for a safety deposit box. Santana has not yet recorded this expense. c. On March 26, the bank statement lists a $104 charge for printed checks that Business Solutions ordered from the bank. Santana has not yet recorded this expense. d. On March 31, the bank statement lists $33 interest earned on Business Solutions's checking account for the month of March. Santana has not yet recorded this revenue. e. S. Rey notices that the check she issued for $130 on March 31, 2022, has not yet cleared the bank. f. S. Rey verifies that all deposits made in March do appear on the March bank statement. Required: 1. Prepare a bank reconciliation for Business Solutions for the month ended March 31, 2022. Bank statement balance Add: Deduct: BUSINESS SOLUTIONS Bank Reconciliation March 31, 2022 Book balance Add: $ 0 Deduct: < Prev 12 of 15 Next > 12,136 JUN 25 tv → C Search or type URL 0 $ 0 A
ne File Edit View History Bookmarks. Profiles Tab Window Help C Netflix Inbox x MACC10 x Accour x Accoux M Questi x Quick! x M Questi × M Quest X wiL47 x N Final Exam 12 Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252... Q Saved Santana Rey receives the March bank statement for Business Solutions on April 11, 2022. The March 31 bank statement shows an ending cash balance of $68,566. The general ledger Cash account, Number 101, shows an ending cash balance per books of $69,126 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, Number 101, reveals the following. a. The bank erroneously cleared a $570 check against the company account in March that S. Rey did not issue. The check was actually issued by Business Systems. b. On March 25, the bank statement lists a $49 charge for a safety deposit box. Santana has not yet recorded this expense. c. On March 26, the bank statement lists a $104 charge for printed checks that Business Solutions ordered from the bank. Santana has not yet recorded this expense. d. On March 31, the bank statement lists $33 interest earned on Business Solutions's checking account for the month of March. Santana has not yet recorded this revenue. e. S. Rey notices that the check she issued for $130 on March 31, 2022, has not yet cleared the bank. f. S. Rey verifies that all deposits made in March do appear on the March bank statement. Required: 1. Prepare a bank reconciliation for Business Solutions for the month ended March 31, 2022. Bank statement balance Add: Deduct: BUSINESS SOLUTIONS Bank Reconciliation March 31, 2022 Book balance Add: $ 0 Deduct: < Prev 12 of 15 Next > 12,136 JUN 25 tv → C Search or type URL 0 $ 0 A
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:ne
File Edit
View History
Bookmarks. Profiles Tab
Window
Help
C
Netflix
Inbox
x
MACC10 x Accour x
Accoux
M Questi x Quick! x
M Questi × M Quest X
wiL47 x N
Final Exam
12
Mc
Graw
Hill
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252... Q
Saved
Santana Rey receives the March bank statement for Business Solutions on April 11, 2022. The March 31 bank statement shows an
ending cash balance of $68,566. The general ledger Cash account, Number 101, shows an ending cash balance per books of $69,126
as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, Number 101,
reveals the following.
a. The bank erroneously cleared a $570 check against the company account in March that S. Rey did not issue. The check was
actually issued by Business Systems.
b. On March 25, the bank statement lists a $49 charge for a safety deposit box. Santana has not yet recorded this expense.
c. On March 26, the bank statement lists a $104 charge for printed checks that Business Solutions ordered from the bank. Santana
has not yet recorded this expense.
d. On March 31, the bank statement lists $33 interest earned on Business Solutions's checking account for the month of March.
Santana has not yet recorded this revenue.
e. S. Rey notices that the check she issued for $130 on March 31, 2022, has not yet cleared the bank.
f. S. Rey verifies that all deposits made in March do appear on the March bank statement.
Required:
1. Prepare a bank reconciliation for Business Solutions for the month ended March 31, 2022.
Bank statement balance
Add:
Deduct:
BUSINESS SOLUTIONS
Bank Reconciliation
March 31, 2022
Book balance
Add:
$
0
Deduct:
< Prev
12 of 15
Next >
12,136
JUN
25
tv
→
C
Search or type URL
0
$
0
A
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