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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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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