Jo Jo has business called, "Jo Jo's Clown Supplies." The following cash transactions happened in the monthof December. Jo Jo had a December 31 cash balance of $19,940.b57B9Cash ReceiptsDate Deposit12/112/412/912/1412/1712/2212/3100102034004270610630228015001950Cash PaymentsCheck No. Amount1416141714181419142014211422The 1st Federal Bank Sent Jo Jo the following statement for December:Beginning Balance:DepositsChecks1-Dec5-Dec10-Dec15-Dec18-Dec22-Dec76030550139013408005308-Dec11-Dec19-Dec22-Dec29-Dec31-Dec31-DecNSFNSFSC14160405060708091011 Please prepare a Bank Reconcilliation for Jo Jo's Circus.11214171418141940042706106302280150090076050030550139050Ending Balance:NSF = Non-sufficient Funds Checks were received from a client.SCA Bank service charge.13,7009690418019,210+

A bank reconciliation statement is a document that compares the cash balance on a company’s balance…

Answered: Please prepare a Bank Reconciliation…

Business

Accounting

Please prepare a Bank Reconciliation for Jo Jo's Circus.

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.

Question

Jo Jo has business called, "Jo Jo's Clown Supplies." The following cash transactions happened in the month
of December. Jo Jo had a December 31 cash balance of $19,940.
b
5
7
B
9
Cash Receipts
Date Deposit
12/1
12/4
12/9
12/14
12/17
12/22
12/31
0
01
02
03
400
4270
610
630
2280
1500
1950
Cash Payments
Check No. Amount
1416
1417
1418
1419
1420
1421
1422
The 1st Federal Bank Sent Jo Jo the following statement for December:
Beginning Balance:
Deposits
Checks
1-Dec
5-Dec
10-Dec
15-Dec
18-Dec
22-Dec
760
30
550
1390
1340
800
530
8-Dec
11-Dec
19-Dec
22-Dec
29-Dec
31-Dec
31-Dec
NSF
NSF
SC
1416
04
05
06
07
08
09
10
11 Please prepare a Bank Reconcilliation for Jo Jo's Circus.
112
1417
1418
1419
400
4270
610
630
2280
1500
900
760
500
30
550
1390
50
Ending Balance:
NSF = Non-sufficient Funds Checks were received from a client.
SCA Bank service charge.
13,700
9690
4180
19,210
+

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