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Perform bank reconciliation as of June 30, 2022 and corresponding adjustments with followin information:

Perform bank reconciliation as of June 30, 2022 and corresponding adjustments with followin information:

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.17E
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b) Bank statement shows following information for same month: TRANSFERS DEPOSITS DETAILS Opening balance Cash deposit Check Nº 070 Cash deposit Check N° 073 Bill collection Nº 798 Bill collection costs Check N° 074 Check Nº 068 Bill collection N° 2840 Bill collection costs Checks drawn and no cashed: 90,000 Deposits in transit $ 45,000 23,000 5,000 12,800 15,000 2,000 45,000 54,000 128,000 98,000 c) It is also known that following items were outstanding in previous month's reconciliation: N° 068 $ 15,000 N° 059 $50,000 August 06, 2022 May 30, 2022 BALANCE 150,000 195,000 105,000 159,000 136,000 264,000 259,000 246,200 231,200 329,200 327,200
Transcribed Image Text:b) Bank statement shows following information for same month: TRANSFERS DEPOSITS DETAILS Opening balance Cash deposit Check Nº 070 Cash deposit Check N° 073 Bill collection Nº 798 Bill collection costs Check N° 074 Check Nº 068 Bill collection N° 2840 Bill collection costs Checks drawn and no cashed: 90,000 Deposits in transit $ 45,000 23,000 5,000 12,800 15,000 2,000 45,000 54,000 128,000 98,000 c) It is also known that following items were outstanding in previous month's reconciliation: N° 068 $ 15,000 N° 059 $50,000 August 06, 2022 May 30, 2022 BALANCE 150,000 195,000 105,000 159,000 136,000 264,000 259,000 246,200 231,200 329,200 327,200
Perform bank reconciliation as of June 30, 2022 and corresponding adjustments with following information: a) According to the accounting records, the bank account shows the following movement in June 2022: Balance at Jun 01, 2022 Check Nº 070 Check N° 071 Deposit Null check Nº 072 Check N° 073 Deposit Check N° 074 Debit Balance 130,000 54,000 47,500 231,500 Credit Balance 90,000 18,000 23,000 12,800 143,800
Transcribed Image Text:Perform bank reconciliation as of June 30, 2022 and corresponding adjustments with following information: a) According to the accounting records, the bank account shows the following movement in June 2022: Balance at Jun 01, 2022 Check Nº 070 Check N° 071 Deposit Null check Nº 072 Check N° 073 Deposit Check N° 074 Debit Balance 130,000 54,000 47,500 231,500 Credit Balance 90,000 18,000 23,000 12,800 143,800
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