bank reconcilation Reliable Assignment Help

  

Question Description

The following information pertains to the Cash account of the Vader Corporation for the month of October 2007:

Bank Statement

Balance, October 31      $22,639.54

Service charge for October  $10

NSF check returned with October bank statement 4.50

Note Recievable collected by bank not recorded on books $1500

Interest on note collected by bank not previously on the books 50.0

Books

Balance, October 31 ?

Cash on hand awaiting deposit    $1,874.18

Outstanding Checks:

#257        $42,17

#271         19.19

#272          80.82                           $ 142.18

Deposits in transit                         $2,220.90

question

1. What is the cash balance per book before adjustment as of October 31, 2007?

2. Prepare the adjusting entries to update the cash balance.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

  

Leave a Comment

Your email address will not be published.