Activity 1

Balance per bank 249 223

Add: Deposit in Transit 22 857.40
6 548 29 405.40
Total 278 628.40
Less: Outstanding Checks
# 862 1 923.80
# 864 2 943.60
# 865 5 265.00 (10 132.40)
Adjusted Balance 268 496.00

Balance per book 248 758.80

Add: Credit Memos
Customer 240 000
Interest 240 24 240.00
Less: Debit Memos
NSF Check 2 762.80
Salary 300 (3 062.80)
Less: Error
Check #843 (1824-384) 1 440.00
Adjusted Balance 268 496.00

JOURNAL ENTRY
1. Cash 24 240
Notes Receivable 24 000
Interest Income 240
2. Accounts Receivable 2 762.80
Cash 2 762.80
3. Book Service Charge 300
Cash 300
4. Accounts Payable 1 440
Cash 1 440
Activity 2
Bulacan Corporation
Proof of Cash
As of June 30, 2021

Reconciliation June Receipts June Reconciliation

(May) Disbursement
Balance per 272 348.40 508 785.80 549 657.40 249 223.00
bank
Deposit In
Transit
May 24 803.00 (24 803.00)
June 22 857.40 22 857.40
6548.00 6 548.00
Outstanding
Check
May - 781 (3 263.00) (3 263.00)
May - 782 (4 258.00) (4 258.00)

June - 862 1 923.80 (1 923.80)

June - 864 2 493.60 (2493.60)
June - 865 5 265.00 (5 265.00)
Adjusted
Balances 289 630.40 533 025.80 554 160.20 268 496.00

Reconciliation June Receipts June Reconciliation

(May) Disbursement
Balance per 289 630.40 508 785.80 549 657.40 248 758.80
book
Credit Memo
Note Collection
Interest 24 000.00 24 000.00
Collected 240.00 240.00
Debit Memo
NSF Check 2 762.80 (2 762.80)
Service Charge 300.00 (300.00)
Book Error 1 440.00 (1 440.00)
Adjusted
Balances 289 630.40 533 025.80 554 160.20 268 496.00