Hesham Geer Inc. has a difference in the balance as per Cash Book and bank statement as on 30h November 2020. You are advised to prepare a Bank Reconciliation statement as on that date with the following information: On November 30, 2020, the Cash Book (after all postings have been made) for Company Hesham Geer Inc shows a balance of $4,200. The bank statement, however, shows a balance of $5,000. After an examination of the bank statement, the books, and the returned checks, the accountant noted the following: Check no. 482 for $1,200 and check no. 491 for $800 are still outstanding. A check for $200 that was received from Mr. Poor has "bounce." It has been returned with the bank statement and marked "NSF," for not sufficient funds. This check was in payment for services performed by us on account for Mr. Poor. A deposit we made on November 29 for $3,000 does not appear on the bank statement. The bank charged us a $10 service fee to handle the NSF check. The bank also charged us $15 monthly checking account fee. • Check no. 474 for $85 was mistakenly charged by the bank for only $58. • The bank collected a $2,000 note for us and deposited the proceeds into our account. The checking account earned $30 interest during the month. The bank mistakenly charged us for a check of $32, which we never wrote; it was written by Company Almokhtar Inc.
Hesham Geer Inc. has a difference in the balance as per Cash Book and bank statement as on 30h November 2020. You are advised to prepare a Bank Reconciliation statement as on that date with the following information: On November 30, 2020, the Cash Book (after all postings have been made) for Company Hesham Geer Inc shows a balance of $4,200. The bank statement, however, shows a balance of $5,000. After an examination of the bank statement, the books, and the returned checks, the accountant noted the following: Check no. 482 for $1,200 and check no. 491 for $800 are still outstanding. A check for $200 that was received from Mr. Poor has "bounce." It has been returned with the bank statement and marked "NSF," for not sufficient funds. This check was in payment for services performed by us on account for Mr. Poor. A deposit we made on November 29 for $3,000 does not appear on the bank statement. The bank charged us a $10 service fee to handle the NSF check. The bank also charged us $15 monthly checking account fee. • Check no. 474 for $85 was mistakenly charged by the bank for only $58. • The bank collected a $2,000 note for us and deposited the proceeds into our account. The checking account earned $30 interest during the month. The bank mistakenly charged us for a check of $32, which we never wrote; it was written by Company Almokhtar Inc.
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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Prepare Bank Reconciliation statement .
Transcribed Image Text:Hesham Geer Inc. has a difference in the balance as per Cash Book and bank statement as on
30th November 2020. You are advised to prepare a Bank Reconciliation statement as on that date
with the following information:
On November 30, 2020, the Cash Book (after all postings have been made) for Company
Hesham Geer Inc shows a balance of $4,200. The bank statement, however, shows a balance of
$5,000. After an examination of the bank statement, the books, and the returned checks, the
accountant noted the following:
Check no. 482 for $1,200 and check no. 491 for $800 are still outstanding.
A check for $200 that was received from Mr. Poor has "bounce." It has been returned
with the bank statement and marked “NSF," for not sufficient funds. This check was in
payment for services performed by us on account for Mr. Poor.
A deposit we made on November 29 for $3,000 does not appear on the bank statement.
The bank charged us a $10 service fee to handle the NSF check.
The bank also charged us $15 monthly checking account fee.
Check no. 474 for $85 was mistakenly charged by the bank for only $58.
The bank collected a $2,000 note for us and deposited the proceeds into our account.
The checking account earned $30 interest during the month.
The bank mistakenly charged us for a check of $32, which we never wrote; it was written
by Company Almokhtar Inc.
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