Professional Documents
Culture Documents
BSA 3-A
4. The following data are available for the cash in bank of Ellen Company for February of the current year:
a. Deposit made by the company this February, 120,000.
b. Deposit in Transit, January 31, 200,000.
c. Customer’s check representing receipts in January amounting to 21,000 was erroneously recorded
by the company as 12,000.
d. Check of the company in January amounting to 2,000 was erroneously recorded by the company as
20,000.
e. Deposit acknowledged by the bank in February, 150,000.
f. Erroneous bank charge in January, 13,000.
g. Erroneous bank credit in February, 14,000.
h. Customer’s note collected, January 31, 10,000.
i. Customer’s note collected, February 28, 12,000.
Required:
a. Deposit in Transit in February 28.
8. Data concerning the cash records of Lyndon Company for the months of September and October of the
current year follow:
a. Undeposited book balance on September 30 amounted to 2,258,000.
b. Total receipts per book in October, 1,400,000.
c. Total disbursements per book in October, 2,400,000.
d. Unadjusted bank balance on September 30 amounted to 2,100,000
e. Total credits per bank in October amounted to 1,200,000.
f. Total debits per bank in October amounted to 2,500,000.
g. NSF checks on September 30 amounted to 60,000 while on October 31 amounted to 40,000.
h. Collection of accounts receivable not recorded by the company on September 30, 30,000 and 50,000
on October 31.
i. Erroneous bank charge on September 30, 10,000 and 18,000 on October 31.
j. Erroneous bank credit on September 30, 7,000 and 9,000 on October 31.
k. Understatement of check in payment of rent payable on September 30, 90,000 and 120,000 on
October
31.
l. Deposit in Transit on September 30, 130,000.
m. Outstanding checks on October 31, 30,000.
Outstanding checks
Credit memo