Problem 2-1

Bank Recon- June 30

Balance per book 1,000,000.00
Add: Credit Memo 300,000.00
Total 1,300,000.00
Less: NSF 100,000.00
Service Charge 4,000.00 (104,000.00)
Adjusted Book Balance 1,196,000.00

Balance per bank 1,650,000.00

Add: Deposit in Transit 400,000.00
Total 2,050,000.00
Less: Outstanding Checks (854,000.00)
Adjusted Bank balance 1,196,000.00

m
er as
co
Bank Recon- July 30

eH w
Balance per book 1,400,000.00
Add: Credit Memo for Bank loan 500,000.00

o.
Total
rs e 1,900,000.00
ou urc
Less: Service Charge (1,000.00)
Adjusted BookBalance 1,899,000.00
o

Balance per bank 2,650,000.00

aC s

Add: Deposit inTransit 1,100,000.00

vi y re

Total: 3,750,000.00
Less: Outstandig check (1,851,000.00)
Adjusted Bank balance 1,899,000.00
ed d
ar stu

Book-beg 1,196,000.00
Add: Book Debit 4,000,000.00
CM (300,000.00) 3,700,000.00
sh is

Total 4,896,000.00
Les: Book Credit 3,600,000.00
Th

NSF (100,000.00)
Service Charge (4,000.00) (3,496,000.00)
Book balance end month 1,400,000.00

bank- beg 1,196,000.00

Add: bank credit 3,500,000.00
Deposit in transit (400,000.00) 3,100,000.00
total 4,296,000.00
Less: Bank debit 2,500,000.00
Outstanding Check (854,000.00) (1,646,000.00)
Bank balance- end month 2,650,000.00

https://www.coursehero.com/file/70800894/Problem-3-1pdf/
 Deposit in Transit- beg 400,000.00
Add: Book Debit 4,000,000.00
Credit memo(june) (300,000.00) 3,700,000.00
Total 4,100,000.00
Less: Bank Credit 3,500,000.00
credit memo (july) (500,000.00) (3,000,000.00)
DT- end month 1,100,000.00

Outsanding Check 854,000.00

Add: Book Credit 3,600,000.00
Debit Momo(NSF and SC) (104,000.00) 3,496,000.00
Total 4,350,000.00
Less: Bank Debit 2,500,000.00

m
Service Charge(july) (1,000.00) (2,499,000.00)

er as
OC- end month 1,851,000.00

co
eH w
o.
rs e
ou urc
o
aC s
vi y re
ed d
ar stu
sh is
Th

https://www.coursehero.com/file/70800894/Problem-3-1pdf/

Powered by TCPDF (www.tcpdf.org)