Problem 1) Prepare a bank reconciliation for Hayden Inc. as of March 31 from the following information: a. The March 31 cash balance in the general ledger was $13,766. b. The March 31 balance on the bank statement was $10,464. There is a deposit in transit of $3,698. C. d. Outstanding checks at March 31 totaled $1,260. e. In reviewing the canceled checks, it was determined that a check issued to a supplier to pay for goods of $50 was recorded on the books as $120. f. The bank charged a service fee of $42 during the month. g. The bank reported that a non-sufficient funds (NSF) check for $910 was returned. h. Interest income from the bank shown on the bank statement but not on the company's books was $18. Show a bank reconciliation as of March 31st. Start with the Balance per Bank in one column and Balance per Books in the second column.
Problem 1) Prepare a bank reconciliation for Hayden Inc. as of March 31 from the following information: a. The March 31 cash balance in the general ledger was $13,766. b. The March 31 balance on the bank statement was $10,464. There is a deposit in transit of $3,698. C. d. Outstanding checks at March 31 totaled $1,260. e. In reviewing the canceled checks, it was determined that a check issued to a supplier to pay for goods of $50 was recorded on the books as $120. f. The bank charged a service fee of $42 during the month. g. The bank reported that a non-sufficient funds (NSF) check for $910 was returned. h. Interest income from the bank shown on the bank statement but not on the company's books was $18. Show a bank reconciliation as of March 31st. Start with the Balance per Bank in one column and Balance per Books in the second column.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1) Prepare a bank reconciliation for Hayden Inc. as of March 31 from the following information:
a. The March 31 cash balance in the general ledger was $13,766.
b. The March 31 balance on the bank statement was $10,464.
C. There is a deposit in transit of $3,698.
d. Outstanding checks at March 31 totaled $1,260.
e. In reviewing the canceled checks, it was determined that a check issued to a supplier to pay for
goods of $50 was recorded on the books as $120.
f. The bank charged a service fee of $42 during the month.
g. The bank reported that a non-sufficient funds (NSF) check for $910 was returned.
h. Interest income from the bank shown on the bank statement but not on the company's books
was $18.
Show a bank reconciliation as of March 31st. Start with the Balance per Bank in one column and Balance
per Books in the second column.
65°F"
Transcribed Image Text:Mailings
Review
View
Help
RCM
rences
O Find
131三四、些
田,可
AaBbCcDd AaBbCcDd AABBCC AABBCCD
S Replace
Create and Share Request
Signatures
Die
I Normal
1 No Spac... Heading 1
Heading 2
A Select v
Adobe PDF
^三三
Adobe Acrobat
Styles
Editing
Paragraph
Problem
1) Prepare a bank reconciliation for Hayden Inc. as of March 31 from the following information:
a. The March 31 cash balance in the general ledger was $13,766.
b. The March 31 balance on the bank statement was $10,464.
C. There is a deposit in transit of $3,698.
d. Outstanding checks at March 31 totaled $1,260.
e. In reviewing the canceled checks, it was determined that a check issued to a supplier to pay for
goods of $50 was recorded on the books as $120.
f. The bank charged a service fee of $42 during the month.
g. The bank reported that a non-sufficient funds (NSF) check for $910 was returned.
h. Interest income from the bank shown on the bank statement but not on the company's books
was $18.
Show a bank reconciliation as of March 31st. Start with the Balance per Bank in one column and Balance
per Books in the second column.
65°F
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