Stewart Recording Studio, owned by Ron Stewart, showed the following bank reconciliation at March 31: (In attachment named as bank reconciliation) A list of deposits made and cheques written during April, taken from the cash receipts journal and cash disbursements journal, is shown below: Deposits made April 7 ........................................ $690 13 .............................................. 4.600 18 .............................................. 5,900 23 ............................................... 13,900 27 ............................................... 1.750 30 .............................................. 44.600 Total April Cash Receipts ..... $71.440 Cheques Written No. 23 ............................................. $5.200 24 ............................................. 3.150 25 ............................................. 940 26 ............................................. 310 27 ............................................. 4.230 28 ............................................. 4.900 29 ............................................. 19.630 30 ............................................. 41.000 31 ............................................. 412 32 ............................................. 11.400 Total April Cash Disbursements .. $91.172 The following bank statement is available for April: (In attachment name as bank statement) In reviewing cheques returned by the bank, the bookkeeper discovered that cheque #28, for delivery expense, was recorded in the cash disbursements journal correctly as $4,900. The NSF cheque for $14,200 was that of customer Oprah Winney, deposited in March. On the bank statement, the payment for $15,900 is regarding a note payable.
Stewart Recording Studio, owned by Ron Stewart, showed the following bank reconciliation at March 31:
(In attachment named as bank reconciliation)
A list of deposits made and cheques written during April, taken from the cash receipts journal and cash disbursements journal, is shown below:
| Deposits made |
|
April 7 ........................................ $690 13 .............................................. 4.600 18 .............................................. 5,900 23 ............................................... 13,900 27 ............................................... 1.750 30 .............................................. 44.600 Total April Cash Receipts ..... $71.440 |
| Cheques Written |
|
No. 23 ............................................. $5.200 24 ............................................. 3.150 25 ............................................. 940 26 ............................................. 310 27 ............................................. 4.230 28 ............................................. 4.900 29 ............................................. 19.630 30 ............................................. 41.000 31 ............................................. 412 32 ............................................. 11.400 Total April Cash Disbursements .. $91.172 |
The following bank statement is available for April:
(In attachment name as bank statement)
- In reviewing cheques returned by the bank, the bookkeeper discovered that cheque #28, for delivery expense, was recorded in the cash disbursements journal correctly as $4,900.
- The NSF cheque for $14,200 was that of customer Oprah Winney, deposited in March.
- On the bank statement, the payment for $15,900 is regarding a note payable.
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