Balance per book

Add: Error in Check No. 765

Check No. 555 stopped for payment
Total

5,0
00
85,000

Less: Service Charge

NSF check
Adjusted book balance

Balance per bank

Add: Deposit in Transit
Total
Less: Outstanding Checks:
No. 761
No. 762
No. 763
No. 764
No. 765
Adjusted bank balance

Problem 8-11

20,000
10,000

30,000
1,330,000

55,000
40,000
25,000
65,000
50,000

1,300,000

90,000
1,240,000

1,200,000
275,000
1,475,000

235,000
1,240,000

Adjusting entries:
Cash in Bank

10,000

Miscelleneous Income

10,000

(Check No. 555)

Cash in Bank

20,000

Accounts Payable

20,000

(Error in Check No. 765)

Accounts Receivable

85,000

Cash in Bank

85,000

(NSF check)

Bank Service Charge

Cash in Bank
(Service charge)

5,000
5,000

Receivable from Bookeeper

40,000

Accounts Receivable

10,000

Sales Discounts

30,000

(Misappropriated by bookkeeper)