JUNE BANK STATEMENT: PAGE 1 MEMBER FDIC ACCOUNT NUMBER FROM 6/01/20Y2 BALANCE AM
ID: 2396247 • Letter: J
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JUNE BANK STATEMENT: PAGE 1 MEMBER FDIC ACCOUNT NUMBER FROM 6/01/20Y2 BALANCE AMERICAN NATIONAL BANK OF CHICAGO TO 6/30/20Y2 CHICAGO, IL 60603 (312)441-1239 9,447.20 8,691. ? ,B99.26 9 DEPOSITS 20 WITHDRAWALS BEELER FURNITURE COMPANY 4 OTHER DEBITS AND CREDITS 3,088.00CR NEW BALANCE 13,624.71 CHECKS AND OTHER DEBITS DEPOSITS No. ?31 No, ?39 No. ?41 No. ?43 No. 748 No. ?48 No. 780 No. Y82 No. Y84 No. 78? DATE 6/01 6/02 6/04 6/09 6/09 6/09 --BALANCE 9,629.38 10,411.80 10,268.92 9,931.24 13,018.33 12,134.30 348.98 237.80 801.90 806.88 690.28 1,080.80 884·17 840.80 No. 746 298.66 MS 3,800.00 No.?49 640.13 MS 210.00 898.61 882.98 1,606.74 897.34 942.71 No.736 No. 740 No. 742 No. ?44 162, 18 60.88 498.18 71.30 117.28 480.90 276.?? 837.01 449.78 40? .98 6 12,484.7 No. ?81 299.3 No. 783 380.98 No. 788 272.78 No. ?60 488.39 6/16 6/18 6/23 6/28 6/28 6/30 12,419.78 13,304.00 13,307.00 14,249.71 13,699.71 13,624.71 NSF 880.00 SC ?8.00 BC-ERROR CORRECTION MSMISCELLANEOUS NSF NOT SUFFICIENT FUNDS OD-OVERDRAFT PS PAYMENT STOPPED SC SERVICE CHARGE THE RECONCILEMENT OR THIS STATEMENT WITH YOUR RECORDS IS ESSENTIAL ANY BRROR OR EXCEPTION SHOULD BE REPORTED IMMEDIATBLYExplanation / Answer
BEELER FURNITURE COMPANY Bank Reconciliation 6/30/16 Cash balance according to bank statement $13,624.71 Add deposit of June 30, not recorded by bank $1,117.74 Deduct outstanding checks No: 738 $251.4 756 $113.95 758 $259.6 759 $901.5 -$1,526.45 Adjusted balance $13,216 Cash balance according to company’s records (calculated below) $10,145.5 Add: Proceeds of note collected by bank: Principal $3,500 Interest $210 $3,710 Error in recording Check No. 743 $90 $3,800 $13,945.5 Deduct: Check returned because of Insufficient Fund $550 Error in recording June 10 deposit (996.61 - 896.61) $100 Error in recording June 24 deposit (947.21 - 942.71) $4.5 Service Charges $75 -$729.5 Adjusted balance $13,216 Balance per cash account, June 1 $9,317.4 Add June receipts $9,223.76 Deduct June disbursements (8,305.84) -$8,395.66 Balance per cash account, June 30 $10,576.87 $10,145.5 2) DATE DESCRIPTION POST. REF. DEBIT CREDIT June 30 Cash 110 $3,800 Notes Receivable 131 $3,500 Interest Revenue 610 $210 Accounts Payable 210 $90 Sales ($100.00 + $4.50) 410 $104.5 Accounts Receivable 120 $550 Miscellaneous Expenses 590 $75 Cash 110 $729.5 3) Cash that should appear on the balance sheet as of June 30 $13,216 4) Treatment Addition to cash per bank statement To correct: Request that the bank correct the error
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