Given the following information, prepare Tommy\'s Furniture Bank Reconciliation.
ID: 2472787 • Letter: G
Question
Given the following information, prepare Tommy's Furniture Bank Reconciliation. As of 6/30/2015 Also prepare any necessary gen. journal entries
Balance Per Bank Statement, 6-30-15 …………………………………… 25,514.91
Balance Per Cash Acct., General Ledger, 6-30-15 …………………………. 25,112.60
Checks written but not cleared by the bank as of 6-30-15 # amt.
4521 401.51
4536 1,700.65
4544 369.84
4545 991.54
4546 325.14
4547 4,188.14
4548 18.66
Tommy's Furniture's last deposit of June did not appear on the bank statement 3,452.17
Company check #4538 was correctly cashed by the bank for 780.00 However the company recorded the check as ……………………………………. 650.00
A customer's check "bounced". The bank recorded it. We didn't. ………… 1,155.00
On the bank statement the following subt. were made but we have yet to record them:
EFT Insurance payment 3,000.00
Service charges 30.00
On the bank statement the following addition was made but we have yet to record it:
Interest Income 174.00
Explanation / Answer
Tommy's Furniture Bank Reconciliation. As of 6/30/2015 Balance Per Bank Statement 25514.91 Less Check Outstanding =401.51+1700.65+369.84+991.54+325.14+4188.14+18.66 7995.48 ADD Deposit In transist 3452.17 Adjusted bank balance 20,971.60 Balance as Per Cash Account 25112.6 Less Mistake in recording Check 130 EFT Insurance payment 3000 Service charges 30 check "bounced" 1155 4315 ADD Interest Income 174 Adjusted Cash balance 20,971.60
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