Information needed to prepare a bank reconciliation for the DineFine Restaurant for November 30, 20X4, is presented below: a. Balance of cash per books on November 30, 20X4, is $1,252.86. b. Balance per bank statement on November 30, 20X4, is $1,192.96. c. The November 30 cash receipts of $382.50 were placed in the local bank's drop box at 9:00 P.M. on November 30. d. Bank services charges amounted to $14 for printing new checks. e. The outstanding checks at November 30 were #864, $232.50; # 868, $12.75; #869, $122.17. f. An NSF check in the amount of $25 was returned with the bank statement. g. Check #842 for $76 was erroneously recorded on the books at $67. h. A credit memo for $3.18 for interest earned was included with the bank statement.
Information needed to prepare a bank reconciliation for the DineFine Restaurant for November 30, 20X4, is presented below: a. Balance of cash per books on November 30, 20X4, is $1,252.86. b. Balance per bank statement on November 30, 20X4, is $1,192.96. c. The November 30 cash receipts of $382.50 were placed in the local bank's drop box at 9:00 P.M. on November 30. d. Bank services charges amounted to $14 for printing new checks. e. The outstanding checks at November 30 were #864, $232.50; # 868, $12.75; #869, $122.17. f. An NSF check in the amount of $25 was returned with the bank statement. g. Check #842 for $76 was erroneously recorded on the books at $67. h. A credit memo for $3.18 for interest earned was included with the bank statement.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section5.2: Bank Reconciliation
Problem 1OYO
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning