Angela Lansbury Company deposits all receipts and makes all payments by check. The following information is available

Question:

Angela Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records.

June 30 Bank ReconciliationBalance per bank...........................................$ 7,000Add: Deposits in transit....................................1,540Deduct: Outstanding checks.........................(2,000)Balance per books..........................................$ 6,540

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Instructions

a. Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.

b. Prepare the general journal entry or entries to correct the Cash account.

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Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-1119503668

17th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel

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