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3. Melissa Jackson , Bookkeeper for Kinko Company, cannot prepare a bank reconciliation. From the following facts, assist her in completing the June 30, 2009 reconciliation. The bank statement showed a $2,955.82 balance while the check book transaction log shows a balance of $3,301.82. Melissa placed a $510.19 deposit in the bank's night depository on June 30. The deposit did not appear on the statement. The bank included two DM's one $690.65 DM for a NSF, and an $8.50 DM for the service charge. The bank included one CM for $400.00 for collecting a non-interest bearing note for that amount before they then deducted a $10 service fee for collection. Further the following checks were written: June 28 #811 for $110.94 and #912 for $82.50 were written but did not appear on the statement. The book keeper had correctly written check #844 for $1000 to the business machines shop for a new cash register but had inexplicably written $1069 in the transaction log. Further, in the May reconciliation check #748 for $210.90 and check #710 for $195.80 did not show. June statement shows these checks now. Transaction Log Bank Balance Description Debit Credit Description Debit Credit

3. Melissa Jackson , Bookkeeper for Kinko Company, cannot prepare a bank reconciliation. From the following facts, assist her in completing the June 30, 2009 reconciliation. The bank statement showed a $2,955.82 balance while the check book transaction log shows a balance of $3,301.82. Melissa placed a $510.19 deposit in the bank's night depository on June 30. The deposit did not appear on the statement. The bank included two DM's one $690.65 DM for a NSF, and an $8.50 DM for the service charge. The bank included one CM for $400.00 for collecting a non-interest bearing note for that amount before they then deducted a $10 service fee for collection. Further the following checks were written: June 28 #811 for $110.94 and #912 for $82.50 were written but did not appear on the statement. The book keeper had correctly written check #844 for $1000 to the business machines shop for a new cash register but had inexplicably written $1069 in the transaction log. Further, in the May reconciliation check #748 for $210.90 and check #710 for $195.80 did not show. June statement shows these checks now. Transaction Log Bank Balance Description Debit Credit Description Debit Credit

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 2CE
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3. Melissa Jackson , Bookkeeper for Kinko Company, cannot prepare a bank reconciliation. From the following facts, assist her in completing the June 30, 2009 reconciliation. The bank statement showed a $2,955.82 balance while the check book transaction log shows a balance of $3,301.82. Melissa placed a $510.19 deposit in the bank's night depository on June 30. The deposit did not appear on the statement. The bank included two DM's one $690.65 DM for a NSF, and an $8.50 DM for the service charge. The bank included one CM for $400.00 for collecting a non-interest bearing note for that amount before they then deducted a $10 service fee for collection. Further the following checks were written: #811 for $110.94 and #912 for $82.50 were written but did not appear on the statement. The book keeper had correctly written check #844 for $1000 to the business machines shop for a new cash register but had inexplicably written $1069 in the transaction log. Further, in the May reconciliation check #748 for $210.90 and check #710 for $195.80 did not June 28 show. June statement shows these checks now. Transaction Bank Log Balance Description Debit Credit Description Debit Credit
Transcribed Image Text:3. Melissa Jackson , Bookkeeper for Kinko Company, cannot prepare a bank reconciliation. From the following facts, assist her in completing the June 30, 2009 reconciliation. The bank statement showed a $2,955.82 balance while the check book transaction log shows a balance of $3,301.82. Melissa placed a $510.19 deposit in the bank's night depository on June 30. The deposit did not appear on the statement. The bank included two DM's one $690.65 DM for a NSF, and an $8.50 DM for the service charge. The bank included one CM for $400.00 for collecting a non-interest bearing note for that amount before they then deducted a $10 service fee for collection. Further the following checks were written: #811 for $110.94 and #912 for $82.50 were written but did not appear on the statement. The book keeper had correctly written check #844 for $1000 to the business machines shop for a new cash register but had inexplicably written $1069 in the transaction log. Further, in the May reconciliation check #748 for $210.90 and check #710 for $195.80 did not June 28 show. June statement shows these checks now. Transaction Bank Log Balance Description Debit Credit Description Debit Credit
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