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KCa 6-4 Prepare a Bank Reconciliation In this exercise, you will prepare a bank reconciliation for the month of September for Stepping Stone Corp. Use the following information to complete the bank reconciliation: • The ending balance displayed on the bank statement was $8,200. • The general ledger shows an ending cash balance of $9,450. • Outstanding checks as of September 30 were as follows: Check #547 - $95 Check #624 - $180 Check #627 - $230 · A deposit of $2,000 made by Stepping Stone Corp. on September 24 was erroneously recorded by the bank as a deposit of only $200. · A deposited check for $875 from TreeCo. was rejected by the bank as an NSF check. • Deposits in transit as of September 30 totaled $350. • A notes receivable of $1,400 owed by WRM Inc. was collected on behalf of Stepping Stone Corp. by the bank. • Bank charges of $130 were levied during the month. An Excel template, in which your answers may be entered, can be found in the Student Resource Center. KCa 6-5 Record Bank Reconciliation-Related Journal Entries In this exercise, you will record one journal entry for each reconciling item from KCa 6-4 for which a journal entry is necessary.

KCa 6-4 Prepare a Bank Reconciliation In this exercise, you will prepare a bank reconciliation for the month of September for Stepping Stone Corp. Use the following information to complete the bank reconciliation: • The ending balance displayed on the bank statement was $8,200. • The general ledger shows an ending cash balance of $9,450. • Outstanding checks as of September 30 were as follows: Check #547 - $95 Check #624 - $180 Check #627 - $230 · A deposit of $2,000 made by Stepping Stone Corp. on September 24 was erroneously recorded by the bank as a deposit of only $200. · A deposited check for $875 from TreeCo. was rejected by the bank as an NSF check. • Deposits in transit as of September 30 totaled $350. • A notes receivable of $1,400 owed by WRM Inc. was collected on behalf of Stepping Stone Corp. by the bank. • Bank charges of $130 were levied during the month. An Excel template, in which your answers may be entered, can be found in the Student Resource Center. KCa 6-5 Record Bank Reconciliation-Related Journal Entries In this exercise, you will record one journal entry for each reconciling item from KCa 6-4 for which a journal entry is necessary.

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter4: Internal Control And Cash
Section: Chapter Questions
Problem 16CE
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KCa 6-4 Prepare a Bank Reconciliation In this exercise, you will prepare a bank reconciliation for the month of September for Stepping Stone Corp. Use the following information to complete the bank reconciliation: • The ending balance displayed on the bank statement was $8,200. • The general ledger shows an ending cash balance of $9,450. Outstanding checks as of September 30 were as follows: Check #547 - $95 Check #624 - $180 Check #627 - $230 · A deposit of $2,000 made by Stepping Stone Corp. on September 24 was erroneously recorded by the bank as a deposit of only $200. · A deposited check for $875 from TreeCo. was rejected by the bank as an NSF check. • Deposits in transit as of September 30 totaled $350. · Anotes receivable of $1,400 owed by WRM Inc. was collected on behalf of Stepping Stone Corp. by the bank. • Bank charges of $130 were levied during the month. An Excel template, in which your answers may be entered, can be found in the Student Resource Center. KCa 6-5 Record Bank Reconciliation-Related Journal Entries In this exercise, you will record one journal entry for each reconciling item from KCa 6-4 for which a journal entry is necessary.
Transcribed Image Text:KCa 6-4 Prepare a Bank Reconciliation In this exercise, you will prepare a bank reconciliation for the month of September for Stepping Stone Corp. Use the following information to complete the bank reconciliation: • The ending balance displayed on the bank statement was $8,200. • The general ledger shows an ending cash balance of $9,450. Outstanding checks as of September 30 were as follows: Check #547 - $95 Check #624 - $180 Check #627 - $230 · A deposit of $2,000 made by Stepping Stone Corp. on September 24 was erroneously recorded by the bank as a deposit of only $200. · A deposited check for $875 from TreeCo. was rejected by the bank as an NSF check. • Deposits in transit as of September 30 totaled $350. · Anotes receivable of $1,400 owed by WRM Inc. was collected on behalf of Stepping Stone Corp. by the bank. • Bank charges of $130 were levied during the month. An Excel template, in which your answers may be entered, can be found in the Student Resource Center. KCa 6-5 Record Bank Reconciliation-Related Journal Entries In this exercise, you will record one journal entry for each reconciling item from KCa 6-4 for which a journal entry is necessary.
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