Question

emaining Time: 38 minutes, 04 seconds Question Completion Status QUESTION 22 that the fr i The accountant of Company ABC The Company has just received the bank statement on December 31. The cach balance per The Company's book is different from the essence per the bank met A nthe your December 31. Below is the data retrieved from different source Deposits in transit $25,000 Non-Sufficient Fund (NSF) checks $22,000 Hank service charges for printed checks Outstanding checks that had been cleared yet $27.500 Cash balance per Company's book SI52000 Cash balance per bank statement SITR000 Additional Information: • The bank statement showed 517,300 was collected by the bank from a customer and was deposited to The Company's account on December 30. • On December 29, The Company's cash account showed cash sales of $145 but the bank statement showed the amount deposited was actually 245. The accountant reviewed the transactions in details and found the S245 should be the correct amount. Enter the dollar amounts for the bank reconciliation for the month of December Remaining Time: 38 minutes, 01 second Question Completion Status Company's account on December • On December 29, The Company's cash account showed cash sales of $145 but the bank sta the amount deposited was actually 5245. The accountant reviewed the transactions in detal $245 should be the correct amount. Enter the dollar amounts for the bank reconciliation for the month of December Cash balance per bank statement $17.000 Additions to cash balance per bank Subtractions from cash balance per bank Adjusted (bankcash balance - Cash balance per Company's book $182,000 Additions to cash balance per Company's book Subtractions from cash balance per company's book Adjusted (book) cash balance - QUESTION 23

Answer 1

Bank reconciliation statement
Cash Balance per Bank statement		$ 1,78,000.00
Add: deposit in Transit		$ 25,000.00
Less: Outstanding Checks (item 8)		$ (27,500.00)
Adjusted Balance per bank		$ 1,75,500.00
Cash Balance per company Book statement		$ 1,82,000.00
Add:
Notes Receivables Collected by bank	$ 17,300.00
Errors in company cash account (item 10)	$ 100.00	$ 17,400.00
		$ 1,99,400.00
Less:
Bank service charges	$ 1,900.00
NSF Checks and Fees	$ 22,000.00	$ (23,900.00)
Adjusted Balance per books		$ 1,75,500.00