Homework Answers
| Marrison Services | ||||
| Correct Cash Balance | ||||
| Cash Balance as per general ledger | $ 54,960.00 | |||
| Add: | ||||
| Interest | $ 140.00 | |||
| Less: Bank Service charges | $ 39.00 | |||
| Less: Difference in cash receipt and Cash payment journal of October | $ 5,275.00 | |||
| Add: Amount | ||||
| Correct Cash Balance | $ 49,786.00 | |||
| Bank Reconciliation Statement | ||||
| October 31st | ||||
| Balance as per Bank Statement | $ 48,230.00 | |||
| Adjustments: | (Add) | (Less) | ||
| Cheque issued but not presented(Ch .No. 31-$989+ Ch.No.29 $865) | $ 1,854.00 | |||
| Cheque deposited but not cleared | $ 3,420.00 | |||
| Cheque No.96 less deducted | $ 10.00 | |||
| Total Amount of adjustments | $ 3,420.00 | $ 1,864.00 | ||
| Balance as per Cash Book | $ 49,786.00 | |||
| Balance as per Cash Statement | $ 49,786.00 | |||
| Adjustments: | (Add) | (Less) | ||
| Cheque issued but not presented | $ 1,854.00 | |||
| Cheque deposited but not cleared | $ 3,420.00 | |||
| Cheque Number 96 less deducted | $ 10.00 | |||
| Total Amount of adjustments | $ 1,864.00 | $ 3,420.00 | ||
| Balance as per Bank Book | $ 48,230.00 |
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