E7-23

No Date Explanation Dr Cr
1 Apr-01 Petty Cash 200
Cash 200
2 Apr-10 Inventory 60
Supplies Expense 25
Postage Expense 40
Account Receivable-Employees 17
Miscellanous Expense 36
Cash Over and Short 10
Cash 188
3 Apr-20 Petty Cash 100
Cash 100
P7-13
(a) AGUILAR CO.
Bank Reconciliation
June 30, 2015
Balance per bank, June 30 4,150.00
Add : Deposits in transit 3,390.00

Deduct : Outsanding Checks 2,136.05

Correct cash balance, June 30 5,403.95

Balance per books, June 30 3,969.85

Add :
Error in recording deposit 30.00
Error on check no. 747 523.80
Note collection 1,236.00 1,789.80
5,759.65
Deduct :
NSF check 253.20
Error on check no. 742 72.00
Bank service charges 30.50 355.70
Correct cash balance, June 30 5,403.95

(b) Cash 1,789.80

Accounts Receivable 30.00
Accounts Payable 523.80
Notes Receivable 1,200.00
Interest Revenue 36.00

Accounts Receivable 253.20

Accounts Payable 72.00
Office Expense (Bank Charges) 30.50
Cash 355.70
P7-14
(a) HASELHOF INC.
Bank Reconciliation
Nov-30
Balance per bank statement, November 30 56,274.20
Add :
Cash on hand, not deposited 1,915.40
58,189.60
Deduct :
Outstanding Checks
#1224 1,635.29
#1230 2,468.30
#1232 2,125.15
#1233 482.17 6,710.91
Correct cash balance, November 30 51,478.69

Balance per books, November 30 50,478.22

Add :
Bond interest collected by bank 1,400.00
51,878.22
Deduct :
Bank charges not recorded in books 27.40
Customer's check returned NSF 372.13 399.53
Correct cash balance, November 30 51,478.69

(b) Nov-30
Cash 1,400.00
Interest Revenue 1,400.00

Office Expense (Bank Charges) 27.40

Cash 27.40

Accounts Receivable 372.13

Cash 372.13