Millbury National Bank Rio Mean Branch Bugna, Texas Roger's Deli 8811 2nd St. Bugna, Texas Checks and Other Withdrawals Old Balance in Order of Payment Deposits Date New Balance 6,400 2/2 6,400 70.00 180.00 2/3 6,150 200.00 250.00 2/10 6,200 620.00 640.00 2/15 6,220 1,300.00 NSF 330.00 2/20 5,250 1,050.00 1,260.00 2/24 5,460 540.00 55.00 SC 240.00 2/28 5,105 (NSF = nonsufficient funds; SC = service charge.) a. A deposit of $1,900 is in transit. b. Roger's Deli has an ending checkbook balance of $6,000. c. Checks outstanding: no. 111, $850; no. 119, $1,200; no.121, $310. d. Carl Bennett's check for $1,300 bounced due to lack of sufficient funds. e. Bank service charge $55. From the following bank statement, please (1) complete the bank reconciliation for Roger's Deli included below and (2) journalize the appropriate entries as needed. Roger's Deli Bank Reconciliation as of February 28, 201X Checkbook balance Checkbook balance Add: Deduct: Reconciled balance Bank balance Bank balance Add: Deduct: Reconciled balance (2) Journalize the appropriate entries as needed. (Record debits first, then credits. Exclude explanations from journal entries.) Carl Bennett's check for $1,300 bounced due to lack of sufficient funds. Journal Entry Date PR Dr. Cr. Feb. 28 Journalize the bank service charges. Journal Entry Date Account Titles PR Dr. Cr. Feb. 28

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 59BPSB

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			Millbury National Bank
			Rio Mean Branch
			Bugna, Texas
			Roger's Deli
			8811 2nd St.
			Bugna, Texas
Checks and Other Withdrawals
Old Balance	in Order of Payment	Deposits	Date	New Balance
6,400						2/2	6,400
	70.00		180.00			2/3	6,150
	200.00				250.00	2/10	6,200
	620.00				640.00	2/15	6,220
	1,300.00		NSF		330.00	2/20	5,250
	1,050.00				1,260.00	2/24	5,460
	540.00		55.00	SC	240.00	2/28	5,105

(NSF = nonsufficient funds; SC = service charge.)

a.	A deposit of $1,900 is in transit.
b.	Roger's Deli has an ending checkbook balance of $6,000.
c.	Checks outstanding: no. 111, $850; no. 119, $1,200; no.121, $310.
d.	Carl Bennett's check for $1,300 bounced due to lack of sufficient funds.
e.	Bank service charge $55.

From the following bank statement, please (1) complete the bank reconciliation for Roger's Deli included below and (2) journalize the appropriate entries as needed.

Roger's Deli
	Bank Reconciliation as of February 28, 201X

Checkbook balance
Checkbook balance
Add:


Deduct:



Reconciled balance

Bank balance
Bank balance
Add:


Deduct:



Reconciled balance

(2) Journalize the appropriate entries as needed. (Record debits first, then credits. Exclude explanations from journal entries.)

Carl Bennett's check for $1,300 bounced due to lack of sufficient funds.

Journal Entry
Date	PR	Dr.	Cr.
Feb. 28

Journalize the bank service charges.

Journal Entry
Date	Account Titles	PR	Dr.	Cr.
Feb. 28

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