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  • 1-25. (Diamond Company)

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    Revv Cojuangco
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    The document shows Diamond Company's bank reconciliation for July and August. It lists deposits in transit at the beginning and end of each month, receipts per the company's books and per the bank statement, and reconciles the differences between the bank and book balances, including deposits in transit, a note collected, and an erroneous bank charge. The totals are reconciled at the end.

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    The document shows Diamond Company's bank reconciliation for July and August. It lists deposits in transit at the beginning and end of each month, receipts per the company's books and per the bank statement, and reconciles the differences between the bank and book balances, including deposits in transit, a note collected, and an erroneous bank charge. The totals are reconciled at the end.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views1 page

    1-25. (Diamond Company)

    Uploaded by

    Revv Cojuangco
    The document shows Diamond Company's bank reconciliation for July and August. It lists deposits in transit at the beginning and end of each month, receipts per the company's books and per the bank statement, and reconciles the differences between the bank and book balances, including deposits in transit, a note collected, and an erroneous bank charge. The totals are reconciled at the end.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1-25.

    (Diamond Company)

    Deposits in transit at July 31 4,500


    Receipts per books (40,000 - 5,120) 34,880
    Deposits per bank (45,600 - 6,300 - 10,000) (29,300)
    Deposits in transit at August 31 10,080

    Proof: August Receipts


    Per bank
    Per books
    Reported receipts/credits 45,600 40,000
    Deposits in transit, July 31 (4,500)
    Note collected by bank in August 6,300
    Note collected by bank in July recorded
    by the company in August (5,120)
    Erroneous charge by bank in July corrected in August (10,000)
    Deposits in transit at August 31 (see above) 10, 080
    Correct totals 41,180 41,180

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