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  • Evelyn Bulan Culagbang BSBA FM

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    Evelyn Bulan Culagbang
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    The document shows adjusting entries made on December 31st by Bedlam Company. It records a bank service charge of $4,000, decreases note receivable by $3,000, and increases cash in bank by $304,000. It also provides a proof of cash reconciliation for December, adjusting the book and bank balances for items such as notes receivable, deposits in transit, and outstanding checks.

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    Evelyn bulan Culagbang BSBA FM

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    The document shows adjusting entries made on December 31st by Bedlam Company. It records a bank service charge of $4,000, decreases note receivable by $3,000, and increases cash in bank by $304,000. It also provides a proof of cash reconciliation for December, adjusting the book and bank balances for items such as notes receivable, deposits in transit, and outstanding checks.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    24 views1 page

    Evelyn Bulan Culagbang BSBA FM

    Uploaded by

    Evelyn Bulan Culagbang
    The document shows adjusting entries made on December 31st by Bedlam Company. It records a bank service charge of $4,000, decreases note receivable by $3,000, and increases cash in bank by $304,000. It also provides a proof of cash reconciliation for December, adjusting the book and bank balances for items such as notes receivable, deposits in transit, and outstanding checks.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Evelyn bulan Culagbang BSBA FM-2C

    ADJUSTING ENTRY:

    DATE PARTICULAR PR CR

    December 31 Bank service charge 4,000

    Note receivable 3,000

    cash in bank 304,000

    BEDLAM COMPANY

    PROOF OF CASH FOR THE MONTH OF DECEMBER

    Nov 30 Receipt Disbursement Dec. 31


    Balance Per Book 2,032,000 2,568.000 1,440,000 3,160,000
    BANK SERVICE CHARGE
    NOVEMBER (2,000) (2,000)
    DECEMBER 4,000 (4,000)

    NOTE RECORDED AS CASH


    RECEIPT BY ENTITY WHEN
    PLACE WITH BANK FOR COLLECTION
    NOVEMBER (200,000) 200,000
    DECEMBER (300,000)
    (300,000)
    ADJUSTED BOOK BALANCE 1,830,000 2,000,000 1,080,000 2,900,00

    DEPOSIT IN TRANSIT
    NOVEMBER 80,000 (80,000)
    DECEMBER 498,000 498,000

    ERRONEOUS BANK CHARGES:


    NOVEMBER 40,000 (40,000)
    DECEMBER (50,000) 50,000

    OUT STANDING CHECKS


    NOVEMBER (180,000) (180,000)
    DECEMBER 592,000 (592,000)

    ADJUSTED BANK BALANCE 1,830,000 2,468,000 1,442,000 2,856,000

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