Identify the errors in the following bankreconciliation: Imaging Services Co Bank Reconciliation For the Month Ended April
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Identify the errors in the following bankreconciliation:
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Imaging Services Co Bank Reconciliation For the Month Ended April 30, 2006 Cash balance according to bank statement. . . Add outstanding checks: 9,767.76 345.95 272.75 759.60 501.50 844 1,879.80 11,647.56 1,010.06 9,637.50 Deduct deposit of April 30, not recorded by bank . . . . Cash balance according to depositor's records Add: Proceeds of note collected by bank: .. S 1,118.32 18.00 8,298.00 9,416.32 Deduct: Check returned because of insufficient funds 752.30 Error in recording April 10 deposit of $4,850 as $4,580. . 1,022.30 8,394.02 270.00 Adjusted balance
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1 The heading should be for April 30 2006 and not For the Month Ended April 30 2006 2 The outstandin...View the full answer
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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