12. Prepare bank reconciliation statement on 31lst December, 2019 from the following information: (i) Cr. Balance as per Pass Book? 4,780 (i) Cheques of 11,400 were issued in December, but cheques for 9300 were presented for payment till date. (ii) Insurance premium paid by bank 1,000 as per instruction given. (iv) A bill receivable for 3,000 was discounted with bank, returned dishonoured but no entry was made in the cash book so far. (v) Cheques of 8,700 were deposited in bank, of which a cheque of 2,700 was credited in January. (vi) A cheque of 900 was debited in the cash book but omitted to be banked. (vii) Interest allowed by bank 300. (Ans. Dr. Balance as per Cash Book? 9,9801

12. Prepare bank reconciliation statement on 31lst December, 2019 from the following information: (i) Cr. Balance as per Pass Book? 4,780 (i) Cheques of 11,400 were issued in December, but cheques for 9300 were presented for payment till date. (ii) Insurance premium paid by bank 1,000 as per instruction given. (iv) A bill receivable for 3,000 was discounted with bank, returned dishonoured but no entry was made in the cash book so far. (v) Cheques of 8,700 were deposited in bank, of which a cheque of 2,700 was credited in January. (vi) A cheque of 900 was debited in the cash book but omitted to be banked. (vii) Interest allowed by bank 300. (Ans. Dr. Balance as per Cash Book? 9,9801

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter8: Sarbanes-oxley, Internal Control, And Cash

Section: Chapter Questions

Problem 18E

See similar textbooks

Similar questions

The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes receivable collected by bank: $1,000; interest: $20 Outstanding checks: $569 Error by bank: $300 Bank charges: $30 Prepare the correcting journal entry.
The bank reconciliation shows the following adjustments: Deposits in transit: $1,234 Outstanding checks: $558 Bank service charges: $50 NSF checks: $250 Prepare the correcting journal entry.
The bank reconciliation shows the following adjustments. Deposits in transit: $526 Outstanding checks: $328 Bank charges: $55 NSF checks: $69 Prepare the correcting journal entry.
Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance: $2,547 Deposits in transit: $321 Outstanding checks: $108 and $334 Bank charges: $25 Notes receivable: $1,000; interest: $35
Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book balance: $13,744. Deposits in transit: $2,509. Outstanding checks: $1,777. Bank charges: $125. Bank incorrectly charged the account for $412. The bank will correct the error next month. Check number 1879 correctly cleared the bank in the amount of $562 but posted in the accounting records as $652. This check was expensed to Utilities Expense.
What is the journal entry to record an NSF check, from J. Smith for 250, that is returned with the bank statement? a. Cash 250 DR; NSF Check 250 CR b. Accounts Receivable 250 DR; Cash 250 CR c. NSF Check 250 DR; Accounts Receivable 250 CR d. Cash 250 DR; Accounts Receivable 250 CR e. Cash 250 DR; Miscellaneous Expense 250 DR