Prepare a bank reconciliation for Louis Viton at January 31, 2001, using the information shown. Cash per the accounting records at January 31 amounted to €2,289,090; the bank statement on this same date showed a balance of €2,040,080. The canceled checks returned by the bank included a check written by Tesla Corporation for €69,870 that had been deducted from Benson’s account in error. Deposits in transit as of January 31, 2001, amounted to €334,420. The following amounts were adjustments to Louis Viton’s account on the bank statement: Service charges of €640. An NSF check of €41,000. Interest earned on the account, €1,100. 5. Checks written by Louis Viton that have not yet cleared the bank include four checks totaling €195,820.
Prepare a bank reconciliation for Louis Viton at January 31, 2001, using the information shown. Cash per the accounting records at January 31 amounted to €2,289,090; the bank statement on this same date showed a balance of €2,040,080. The canceled checks returned by the bank included a check written by Tesla Corporation for €69,870 that had been deducted from Benson’s account in error. Deposits in transit as of January 31, 2001, amounted to €334,420. The following amounts were adjustments to Louis Viton’s account on the bank statement: Service charges of €640. An NSF check of €41,000. Interest earned on the account, €1,100. 5. Checks written by Louis Viton that have not yet cleared the bank include four checks totaling €195,820.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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Prepare a bank reconciliation for Louis Viton at January 31, 2001, using the information shown.
- Cash per the accounting records at January 31 amounted to €2,289,090; the bank statement on this same date showed a balance of €2,040,080.
- The canceled checks returned by the bank included a check written by Tesla Corporation for €69,870 that had been deducted from Benson’s account in error.
- Deposits in transit as of January 31, 2001, amounted to €334,420.
- The following amounts were adjustments to Louis Viton’s account on the bank statement:
- Service charges of €640.
- An NSF check of €41,000.
- Interest earned on the account, €1,100.
5. Checks written by Louis Viton that have not yet cleared the bank include four checks totaling €195,820.
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