Z z ‘a monthly bank reconciliation, which of the PROBLEM Fitems would be added to the balance per bank parva the cnet cath balance? Problem 4-1 Multiple choice ° “es prvi charge 1A bank reconciliation is Sai note collected by the bank on behalf of 4 A formal Snaeial sateen account bale en {merger fo sink hk paring a bank reconciliation, bank credits are © Astatement sent by the b basis, 7 to the bank statement balance, A schedule that acount Jedueted from the bank statement balance. fan entity's cash balance a % to the balance per book. and the cash balance ha Dedlueted from the balance per book: 2. Which of the following ite Dpalance shown on an entity's bank statement is leas balance per ledger inp the correct cash balance and neither the entity nor ‘ends with adjusted cash Tse mado any errors, thore must be Note receivable eo depositor and erdited NSF customer chock Service charge Erroneous bank credited by the bank but not yet recorded by charges not yet recorded by the entity i fash balance shown on af entity's accounting records statement balance in than the eorrect cash balance and neither the entity fends with adjusted Dank has made any errors, there must be sits credited by the bank but not yet recorded by ‘entity8. Bank re ‘ais to identi aap eaeoa sna monn, nada ae ae ny ak fei nro, sear x bas onion Part of the depositor shall cing the adjusted balance method. Also, prepare a nae ’ ae on th boa of Apathy Compe error, outetanding rots . Campeny Connie) ___ ‘Check No. Withdrawal Deposits Balance 5 109000 100,000, ee : a _ Bee on Se 1.000 130,000 — 100, 208,000, ‘Are taken from the " ‘May include a debit to of anes i Des. & Check No 101 5.600" May include a credit Check No. 102 16,000 customer check, 8 Check No. 103 40,000 May include a debit tp D x & Chek No-t0s 1000) ‘customer check. 14 Chesk No. 106 25,000 9. The adjusting entries for @ 25 Check No. 107 56,000, 10, Which ofthe following 1. Blank service hay ‘made by the bank on December 29 represents the ledger to be ig ef a ote received fm a customer which was even ther thing m by the entity on Devember 26. all other things snk for ealletion by the entity on Ds 43 (IAA) ledger account is a copy of the bank account in ‘Company. ‘SECOND BAN}YY Rien: 1LCPA Adapted) Problem 4-15 (AICPA Adapted) ~ ee CPA Sdapted) ing the audit of Emphatic Company on December 21, 2012, the In preparing ite August 31, 20) Ws data are gathered Adorable Company has made information Balance perbanktatement Depot in trentt Return ef antomerchck or Outstandingchecke Bank serie chorge for Augurt (On August 81, 2012, what i th Problem 4-16 (AICPA. Company provided the following data forthe purpose In preparing its bank res the eash balance por book with the cash balance Cardinal Company has statement on December 31, 2012; Balance per bank statement 2,000,000 Deposit intranit é 150,000 ‘Amount eronea ng heck Gling ca £100,000) 50,000 ad checkofP190,00) $00.00 Aerator OFF =D. rodeposied and cata hy Dsemles 2) 150,000 ditto Endemic account, representing “ . 7 ga.000 7,000 fash in bank to be reported in the December 31, of financial postion?Problem 4-19 (AA) ony» bank statement forthe month of April Adversary Company keeps all itt Ps An examination of the entity's a or ps atemene forthe month coded ‘olowing information ‘The cash balance per bok © A deposit o¢ POO ound acsiner chek for P35,000)payabe depecttory on dame 90 da Be Company thst Haas been depend an nea Gerebrded The gneral edgar anova of PO20,000, What in tho aajuted cash in Tho bank salen ‘pn 30? nto for Advernry Co Rs, of P9500 vo the en * Chocks outstanding on June Adversary Company dis e SJune for P200,000 in payment 4-21 (PHILCPA Adapted) a ing information pertains to Beacon Company on * Included with the June Bie Bt 2012: ‘for P250,000 that Ad er hank statement 4.000¢ ‘customer on June essaning cling cited bck 100.00) Soe ote colectc by bane for Bescon 150.000 * The bank statement. of ustomers returned by bank, 200,000 n benice charge shown in December bank statement “600 june P by Beacon in recordingacheck that) 2) the bakin Decenber check was draw | What isthe cash in ba ber forP100,000 but recorded at PI0.000)"” | 90,000 financial positon on eal 1,300,000 aa Be nf aaron Dect, 2012 ‘9,000,000 9,000 ieProblem 4-22 (CGA0) 4 HILCPA Adapted) On March 81, 2012, Decent Compan the cash ncounts of Gaiety Company on Statement. A' bank seconeliatog i Fae ENG che talowing iiormation in nvalable: following available information: ata! rid 73100 000 February 28 book balance Neeaicced peat 00000 ineretentedeons “ioe Notched staan Aa Boer cra NS ck Vato 7 Other bank service charges ‘s#,.000 Outstanding coe = tom Bea ay 2k pone 1 rons 24. % 190,000 7 pps, What isthe enah bullice por acc 1000 7 1,495,000 by 1.533.000 & 1/338,000 1,557,000 Problem 4-28 (IAA) Sapphire Coupe the month of December Balance per bank tatament Bank sorice charge fr Interest paid by bank ela Weposit of P230,Q00 made on the last day of the Deposits ada bateoeg The bank statement showed a coletion by the bank (Checks written but nt yee 4,000 and a customer's check for P32,000 returned ue was NSE. A customers check for 249,000 vas Sapphite Company fon the books as P54,000, and a check written for erroneously recorded a A recorded as P97,000. What is the correct balance been. recorded for PO h account? edger-on December 3 a 2,500,000 B. 2,520,000 ‘e. 2,540,000 d. 2,800,000 \Problem 4.26 (PHILCPA Ad The bookkeoper of following aa recon om Balance per bank statement Posi in ennai, (Ghecktook printing charge Brror madeby Factor rcoding © “seved in December NSF check Outstanding check ‘Note collected by bank including PIO Balance per book Bsoterie Company has P200, ae 4 31, 2012, What total ation is acalled. “to-date” because it December 31, 20122 o jane followed for a onesdate reconciliation are the a. 2,980,000 {6-7 3,095,000 {wo-date reconciliation. 2,895,000 a. 3,130,000 conciiation becomes complicated only when certain Ser omitted henoe the necessity for computing them. Froblem «77 0G the facts are available, thon reconciliation statements stom Company's moni i prepare as of he two ater rose balance of P3,600,000, 0 1,200,000, a depot dikor, the omitted information may be any one oF a find a check for P50,000¥8 ‘ofthe flowing: SMainot the account tcount a month-end? tlanc — beginning and ending ‘ Beginning and ending jis in transit ~ beginning ond ending 2,750,000 2,850,000 fanding checks ~ beginning and ending 2,050,000 4,350,000 Balances are not given, the following formas beginning balances are omitted, the formulas be reversed or just work back,