Chesters Produces checkbook lists the following: Chesters Produces June bank statement shows the following: Requirements 1. Prepare
Question:
Chesters Produces June bank statement shows the following:
Requirements
1. Prepare Chesters Produces bank reconciliation on June 30, 2012. How much cash does Chesters Produce actually have on June 30?
2. Prepare all necessary journal entries for Chesters Produce to update the Cash account as a result of the bankreconciliation.
Transcribed Image Text:
Date Check No. Item Check Deposit Balance 922 West St. Kitchen 923 Kingpin Products 925 Cash 927 Miller Properties $1,420 1,405 1,745 1,697 1,629 1,530 1,386 719 4,939 S 15 Dividends received 10 14 15 924 19 S 340 48 68 Fauna (payment on account) 27 926 Staples 28 29 144 667 Monthly Sales 4,220 Bal, Jun 1 Deposits Checks $1,420 340 No. 922 923 924 925 Amount 15 48 78 (240) Other Charges Printed checks Service charge S12 Bal, Jun 30 $1,486 The anourt t& cotrect for check n 924
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