Presented below is information related to Shamrock Inc. Balance per books at October 31, $58,586.99; receipts $242,933.47; disbursements $230,850.96. Balance per bank statement November 30, $78,783.88. The following checks were outstanding at November 30. 1224 $2,289.41 3,455.62 1230 1232 1233 2,975.21 675.04 Included with the November bank statement and not recorded by the company were a bank debit memo for $38.36 covering bank charges for the month, a debit memo for $520.98 for a customer's check returned and marked NSF, and a credit memo for $1,960 representing bond interest collected by the bank in the name of Shamrock Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $2,681.56. (a) Prepare a bank reconciliation (to the correct balance) at November 30, for Shamrock Inc. from the information above. (Enter answers to 2 decimal places, e.g. 125.62.)
Presented below is information related to Shamrock Inc. Balance per books at October 31, $58,586.99; receipts $242,933.47; disbursements $230,850.96. Balance per bank statement November 30, $78,783.88. The following checks were outstanding at November 30. 1224 $2,289.41 3,455.62 1230 1232 1233 2,975.21 675.04 Included with the November bank statement and not recorded by the company were a bank debit memo for $38.36 covering bank charges for the month, a debit memo for $520.98 for a customer's check returned and marked NSF, and a credit memo for $1,960 representing bond interest collected by the bank in the name of Shamrock Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $2,681.56. (a) Prepare a bank reconciliation (to the correct balance) at November 30, for Shamrock Inc. from the information above. (Enter answers to 2 decimal places, e.g. 125.62.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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