The cash balance per books for Concord Company on September 30, 2020 is $10,758.93. The following checks and receipts were recorded for the month of October 2020: No. 1 27 28 29 30 31 $252.15 Last Statement No 24 Amount No. $390.96 32 $596.84 $664.62 33 $1,804.50 $275.00 34 $596.50 35 28 In addition, the bank statement for the month of October is presented below: 29 Balance Checks and other debits 31 $5,422.84 Amount Checks 166.29 646.62 275.00 252.15 Deposits and Credits 158.00 NSF No. 5 Amount No 27 34 35 $861.86 $959.54 10/21 $939.30 $898.58 10/27 $264.03 $994.00 10/30 Total Amount Amount Date $9,451.36 Amount 390.96 939.30 Receipts 264.03 38.00 SC No 10/5 32 Checks and Debits No. 10 Amount 596.84 Total Amount $3,727.19 Deposits 5,502.38 861.86 959.54 898.58 This Statements Date 10/1 Balance 10/8 $9,771.13 $9,047.07 $9,467.58 10/29 $10,076.01 10/23 $11,147.01 Balance 1,229.00 CM 10/31 $11,147.01
The cash balance per books for Concord Company on September 30, 2020 is $10,758.93. The following checks and receipts were recorded for the month of October 2020: No. 1 27 28 29 30 31 $252.15 Last Statement No 24 Amount No. $390.96 32 $596.84 $664.62 33 $1,804.50 $275.00 34 $596.50 35 28 In addition, the bank statement for the month of October is presented below: 29 Balance Checks and other debits 31 $5,422.84 Amount Checks 166.29 646.62 275.00 252.15 Deposits and Credits 158.00 NSF No. 5 Amount No 27 34 35 $861.86 $959.54 10/21 $939.30 $898.58 10/27 $264.03 $994.00 10/30 Total Amount Amount Date $9,451.36 Amount 390.96 939.30 Receipts 264.03 38.00 SC No 10/5 32 Checks and Debits No. 10 Amount 596.84 Total Amount $3,727.19 Deposits 5,502.38 861.86 959.54 898.58 This Statements Date 10/1 Balance 10/8 $9,771.13 $9,047.07 $9,467.58 10/29 $10,076.01 10/23 $11,147.01 Balance 1,229.00 CM 10/31 $11,147.01
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Qw.39.

Transcribed Image Text:The cash balance per books for Concord Company on September 30, 2020 is $10,758.93. The following checks and receipts were recorded for the month of October 2020:
No. Amount No.
$390.96 32
$664.62 33
$275.00 34
$596.50 35
27
28
29
30
31 $252.15
Last Statement
No
24
28
Balance
Checks and other debits
29
In addition, the bank statement for the month of October is presented below:
31
$5,422.84
Amount
Checks
166.29
646.62
275.00
252.15
158.00 NSF
Deposits and Credits
No.
5
Amount
$861.86
10/5
$1,804.50 $959.54 10/21
$939.30
$898.58 10/27
$264.03 $994.00 10/30
No
27
$596.84
34
35
Total Amount
Amount
$9,451.36
Amount
390.96
939.30
Receipts
264.03
38.00 SC
Date
No
32
Checks and Debits
No.
10
Amount
596.84
Total Amount
$3,727.19
Deposits
5,502.38
861.86
959.54
898.58
This Statements
Date
10/1
10/8
10/23
10/29
Balance
1,229.00 CM 10/31
$11,147.01
Balance
$9,771.13
$9,047.07
$9.467.58
$10,076.01
$11,147.01

Transcribed Image Text:Symbols: NSF (Not sufficient funds) SC (Service charge) CM (Credit Memo)
Check No. 28 was correctly written for $646.62 for a payment on account. The NSF check was from M. Short, a customer, in settlement of an accounts receivable. An entry had not been made for the NSF check. The credit memo is for the collection of a note
receivable including interest of $98.00, which has not been accrued. The bank service charge is $38.00.
(a)
D
Prepare a bank reconciliation at October 31. (List items that increase cash balance first. Enter answers to 2 decimal places, e.g. 25.20.)
CONCORDCOMPANY
Bank Reconciliation
$
$
$
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