O 790%The following is from Tyrone's bank statement forApril:April 1Beginning Balance.$ 136.003Check No. 79....$ 15.00121.00Deposit No. 10499$ 96.00217.005Check No. 80.261.32(44.32)5Automatic Loan.132.0087.685Deposit No. 1050045761545.2920NSF Check20.00525.2920Service Charge.15.00510.2930Interest1.21511.50Instructions: Prepare a reconciliation ofTyrone's bank account as of April 30. Show botha corrected balance per bank and a correctedbalance per books. Assume that any errors ordiscrepancies you find are Tyrone's fault, not thebank's. AnnotatiorThe following data were taken from Tyrone Tardieff'scheck register for the month of April. Tyrone's bankreconciliation for March showed one outstandingcheck, Check No. 78 for $57.00 (written on March 23),and one deposit in transit, Deposit No. 10499 for$96.00 (made on March 30).DateItemChecksDepositsBalance2015April1Beginning Balance$175.001Deposit No. 10500$451.61626.611Check No. 79.$ 15.00616614.Check No. 80.261.323555927Deposit No. 10501247.28602.8729Check No. 81.214.3538952The following is from Tyrone's bank statement forApril:

The following is from Tyrone's bank statement for April: April 1 Beginning Balance.... $ 136.00 3 Check No. 79.... $ 15.00 121.00 3 Deposit No. 10499 .. $ 96.00 217.00 Check No. 80... Automatic Loan... 5 Deposit No. 10500. 20 NSF Check.. 20 Service Charge... 30 Interest . 5 261.32 (44.32) 5 132.00 87.68 457.61 545.29 20.00 525.29 15.00 510.29 1.21 511.50 Instructions: Prepare a reconciliation of Tyrone's bank account as of April 30. Show both a corrected balance per bank and a corrected balance per books. Assume that any errors or discrepancies you find are Tyrone's fault, not the bank's.

The following is from Tyrone's bank statement for April: April 1 Beginning Balance.... $ 136.00 3 Check No. 79.... $ 15.00 121.00 3 Deposit No. 10499 .. $ 96.00 217.00 Check No. 80... Automatic Loan... 5 Deposit No. 10500. 20 NSF Check.. 20 Service Charge... 30 Interest . 5 261.32 (44.32) 5 132.00 87.68 457.61 545.29 20.00 525.29 15.00 510.29 1.21 511.50 Instructions: Prepare a reconciliation of Tyrone's bank account as of April 30. Show both a corrected balance per bank and a corrected balance per books. Assume that any errors or discrepancies you find are Tyrone's fault, not the bank's.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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