Benson Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records: MARCH 31 BANK RECONCILIATION Balance per bank Add: Deposits in transit Deduct: Outstanding checks Balance per books Balance April 30 April deposits April checks Month of April Results April note collected (not included in April deposits) April bank service charge April NSF check of a customer returned by the bank $26,746 2,100 (3.800) $25.046 Per Bank $27,995 10,784 11,600 3,000 35 Per book $28,855 13,889 10,080 -0- -0. 900 -0- (a) Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.
Benson Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records: MARCH 31 BANK RECONCILIATION Balance per bank Add: Deposits in transit Deduct: Outstanding checks Balance per books Balance April 30 April deposits April checks Month of April Results April note collected (not included in April deposits) April bank service charge April NSF check of a customer returned by the bank $26,746 2,100 (3.800) $25.046 Per Bank $27,995 10,784 11,600 3,000 35 Per book $28,855 13,889 10,080 -0- -0. 900 -0- (a) Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.
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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PLEASE SOLVE BOTH SOLUTION AND PLEASE DO NOT GIVE ANSWER IN HANDWRITTEN.
Transcribed Image Text:Benson Plastics Company deposits all receipts and makes all payments by check. The following
information is available from the cash records:
MARCH 31 BANK RECONCILIATION
Balance per bank
Add: Deposits in transit
Deduct: Outstanding checks
Balance per books
Month of April Results
Balance April 30
April deposits
April checks
April note collected (not included in April deposits)
April bank service charge
April NSF check of a customer returned by the bank
$26,746
2,100
(3.800)
$25.046
Per Bank
$27,995
10,784
11,600
3,000
35
Per book
(b) Prepare Journal entry or entries to correct the cash account.
$28,855
13,889
10,080
-0-
-0-
900
-0-
(a) Prepare a bank reconciliation going from balance per bank and balance per book to
correct cash balance.
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