Haverman Company maintains a checking account at the Commerce Bank.?Haverman Company maintains a checking account at the Commerce Bank. At July 31, selected data from the ledger balance and the bank statement are shown below. Cash in Bank Per Books Per Bank Balance, July 1 $21,102 $20,143 July receipts 97,599 July credits 98,882 July... | |
Prepare a bank reconciliation at July 31. (List amounts from largest to smallest eg 10, 5, 3, 2.)
Bal. per bank statement $29,393
Add: Deposits in transit $11,271
Less:
Unpresented checks $10,144
Bank error correction $120
Adjusted cash balance per bank $30,400
Bal. per books $26,198
Add:
Collection of receivable $4,077
Error correction $108
Collection of interest $84
Less:
Check printing charges $67
Adjusted cash balance per books $30,400
Journalize the adjusting entries to be made by Haverman Company at July 31, 2010.
July 31
Dr Cash 4,161
Cr AR 4,077
Cr Interest receivable 84
(To record collection of note receivable by bank.)
July 31
Dr Miscellaneous expense $67
Cr Cash $67
(To record check printing charge.)
July 31
Dr Cash 108
Cr AR 108
(To record error on check.)
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RE:
Haverman Company maintains a checking account at the Commerce Bank.?
Haverman Company maintains a checking account at the Commerce Bank. At July 31, selected data from the ledger balance and the bank statement are shown below.
Cash in Bank
Per Books Per Bank
Balance, July 1 $21,102 $20,143
July receipts 97,599
July credits ...
