PA9. Domingo Company received the following bank statement. Using the following information, prepare a bank reconciliation. Include the information from the bank statement below. A. The owners invested $10,000 from their personal account to the business account. B. Paid rent $500 with check #101. C. Initiated a petty cash fund $500 with check #102. D. Received $1,000 cash for services rendered. E. Purchased office supplies for $158 with check #103. F. Purchased computer equipment $2,500, paid $1,350 with check # 104, and will pay the remainder in 30 days. G. Received $800 cash for services rendered. H. Paid wages $600, check #105. I. Petty cash reimbursement: office supplies $256, maintenance expense $108, postage expense $77, miscellaneous expense $55. Cash on hand $11. Check #106. J. Increased petty cash by $30, check #107.

PA9. Domingo Company received the following bank statement. Using the following information, prepare a bank reconciliation. Include the information from the bank statement below. A. The owners invested $10,000 from their personal account to the business account. B. Paid rent $500 with check #101. C. Initiated a petty cash fund $500 with check #102. D. Received $1,000 cash for services rendered. E. Purchased office supplies for $158 with check #103. F. Purchased computer equipment $2,500, paid $1,350 with check # 104, and will pay the remainder in 30 days. G. Received $800 cash for services rendered. H. Paid wages $600, check #105. I. Petty cash reimbursement: office supplies $256, maintenance expense $108, postage expense $77, miscellaneous expense $55. Cash on hand $11. Check #106. J. Increased petty cash by $30, check #107.

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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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

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PA9. Domingo Company received the following bank statement. Using the following
information, prepare a bank reconciliation. Include the information from the bank statement
below.
A. The owners invested $10,000 from their personal account to the business account.
B. Paid rent $500 with check #101.
C. Initiated a petty cash fund $500 with check #102.
D. Received $1,000 cash for services rendered.
E. Purchased office supplies for $158 with check #103.
F. Purchased computer equipment $2,500, paid $1,350 with check # 104, and will pay the
remainder in 30 days.
G. Received $800 cash for services rendered.
H. Paid wages $600, check #105.
I. Petty cash reimbursement: office supplies $256, maintenance expense $108, postage
expense $77, miscellaneous expense $55. Cash on hand $11. Check #106.
J. Increased petty cash by $30, check #107.
Beginning Balance
A.
D.
Total
1 of 2
H
Deposits
$10,000
1,000
11,000
a
a
Bank Statement
Checks
101
102
103
106
Bank service charges
M
$ 500
500
158
489
100
1,747
$0

Beginning Balance
A.
D.
Total
Ending Balance
Deposits
$10,000
1,000
11,000
1
Co
Bank Statement
Checks
101
102
103
106
Bank service charges
2
€
E
$ 500
500
158
489
100
1,747
$0
$9,253

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