The following information is available for Hapley Company. The November 30 bank statement shows a $1,895 balance. The general ledger shows a $1,742 balance at November 30. A $795 deposit placed in the bank’s night depository on November 30 does not appear on the November 30 bank statement. Outstanding checks amount to $638 at November 30. A customer’s $335 note was collected by the bank in November. A collection fee of $15 was deducted by the bank and the difference deposited in Hapley’s account. A bank service charge of $10 is deducted by the bank and appears on the November 30 bank statement. Hapley partially completed a bank reconciliation, shown below. Required: Complete the bank reconciliation for Hapley using the template included below.
The following information is available for Hapley Company. The November 30 bank statement shows a $1,895 balance. The general ledger shows a $1,742 balance at November 30. A $795 deposit placed in the bank’s night depository on November 30 does not appear on the November 30 bank statement. Outstanding checks amount to $638 at November 30. A customer’s $335 note was collected by the bank in November. A collection fee of $15 was deducted by the bank and the difference deposited in Hapley’s account. A bank service charge of $10 is deducted by the bank and appears on the November 30 bank statement. Hapley partially completed a bank reconciliation, shown below. Required: Complete the bank reconciliation for Hapley using the template included below.
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 1PB
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The following information is available for Hapley Company.
- The November 30 bank statement shows a $1,895 balance.
- The general ledger shows a $1,742 balance at November 30.
- A $795 deposit placed in the bank’s night depository on November 30 does not appear on the November 30 bank statement.
- Outstanding checks amount to $638 at November 30.
- A customer’s $335 note was collected by the bank in November. A collection fee of $15 was deducted by the bank and the difference deposited in Hapley’s account.
- A bank service charge of $10 is deducted by the bank and appears on the November 30 bank statement.
Hapley partially completed a bank reconciliation, shown below.
Required: Complete the bank reconciliation for Hapley using the template included below.
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