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College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 1PB
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![The De Anza Company received its bank statement for the month of November with an ending balance of $85,766.00. Check #1630 for $1055.00,
check #1628 for $4615 and check #1610 for $2955.00 were outstanding. An $11,550.00 deposit for November 30th was in transit as of the end of
the month. The Bank also collected a $10,000.00 notes receivable on November 21st plus interest of $650. No interest revenue has been accrued on
this note and the Bank charged a $15.00 fee for the collection service. The bank statement reveals a bank service charge of $29.00. A customer's
check for $475.00 was returned with the bank statement marked "NSF". The ending balance of The De Anza Company's cash account is $78,560.00.
Complete a bank account reconciliation and prepare any necessary journal entries for the reconciliation.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff78b36f6-74c7-4cfb-bc5e-460c490f1f67%2F8a6e386e-6576-4b2b-b31a-b89480e75f30%2Fz49fy39_processed.png&w=3840&q=75)
Transcribed Image Text:The De Anza Company received its bank statement for the month of November with an ending balance of $85,766.00. Check #1630 for $1055.00,
check #1628 for $4615 and check #1610 for $2955.00 were outstanding. An $11,550.00 deposit for November 30th was in transit as of the end of
the month. The Bank also collected a $10,000.00 notes receivable on November 21st plus interest of $650. No interest revenue has been accrued on
this note and the Bank charged a $15.00 fee for the collection service. The bank statement reveals a bank service charge of $29.00. A customer's
check for $475.00 was returned with the bank statement marked "NSF". The ending balance of The De Anza Company's cash account is $78,560.00.
Complete a bank account reconciliation and prepare any necessary journal entries for the reconciliation.
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