On December 31, 2020, TEJ Company had a cash balance per books of $8,664. The statement from DUABI Islamic Bank on that date showed a balance of $15,900. A comparison of the bank statement with the Cash account revealed the following facts. NSF check of customer returned by bank $4,200.Check No. 210 was correctly written and paid by the bank for $593. The cash payment journal reflects an entry for Check No. 210 as a debit to Accounts Payable and a credit to Cash in Bank for $539.Bank service charge for December was $100.A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared by the bank in December.The bank collected a note receivable for the company for $3,000 plus $100 interest revenue.Checks written in December but still outstanding $8,000.Checks written in November but still outstanding $5,150.Deposits of December 29 and 30 not yet recorded by bank $5,200. Required:Prepare a bank reconciliation statement at September 30 for TEJ Company. Answer: Please fill table below as requestedBalance per bank statement = 15,900Balance per book = 8,664??????Adjusted bank balance = ? Adjusted bank balance = ?

Every Bank reconciliation statement is adjusted as per bank balance and as per cash balance to be…

Answered: omer returned by bank $4,200. Check No.…

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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On December 31, 2020, TEJ Company had a cash balance per books of $8,664. The statement from DUABI Islamic Bank on that date showed a balance of $15,900. A comparison of the bank statement with the Cash account revealed the following facts.

NSF check of customer returned by bank $4,200.
Check No. 210 was correctly written and paid by the bank for $593. The cash payment journal reflects an entry for Check No. 210 as a debit to Accounts Payable and a credit to Cash in Bank for $539.
Bank service charge for December was $100.
A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared by the bank in December.
The bank collected a note receivable for the company for $3,000 plus $100 interest revenue.
Checks written in December but still outstanding $8,000.
Checks written in November but still outstanding $5,150.
Deposits of December 29 and 30 not yet recorded by bank $5,200.

Required:

Prepare a bank reconciliation statement at September 30 for TEJ Company.

Answer:

Please fill table below as requested

Balance per bank statement = 15,900	Balance per book = 8,664
?	?
?	?
?	?
Adjusted bank balance = ?	Adjusted bank balance = ?

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