epare a bank reconciliation Statement at September 30
Shalimar Group of Industries reports the following information concerning cash balances and cash transactions for the month of April:
A Cash balance per bank statement as of April 30 was $22,992.50
a. Two debit memoranda accompany the bank statement: one for $9 was for service charges for the month; the other for $62.50 was attached to an NSF check from Rizwan.
b. Included with the bank statement was $3123.25 credit memorandum for interest earned on the bank account in April.
c. The paid checks returned with the April bank statement disclosed an error in Shalimarcash records. Check no.751 for $67.35 for telephone expense had erroneously been listed in the cash payments journal as $76.35.
d. A collection charge for $25 (not applicable to Daytona) was erroneously deducted from the account by the bank. Notice that this was the bank’s error.
e. Cash receipts of April 30 amounting to $484.75 were mailed to the bank too late to be included in the April bank statement.
f. Checks outstanding as of April 30 were as follows: no.661 for $161.50, no.657 for $72.55, and no. 669 for $122.45.
g. The cash account showed the following entries during September.
CASH
April 1 Balance 17,241.52 April 30 Month’s Payments 12,498
April 30 Month’s receipts 15,341.48
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