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A review of the March 30 bank statement and other data of Sangster Aviation revealed a $16,220 balance at March 31 on the bank statement and S15,940 as the balance in the cash account in the company's ledger. In addition, the following information was determined: 1.NSF Check from J. Beiber in payment of account .$ 180 2.Collection of a customer electronic payment by the bank .2,200 3.Deposits in transit at March 31 4.Outstanding checks at March 31 5.A check written by Sangster to Copytronics for a copy machine repair on March 13 was recorded at $1,320 but correctly cleared the bank at $1,230. 6.A check drawn on the account of Halen Electronics for $650 was mistakenly charged against Sangster's account by the bank. Instructions: As of March 31, prepare: 1. The bank reconciliation for the month of March (omit heading) 2. Related journal entries ..2,920 .1,740 1.BANK RECONCILIATION: AmountAmount Balance per bank statement$16,220Balance per books$15,940 Adjusted balance per banks Adjusted balance per bookss 2.ENTRIES: Account Titles Debit Credit

A review of the March 30 bank statement and other data of Sangster Aviation revealed a $16,220 balance at March 31 on the bank statement and S15,940 as the balance in the cash account in the company's ledger. In addition, the following information was determined: 1.NSF Check from J. Beiber in payment of account .$ 180 2.Collection of a customer electronic payment by the bank .2,200 3.Deposits in transit at March 31 4.Outstanding checks at March 31 5.A check written by Sangster to Copytronics for a copy machine repair on March 13 was recorded at $1,320 but correctly cleared the bank at $1,230. 6.A check drawn on the account of Halen Electronics for $650 was mistakenly charged against Sangster's account by the bank. Instructions: As of March 31, prepare: 1. The bank reconciliation for the month of March (omit heading) 2. Related journal entries ..2,920 .1,740 1.BANK RECONCILIATION: AmountAmount Balance per bank statement$16,220Balance per books$15,940 Adjusted balance per banks Adjusted balance per bookss 2.ENTRIES: Account Titles Debit Credit

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 1PB
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A review of the March 30 bank statement and other data of Sangster Aviation revealed a $16,220 balance at March 31 on the bank statement and S15,940 as the balance in the cash account in the company's ledger. In addition, the following information was determined: 1.NSF Check from J. Beiber in payment of account .$ 180 2.Collection of a customer electronic payment by the bank .2,200 3.Deposits in transit at March 31 4.Outstanding checks at March 31 5.A check written by Sangster to Copytronics for a copy machine repair on March 13 was recorded at $1,320 but correctly cleared the bank at $1,230. 6.A check drawn on the account of Halen Electronics for $650 was mistakenly charged against Sangster's account by the bank. Instructions: As of March 31, prepare: 1. The bank reconciliation for the month of March (omit heading) 2. Related journal entries ..2,920 .1,740 1.BANK RECONCILIATION: AmountAmount Balance per bank statement$16,220Balance per books$15,940 Adjusted balance per banks Adjusted balance per bookss 2.ENTRIES: Account Titles Debit Credit
Transcribed Image Text:A review of the March 30 bank statement and other data of Sangster Aviation revealed a $16,220 balance at March 31 on the bank statement and S15,940 as the balance in the cash account in the company's ledger. In addition, the following information was determined: 1.NSF Check from J. Beiber in payment of account .$ 180 2.Collection of a customer electronic payment by the bank .2,200 3.Deposits in transit at March 31 4.Outstanding checks at March 31 5.A check written by Sangster to Copytronics for a copy machine repair on March 13 was recorded at $1,320 but correctly cleared the bank at $1,230. 6.A check drawn on the account of Halen Electronics for $650 was mistakenly charged against Sangster's account by the bank. Instructions: As of March 31, prepare: 1. The bank reconciliation for the month of March (omit heading) 2. Related journal entries ..2,920 .1,740 1.BANK RECONCILIATION: AmountAmount Balance per bank statement$16,220Balance per books$15,940 Adjusted balance per banks Adjusted balance per bookss 2.ENTRIES: Account Titles Debit Credit
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