Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) TAMARISK, INC. Bank Reconciliation August 31, 2017 Cash balance per bank statement $ 21212 Add v: Deposits in transit 7815 Less v: Outstanding checks -9767 Adjusted cash balance per bank 24 19260 Cash balance per books $ 19665 Add v Interest earned 60 Less v: Service charge $ -65 Error in recording check -360 Safety deposit box rent -40 Adjusted cash balance per books $ 19260 %24

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 6EA: The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes...
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Prepare a tabular analysis for the adjustments to be made by Tamarisk, Inc. at August 31. Include margin explanations for the
changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative
sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
Liabilities
Stockholders' Equity
Accts.
Pay.
Rev.
Exp.
>
>
>
Transcribed Image Text:Prepare a tabular analysis for the adjustments to be made by Tamarisk, Inc. at August 31. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Stockholders' Equity Accts. Pay. Rev. Exp. > > >
Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.)
TAMARISK, INC.
Bank Reconciliation
August 31, 2017
Cash balance per bank statement
21212
Add v:
Deposits in transit
7815
Less v:
Outstanding checks
-9767
Adjusted cash balance per bank
19260
Cash balance per books
19665
Add v:
Interest earned
60
Less v:
Service charge
$
-65
Error in recording check
-360
Safety deposit box rent
-40
Adjusted cash balance per books
2$
19260
%24
%24
%24
%24
Transcribed Image Text:Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) TAMARISK, INC. Bank Reconciliation August 31, 2017 Cash balance per bank statement 21212 Add v: Deposits in transit 7815 Less v: Outstanding checks -9767 Adjusted cash balance per bank 19260 Cash balance per books 19665 Add v: Interest earned 60 Less v: Service charge $ -65 Error in recording check -360 Safety deposit box rent -40 Adjusted cash balance per books 2$ 19260 %24 %24 %24 %24
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