FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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On December 31, 2020, TEJ Company had a cash balance per books of $8,664. The statement from DUABI Islamic Bank on that date showed a balance of $15,900. A comparison of the bank statement with the Cash account revealed the following facts.
- NSF check of customer returned by bank $4,200.
- Check No. 210 was correctly written and paid by the bank for $593. The cash payment journal reflects an entry for Check No. 210 as a debit to Accounts Payable and a credit to Cash in Bank for $539.
- Bank service charge for December was $100.
- A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared by the bank in December.
- The bank collected a note receivable for the company for $3,000 plus $100 interest revenue.
- Checks written in December but still outstanding $8,000.
- Checks written in November but still outstanding $5,150.
- Deposits of December 29 and 30 not yet recorded by bank $5,200.
Required:
- Prepare a
bank reconciliation statement at September 30 for TEJ Company.
Answer:
Please fill table below as requested
|
Balance per bank statement = 15,900 |
Balance per book = 8,664 |
| ? | ? |
| ? | ? |
| ? | ? |
|
Adjusted bank balance = ?
|
Adjusted bank balance = ? |
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