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a) Using the following information, prepare a bank reconciliation (i) Balance per bank statement, shs. 8,000 (ii) Balance per books shs. 7,200 (iii) Interest earned on checking accounts, shs. 800 (iv) Outstanding checks, shs. 1,200 (v) NSF check from Mr. Sang shs. 185 (vi) Deposit in transit shs. 2,600 (vii) Bank charged in for a check we did not write, shs. 500 (viii) Monthly bank charges. Sh. 15 (ix) Error on books regarding check no. 251 recorded as shs. 1000 instead of shs. 300. The debit was to salary expense (x) Forgot to record a deposit on the books for shs. 600 Band acted as an agent to collect note of shs. 800

a) Using the following information, prepare a bank reconciliation (i) Balance per bank statement, shs. 8,000 (ii) Balance per books shs. 7,200 (iii) Interest earned on checking accounts, shs. 800 (iv) Outstanding checks, shs. 1,200 (v) NSF check from Mr. Sang shs. 185 (vi) Deposit in transit shs. 2,600 (vii) Bank charged in for a check we did not write, shs. 500 (viii) Monthly bank charges. Sh. 15 (ix) Error on books regarding check no. 251 recorded as shs. 1000 instead of shs. 300. The debit was to salary expense (x) Forgot to record a deposit on the books for shs. 600 Band acted as an agent to collect note of shs. 800

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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a) Using the following information, prepare a bank reconciliation (i) Balance per bank statement, shs. 8,000 (ii) Balance per books shs. 7,200 (iii) Interest earned on checking accounts, shs. 800 (iv) Outstanding checks, shs. 1,200 (v) NSF check from Mr. Sang shs. 185 (vi) Deposit in transit shs. 2,600 (vii) Bank charged in for a check we did not write, shs. 500 (viii) Monthly bank charges. Sh. 15 (ix) Error on books regarding check no. 251 recorded as shs. 1000 instead of shs. 300. The debit was to salary expense (x) Forgot to record a deposit on the books for shs. 600 Band acted as an agent to collect note of shs. 800
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