Financial Accounting Plus MyLab Accounting with Pearson eText -- Access Card Package (12th Edition)
12th Edition
ISBN: 9780134833132
Author: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
Publisher: PEARSON
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Chapter 4, Problem 4.20AE
To determine
To prepare: Bank reconciliation of ST, as at March 31, 2018, and determine the actual cash with P, as on March 31, 2018
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The U.S. Chamber of Commerce provides a free monthly bank reconciliation template at
business.uschamber.com/tools/bankre_m.asp. Paula Hein just received her bank statement notice online. She wants to reconcile her
checking account with her bank statement and has chosen to reconcile her accounts manually. Her checkbook shows a balance of
$698. Her bank statement reflects a balance of $1,348. Checks outstanding are No. 2146, $25; No. 2148, $58; No. 2152, $198; and No.
2153, $464. Deposits in transit are $100 and $50. There is a $15 service charge and $5 ATM charge in addition to notes collected of
$50 and $25.
Reconcile Annie's balances.
BANK RECONCILIATION
Annie's checkbook balance
Bank balance
Add:
Add:
Subtotal
Subtotal
Deduct:
Deduct:
Subtotal
Reconciled balance
Reconciled balance
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4 of 15
The U.S. Chamber of Commerce provides a free monthly bank reconciliation template at
business.uschamber.com/tools/bankre_m.asp. Paula Hein just received her bank statement notice online. She wants to reconcile her
checking account with her bank statement and has chosen to reconcile her accounts manually. Her checkbook shows a balance of
$806. Her bank statement reflects a balance of $1,464. Checks outstanding are No. 2146, $47; No. 2148, $60; No. 2152, $217; and No.
2153, $455. Deposits in transit are $132 and $88. There is a $31 service charge and $13 ATM charge in addition to notes collected of
$115 and $28.
Reconcile Annie's balances.
Annie's checkbook balance
Add:
Subtotal
Deduct:
Subtotal
Reconciled balance
BANK RECONCILIATION
You have been appointed as Davis college accountant and, the May 31 bank statement of Davis college has just arrived from bank of America. To prepare the bank reconciliation, you gather the following data:A. The May 31 bank balance is $ 19,209,820B. The bank statement includes two returned checks received from students as payment of tuition fees. One is a $67,500 NSF ( non sufficient fund) check received from Mr johnson and deposited on May 19. The other is $ 195,030 check received from Mr Jonathan and deposited on May 21 that was returned due to "unathorized signature".C. Davis college collects some operating funds from East¢ral-africa division (ECD) by EFT(electronic fund transfer). The May bank statement lists a $ 333,190 deposit for a collection from ECD that Davis college did not know until the bank statement of the month was received.D. The bank statement includes one special deposit of $ 916,000 interest revenue that Davis college earned on its bank balance during May.E.…
Chapter 4 Solutions
Financial Accounting Plus MyLab Accounting with Pearson eText -- Access Card Package (12th Edition)
Ch. 4 - Prob. 1QCCh. 4 - Prob. 2QCCh. 4 - Prob. 3QCCh. 4 - Prob. 4QCCh. 4 - Prob. 5QCCh. 4 - Prob. 6QCCh. 4 - Prob. 7QCCh. 4 - Why does cash require some specific internal...Ch. 4 - Prob. 9QCCh. 4 - Prob. 10QC
Ch. 4 - Prob. 11QCCh. 4 - Prob. 12QCCh. 4 - Prob. 4.1ECCh. 4 - Prob. 4.1SCh. 4 - Prob. 4.2SCh. 4 - (Learning Objective 2: Describe objectives and...Ch. 4 - Prob. 4.4SCh. 4 - (Learning Objective 2: Explain the objectives and...Ch. 4 - (Learning Objective 3: Evalue internal controls...Ch. 4 - Prob. 4.7SCh. 4 - Prob. 4.8SCh. 4 - Prob. 4.9SCh. 4 - Prob. 4.10SCh. 4 - Prob. 4.11SCh. 4 - Prob. 4.12SCh. 4 - Prob. 4.13SCh. 4 - Prob. 4.14SCh. 4 - Prob. 4.15AECh. 4 - Prob. 4.16AECh. 4 - Prob. 4.17AECh. 4 - Prob. 4.18AECh. 4 - Prob. 4.19AECh. 4 - Prob. 4.20AECh. 4 - Prob. 4.21AECh. 4 - Prob. 4.22BECh. 4 - Prob. 4.23BECh. 4 - Prob. 4.24BECh. 4 - (Learning Objectives 1, 2, 3: Describe fraud and...Ch. 4 - Prob. 4.26BECh. 4 - Prob. 4.27BECh. 4 - Prob. 4.28BECh. 4 - Prob. 4.29QCh. 4 - Prob. 4.30QCh. 4 - Prob. 4.31QCh. 4 - Prob. 4.32QCh. 4 - Prob. 4.33QCh. 4 - Prob. 4.34QCh. 4 - Prob. 4.35QCh. 4 - Prob. 4.36QCh. 4 - Prob. 4.37QCh. 4 - Prob. 4.38QCh. 4 - Prob. 4.39QCh. 4 - Prob. 4.40QCh. 4 - Prob. 4.41APCh. 4 - Prob. 4.42APCh. 4 - Prob. 4.43APCh. 4 - Prob. 4.44APCh. 4 - Prob. 4.45BPCh. 4 - (Learning Objectives 2, 3: Explain the objectives...Ch. 4 - (Learning Objective 3: Evaluate internal controls)...Ch. 4 - Prob. 4.48BPCh. 4 - Prob. 4.49CEPCh. 4 - Prob. 4.50CEPCh. 4 - Prob. 4.51SCCh. 4 - Prob. 4.52DCCh. 4 - Prob. 4.53DCCh. 4 - Prob. 4.54EICCh. 4 - Prob. 1FFCh. 4 - Prob. 1FA
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