Nama : Febriani Affi

NIM : 190610188
Kelas : 13F1
Mata Kuliah : Akuntansi Keuangan Masalah Khusus
ASN 2

P7.13 The cash account of Aguilar Co. showed a ledger balance of $3.969,85 on June 30, 2022. The
bank statement as of that date showed a balance of $4.150. Upon comparing the statement withthe
cash records, the following facts were determined.

1. There were bank service charges for June of $25.

2. A bank mestated that Bao Dai’s note for $1.200 and interest of $36 had been collected on June
29, and the bank had made a charge of $5,50 on the colloction. (no entry had been made on
aguilar;s books when Bao Dai’s note was sent to the bank for collection).

3. Receipts for June 30 for $3.390 were not deposited until July 2.

4. Checks outstanding on June 30 totaled $2.136,05.

5. The bank had reduced Aguilar Co.’s account for a customer’s uncollectible check amounting
to $253,20 on June 29.

6. A customer’s check for $90 (payment on account) had been entered as $60 in the cash receipts
journal by Aguilar on June 15.

7. Check no.742 in the amount of $491 had been entered in the cash journal as $419, and check
no.747 in the amount of $58,20 had been entered as $582. Both checks had been issued to
pay for purchases of equipment.

Instructions:

a. Prepare a bank reconciliation dated June 30, 2022, proceeding to a correct cash balance.
 AGUILAR CO.
Bank Reconciliation
June 30, 2022
Balance per bank, June 30 $4.150.000
Add: Deposits in transit $3.390.000
Deduct: Outstanding 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 ($90-$60) $30
Error on check no.747 ($582-58,20) $523,80
Note collections ($1.200+$36) $1.236 $1.789,80
$5.759,65
Deduct: NSF check $253,20
Error on check no.742 ($491-$419) $72
Bank service charges ($25+$5,50) $30,50 ($355,70)
Correct cash balance, June 30 $5.403,95

E7.25 Aragon Company has just received the August 31, 2022, bank statement, which is
summarizedbelow.

County National Bank Disbursements Receipts Balance

Balance, August 1 $9.369
Deposits during August $32.200 $41.569
Note collected for depositor, including $40 $1.040 $42.609

Interest
Checks cleared during August $34.500 $8.109
Bank service charges $20 $8.089
Balance, August 31 $8.089
The general ledger Cash account contained the following entries for the month of August.

Cash

Balance, August 1 10.050

Receipts during August 35.000
Disbursements in August 35.403

Deposits in transit at August 31 are $3.800 and checks outstanding at August 31 total $1.550.
Cash on hand at August 31 is $310. The bookkeeper improperly entered one check in the books
at $146,50 which was written for $164,50 for supplies (expense); it cleared the bank during the
month of August.
Instructions:

a. prepare a bank reconciliation dated August 31, 2022, proceeding to a correct balance.

ARAGON COMPANY
Bank Reconciliation
August 31, 2022
Balance per bank, August 31, 2022 $8.089
Add: Cash on hand $310
Deposits in transit $3.800 $4.110
$12.199
Deduct: Outstanding checks ($1.550)
Correct cash balance $10.649

Balance per books, August 31, 2022 $9.647

($10.050+$35.000-$35,403)
Add: Note and interest collected $1.040
$10.687
Deduct: Bank service charges $20
Understated check for supplies $18 ($38)
Correct cash balance $10.649