The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9: Cash balance according to the company's records at August 31, $14,190. Cash balance according to the bank statement at August 31, $18,330. Checks outstanding, $5,710. Deposit in transit, not recorded by bank, $2,150. A check for $180 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as S810. Bank debit memo for service charges, $50. Prepare a bank reconcilition, using the format shown in Exhibit 12 Kaycee Sisters Inc. Bank Reconcillatilon August 31, 20Y9 Cash balance according to bank statement Add deposit in transit, not recorded by bank Deduct outstanding checks Adjusted balance S. Cash balance according to Kaycee Sisters Inc. $. Add error in recording check as $810 by the company Instead of $180 Deduct bank service charges Adjusted balance %24 %24
The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9: Cash balance according to the company's records at August 31, $14,190. Cash balance according to the bank statement at August 31, $18,330. Checks outstanding, $5,710. Deposit in transit, not recorded by bank, $2,150. A check for $180 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as S810. Bank debit memo for service charges, $50. Prepare a bank reconcilition, using the format shown in Exhibit 12 Kaycee Sisters Inc. Bank Reconcillatilon August 31, 20Y9 Cash balance according to bank statement Add deposit in transit, not recorded by bank Deduct outstanding checks Adjusted balance S. Cash balance according to Kaycee Sisters Inc. $. Add error in recording check as $810 by the company Instead of $180 Deduct bank service charges Adjusted balance %24 %24
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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