March 31, 1998. the Cash Book of Henry showed a Bank balance of $ 4,850. While verifying with the Pass Book, the following facts were noted: (i) Cheques sent in for collection before March 31, 1998, and not credited by the bank amounted to $ 845. (ii) Cheques issued before March 31, 1998, but not presented for payment amounted to $ 885. (iii) The banker has charged a sum of $ 100 towards incidental charges and credited interest $ 250. (iv) The banker has given a wrong credit for $ 250. (v) Mr. Neon has paid into bank directly a sum of $ 300 on March 28, 1998, which has not been entered in the cash book (vi) A cheque for $ 200 sent for collection and returned unpaid has not been entered in the cash book. Prepare a Bank Reconciliation Statement.
March 31, 1998. the Cash Book of Henry showed a Bank balance of $ 4,850. While verifying with the Pass Book, the following facts were noted: (i) Cheques sent in for collection before March 31, 1998, and not credited by the bank amounted to $ 845. (ii) Cheques issued before March 31, 1998, but not presented for payment amounted to $ 885. (iii) The banker has charged a sum of $ 100 towards incidental charges and credited interest $ 250. (iv) The banker has given a wrong credit for $ 250. (v) Mr. Neon has paid into bank directly a sum of $ 300 on March 28, 1998, which has not been entered in the cash book (vi) A cheque for $ 200 sent for collection and returned unpaid has not been entered in the cash book. Prepare a Bank Reconciliation Statement.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 1CP
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On March 31, 1998. the Cash Book of Henry showed a Bank balance of $ 4,850. While verifying with the Pass Book, the following facts were noted:
(i) Cheques sent in for collection before March 31, 1998, and not credited by the bank amounted to $ 845.
(ii) Cheques issued before March 31, 1998, but not presented for payment amounted to $ 885.
(iii) The banker has charged a sum of $ 100 towards incidental charges and credited interest $ 250.
(iv) The banker has given a wrong credit for $ 250.
(v) Mr. Neon has paid into bank directly a sum of $ 300 on March 28, 1998, which has not been entered in the cash book
(vi) A cheque for $ 200 sent for collection and returned unpaid has not been entered in the cash book.
Prepare a Bank Reconciliation Statement .
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