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2. Bedlam Company provided the following data for the month of December: November 30 December 31 Cash in bank account balance Bank statement balance Bank debits Bank credits Book debits Book credits 2,032,000 1,890,000 3,160,000 2,900,000 1,080,000 ? ? Outstanding checks Deposit in transit 1,440,000 180,000 80,000 592,000 498,000 18 | Pa SAINT COLUMBAN COLLE Corner V. Cerilles - Sagun Streets, San Francisco District, Pagadian City Tel Nos: 2151799 /2151800 | Fax No: 2141290 | Website: www.sccpag.edu ph | E-mail sccpc1957@gmail Check erroneously charged by bank against entity's account (corrected in subsequent month) Bank service charge Note recorded as cash receipt by entity when placed with bank for collection (note is actually collected by bank in subsequent month and credited by bank to entity's account in same month) 40,000 2,000 50,000 4,000 200,000 300,000 quired: Prepare a four-column reconciliation showing adjusted balances.

2. Bedlam Company provided the following data for the month of December: November 30 December 31 Cash in bank account balance Bank statement balance Bank debits Bank credits Book debits Book credits 2,032,000 1,890,000 3,160,000 2,900,000 1,080,000 ? ? Outstanding checks Deposit in transit 1,440,000 180,000 80,000 592,000 498,000 18 | Pa SAINT COLUMBAN COLLE Corner V. Cerilles - Sagun Streets, San Francisco District, Pagadian City Tel Nos: 2151799 /2151800 | Fax No: 2141290 | Website: www.sccpag.edu ph | E-mail sccpc1957@gmail Check erroneously charged by bank against entity's account (corrected in subsequent month) Bank service charge Note recorded as cash receipt by entity when placed with bank for collection (note is actually collected by bank in subsequent month and credited by bank to entity's account in same month) 40,000 2,000 50,000 4,000 200,000 300,000 quired: Prepare a four-column reconciliation showing adjusted balances.

Financial Accounting
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
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Proof of Cash

2. Bedlam Company provided the following data for the month of December: November 30 2,032,000 1,890,000 Cash in bank account balance Bank statement balance Bank debits Bank credits Book debits Book credits December 31 3,160,000 2,900,000 1,080,000 ? ? Outstanding checks Deposit in transit 1,440,000 180,000 80,000 592,000 498,000 18 | P age SAINT COLUMBAN COLLEG Corner V. Cerilles - Sagun Streets, San Francisco District, Pagadian City Tel Nos: 2151799/2151800 | Fax No: 2141290 | Website: www.sccpag.edu.ph | E-mail: sccpc1957@gmail.com Check erroneously charged by bank against entity's account (corrected in subsequent month) Bank service charge Note recorded as cash receipt by entity when placed with bank for collection (note is actually collected by bank in subsequent month and credited by bank to entity's account in same month) 40,000 2,000 50,000 4,000 200,000 300,000 Required: Prepare a four-column reconciliation showing adjusted balances.
Transcribed Image Text:2. Bedlam Company provided the following data for the month of December: November 30 2,032,000 1,890,000 Cash in bank account balance Bank statement balance Bank debits Bank credits Book debits Book credits December 31 3,160,000 2,900,000 1,080,000 ? ? Outstanding checks Deposit in transit 1,440,000 180,000 80,000 592,000 498,000 18 | P age SAINT COLUMBAN COLLEG Corner V. Cerilles - Sagun Streets, San Francisco District, Pagadian City Tel Nos: 2151799/2151800 | Fax No: 2141290 | Website: www.sccpag.edu.ph | E-mail: sccpc1957@gmail.com Check erroneously charged by bank against entity's account (corrected in subsequent month) Bank service charge Note recorded as cash receipt by entity when placed with bank for collection (note is actually collected by bank in subsequent month and credited by bank to entity's account in same month) 40,000 2,000 50,000 4,000 200,000 300,000 Required: Prepare a four-column reconciliation showing adjusted balances.
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