Balance of current account of Company "Los Arbolitos Limited" at Español Bank in Chile, as of December 31, 2021 was as follows: - Balance according to company's accounting $ 1,278,000 - Balance according to Bank's accounting $ 1,272,400 Other background: a) Draft of check No. 708 for $ 25,000 not cashed. b) Charge made by Bank for collection commission and V.A.T. for $ 8,600 not recorded in company. c) Check deposited for $ 30,000 that was not paid and whose protest was not registered by company. d) Deposit for $ 20,000 registered by the Bank, corresponding to another current account. e) Deposit in Transit for $ 122,000 not registered by the Bank. f) Deposit made directly by a client for $ 10,000 not registered by company. g) Payment of draft in collection at the bank for $ 100,000 not recorded by company. Following is requested: a) Carry out the bank reconciliation. b) Record corresponding adjustments.
Balance of current account of Company "Los Arbolitos Limited" at Español Bank in Chile, as of December 31, 2021 was as follows:
- Balance according to company's accounting $ 1,278,000
- Balance according to Bank's accounting $ 1,272,400
Other background:
a) Draft of check No. 708 for $ 25,000 not cashed.
b) Charge made by Bank for collection commission and V.A.T. for $ 8,600 not recorded in company.
c) Check deposited for $ 30,000 that was not paid and whose protest was not registered by company.
d) Deposit for $ 20,000 registered by the Bank, corresponding to another current account.
e) Deposit in Transit for $ 122,000 not registered by the Bank.
f) Deposit made directly by a client for $ 10,000 not registered by company.
g) Payment of draft in collection at the bank for $ 100,000 not recorded by company.
Following is requested:
a) Carry out the bank reconciliation.
b) Record corresponding adjustments.
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