Balance per books, end. 600,000.00 Bal. per bank statement, end.

Add: Credit memo 380,000.00 Add: Deposit in Transit

Less: Debit memo - 60,000.00 Less: Outstanding checks
Add/Less: Book errors Add/Less: Bank errors
Adjusted balance 920,000.00 Adjusted balance

ANSWERS
 860,000.00
100,000.00
- 40,000.00

920,000.00
Balance per books, Feb. 28, 20x1 260,000.00 Bal. per bank statement, Feb. 28, 20x1
Add: Credit memo 30,000.00 Add: Deposit in Transit
Less: Debit memo 5,000.00 Less: Outstanding checks
Add/Less: Book errors Add/Less: Bank errors
Adjusted balance 285,000.00 Adjusted balance

ANSWERS
 Cash in Bank 30,000.00
Accounts Receivable
205,000.00
102,500.00 Accounts Receivable 5,000.00
22,500.00 Cash in Bank

285,000.00
30,000.00

5,000.00
Balance per Book, March 31 800,000.00
Cash Receipts 4,100,000.00
Cash Disbursements - 3,800,000.00
Balance per book, April 30 1,100,000.00
Bank service Charge - 5,000.00
NFS - 25,000.00
Credit Memo 60,000.00
Adjusted Book Balance 1,130,000.00 Adjusted Bank Balance

Outstanding Check 140,000.00

DT 270,000.00

Unadjusted Bank bal. 1,000,000.00

ANSWERS
Bank Service Charge 5,000.00
Cash in Bank 5,000.00

Accounts Receivable 25,000.00

Cash in Bank 25,000.00

Cash in Bank 60,000.00

Notes Receivable 60,000.00
Balance per Book, March 31 800,000.00 Balance per Bank
Cash Receipts 4,100,000.00 Deposit in Transit
Cash Disbursements - 3,800,000.00 Outstanding Check
Balance per book, April 30 1,100,000.00
Bank service Charge - 5,000.00
NFS - 25,000.00
Credit Memo 60,000.00
Adjusted Balance per Book 1,130,000.00 Adjusted Balance per Bank

ANSWERS
 1,000,000.00
270,000.00
- 140,000.00

1,130,000.00
Balance per Bank Statement 3,500,000.00 Accounts Receivable
Deposit in transit 550,000.00
Outstanding Checks - 650,000.00
Adjusted Bank Balance 3,400,000.00 Adjusted Book Balance Debit memo

NSF check - 50,000.00

Debit memo - 5,000.00 Accounts Payable
Book error - 270,000.00
Book error 180,000.00
Book error - 125,000.00 Cash in Bank
Unadjusted balance per Book 3,670,000.00

3,130,000.00 Accounts Payable

ANSWERS
Accounts Receivable 50,000.00
Cash in Bank 50,000.00

Debit memo 5,000.00

Cash in Bank 5,000.00

Accounts Payable 270,000.00

Cash in Bank 270,000.00

Cash in Bank 180,000.00

Accounts Receivable 180,000.00

Accounts Payable 125,000.00

Cash in Bank 125,000.00
Balance per cash book 2,700,000.00 Balance per bank statement 4,000,000.00
Credit Memo 435,000.00 Deposit in transit 475,000.00
Proceeds from bank loan 940,000.00 Outstanding checks - 600,000.00
Service Charge - 10,000.00 Bank error 90,000.00
Debit Memo - 50,000.00 Bank error 150,000.00
Bank error 200,000.00
Bank error - 300,000.00
Adjusted balance 4,015,000.00 Adjusted balance 4,015,000.00

ANSWERS
Service Charge 10,000.00
Cash in Bank 10,000.00

Cash in Bank 940,000.00

Proceeds from bank loan 940,000.00

Debit Memo 50,000.00

Cash in Bank 50,000.00

Cash in Bank 435,000.00

Notes Receivable 435,000.00
Balance per ledger 4,990,000.00 Balance per bank statement 5,500,000.00
Proceeds from bank 516,000.00 Bank error 50,000.00
- 200,000.00 Bank error - 130,000.00
Deposit in Transit 150,000.00
Outstanding checks - 544,000.00
Deposit in Transit 300,000.00
Outstanding checks

5,306,000.00 5,326,000.00

- 20,000.00

ANSWERS
Balance per ledger 4,990,000.00 Balance per bank statement 5,500,000.00
Proceeds from bank 516,000.00 Bank error 50,000.00
- 180,000.00 Bank error - 130,000.00
Deposit in Transit 150,000.00
Outstanding checks - 544,000.00
Deposit in Transit 300,000.00

5,326,000.00 5,326,000.00
Book Balance 1,300,000.00
add: Misappropriation of fund
The payment has been stopped on check no. 555 10,000.00
less: Service Charge - 5,000.00
NSF checks - 85,000.00
Book errors 20,000.00

1,240,000.00

ANSWERS
Book Balance 1,300,000.00
add: Misappropriation of fund 20,000.00
The payment has been stopped on check no. 555 10,000.00
less: Service Charge - 5,000.00
NSF checks - 85,000.00
Book errors 20,000.00

1,260,000.00
 Service Charge
Cash balance as per bank statement 1,200,000.00 Cash in Bank
add: Deposit in Transit 275,000.00
bank error Accounts Receivable
less: Outstanding Check 235,000.00 Cash in Bank

Accounts Payable
Cash Disbursement

1,240,000.00 Cash in Bank

Miscellaneous Revenue
-
Accounts Receivable
Sales Discount

Accounts Receivable
Cash

ANSWERS
Cash balance as per bank statement 1,200,000.00
add: Deposit in Transit 275,000.00
bank error 20,000.00
less: Outstanding Check 235,000.00

1,260,000.00
 5,000.00
5,000.00

85,000.00
85,000.00

70,000.00
70,000.00

10,000.00
10,000.00

10,000.00
10,000.00

30,000.00
30,000.00
Balance as per book 1,300,000.00 Balance as per Bank statement 1,200,000.00
Service charge - 5,000.00 Outstanding checks - 235,000.00
NSF Checks - 85,000.00 Deposit in Transit 275,000.00
Misappropriated funds 40,000.00
Book Error - 20,000.00
Miscellaneous Income 10,000.00
1,240,000.00 1,240,000.00

balance per book 1,300,000.00 balance per bank statement 1,200,000.00

service charge - 5,000.00 outstanding checks - 235,000.00
NSF Check - 85,000.00 deposit in transit 275,000.00
Misappropriated fund 40,000.00 misappropriated funds 40,000.00
Book error 20,000.00
Miscellaneous income 10,000.00
Adjusted Book Balance 1,280,000.00 1,280,000.00
Balance as per ledger 5,000,000.00 Balance as per bank statement 5,500,000.00
unreplenished petty cash - 10,000.00 deposit in transit 300,000.00
proceeds from bank 516,000.00 bank error 50,000.00
bank error - 130,000.00
deposit in transit/bank error 150,000.00
outstanding check - 544,000.00

5,506,000.00 5,326,000.00
180,000.00