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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

FINANCIAL ACCOUNTING
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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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: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
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 $ $ $
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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