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Question 2:- On 31/12/2012, the books of Al-Najee Company showed the balance amount of 512000, and the statement received from the bank amount of 555000, and after examining the company's books, it was found that the reasons for the differences between the two balances are as follows: 1. Deposits in transit of 18000 were deposited by the company but they did not appear in the bank statement. 2. Pay error 5000 3. The company's accountant discovered that he had made a mistake in registering a check, as it was recorded in the books in the amount of 13800, while the check was written and paid from the bank correctly in the amount of 6100. 4. There are checks drawn to creditors during the month are not presented for exchange, an amount 45000. 5. The bank collected the interest of bonds owned by the company deposited in the bank an amount of 13500. 6. Bank expenses and commissions the amounted of 200. Required: Prepare the Bank reconciliation statement

Question 2:- On 31/12/2012, the books of Al-Najee Company showed the balance amount of 512000, and the statement received from the bank amount of 555000, and after examining the company's books, it was found that the reasons for the differences between the two balances are as follows: 1. Deposits in transit of 18000 were deposited by the company but they did not appear in the bank statement. 2. Pay error 5000 3. The company's accountant discovered that he had made a mistake in registering a check, as it was recorded in the books in the amount of 13800, while the check was written and paid from the bank correctly in the amount of 6100. 4. There are checks drawn to creditors during the month are not presented for exchange, an amount 45000. 5. The bank collected the interest of bonds owned by the company deposited in the bank an amount of 13500. 6. Bank expenses and commissions the amounted of 200. Required: Prepare the Bank reconciliation statement

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 18E
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Question 2:- On 31/12/2012, the books of Al-Najee Company showed the balance amount of 512000, and the statement received from the bank amount of 555000, and after examining the company's books, it was found that the reasons for the differences between the two balances are as follows: 1. Deposits in transit of 18000 were deposited by the company but they did not appear in the bank statement. 2. Pay error 5000 3. The company's accountant discovered that he had made a mistake in registering a check, as it was recorded in the books in the amount of 13800, while the check was written and paid from the bank correctly in the amount of 6100. 4. There are checks drawn to creditors during the month are not presented for exchange, an amount 45000. 5. The bank collected the interest of bonds owned by the company deposited in the bank an amount of 13500. 6. Bank expenses and commissions the amounted of 200. Required: Prepare the Bank reconciliation statement
Transcribed Image Text:Question 2:- On 31/12/2012, the books of Al-Najee Company showed the balance amount of 512000, and the statement received from the bank amount of 555000, and after examining the company's books, it was found that the reasons for the differences between the two balances are as follows: 1. Deposits in transit of 18000 were deposited by the company but they did not appear in the bank statement. 2. Pay error 5000 3. The company's accountant discovered that he had made a mistake in registering a check, as it was recorded in the books in the amount of 13800, while the check was written and paid from the bank correctly in the amount of 6100. 4. There are checks drawn to creditors during the month are not presented for exchange, an amount 45000. 5. The bank collected the interest of bonds owned by the company deposited in the bank an amount of 13500. 6. Bank expenses and commissions the amounted of 200. Required: Prepare the Bank reconciliation statement
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