BRASILIA SA Bank Reconciliation October 31, 2017 Cash balance per bank Add: Depo

Question

BRASILIA SA Bank Reconciliation October 31, 2017 Cash balance per bank Add: Deposits in transit Less: Outstanding checks R$6,000 842 6,842 Check Number 2451 2470 2471 2472 2474 Adjusted cash balance per bank Check Amount R$ 700 396 464 170 578 2,308 R$4,534 The adjusted cash balance per bank agreed with the cash balance per books at October 31 The November bank statement showed the following checks and deposits: Bank Statement Checks Deposits Date 11-1 11-2 11-5 11-4 11-8 11-10 Number 2470 2471 2474 2475 2476 2477 Amount Date 11-1 11-4 11-8 11-13 11-18 11-21 Amount R$ 842 R$396 464 578 903 1,556 330 545 1,416 810 1,624

Explanation / Answer

Bank Reconiciliation balance as per bank statement 9,100 Add: Deposits in transit 1,581 10,681 less: Checks outstanding chq no 2451 700 chq no2472 170 chq no 2478 300 chq no 2482 350 chq no 2484 460 chq no 2485 525 chq no 2487 340 chq no 2488 635 3,480 Adjusted balance as per bank 7,201 Balance as per cash book 5,969 Add:note collection 1,375 7,344 less: error in chq 2479 90 erro in deposit (1642-1624) 18 printing charges 35 143 Adjusted balance as per cash book 7,201 Date Accounting titles & Explanations Debit Credit 30-Nov Cash 1,375 interest expense 16 interest income 91 note receivable 1,300 30-Nov printing charges 35 cash 35 30-Nov Accounts payable 90 cash 90 30-Nov accounts receivable 18 cash 18

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.