Steeler's Huff Company is being audited. The auditor gathers pertinent information to prepare the bank reconciliation...
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Steeler's Huff Company is being audited. The auditor gathers pertinent information to prepare the bank reconciliation and find the following: Balance per books $ 57,069.46 a. b. Balance per bank statement $91,182.13 $ 34,578.80 $ 5,317.20 С. Outstanding checks, 12/31 d. Receipts from 12/31, deposited 1/1 Service charge for December Proceeds on bank loan, 12/5/2019, omitted from company е. $ 15.00 f. records (discounted for 3 months at 12% interest). $11,640.00 g. Deposit of 12/20 omitted from bank statement $ 2,892.41 Check of Riviera Products charged back on 12/24/19. Redeposited 1/5/20. No entry made for chargeback or h. redeposit. $ 873.74 i. Bank recorded a deposit of $3,182.40 as $3,181.40. j. Puff Check #4001 charged in error to Huff acct $ 2,690.00 k. Note collected by bank, $2550 (includes interest of $50) I. Fee for collecting note $ 10.00 Bank charged account $5,000 for collection of note payable that m. had already been paid. Bank recorded a deposit on 12/4 as $4,817.10 that should have been $4,8007.10 n. Puff deposit erroneously recorded in Huff bank account by o. bank $ 2,133.20 Prepare the bank reconciliation and any required journal entries. Steeler's Huff Company is being audited. The auditor gathers pertinent information to prepare the bank reconciliation and find the following: Balance per books $ 57,069.46 a. b. Balance per bank statement $91,182.13 $ 34,578.80 $ 5,317.20 С. Outstanding checks, 12/31 d. Receipts from 12/31, deposited 1/1 Service charge for December Proceeds on bank loan, 12/5/2019, omitted from company е. $ 15.00 f. records (discounted for 3 months at 12% interest). $11,640.00 g. Deposit of 12/20 omitted from bank statement $ 2,892.41 Check of Riviera Products charged back on 12/24/19. Redeposited 1/5/20. No entry made for chargeback or h. redeposit. $ 873.74 i. Bank recorded a deposit of $3,182.40 as $3,181.40. j. Puff Check #4001 charged in error to Huff acct $ 2,690.00 k. Note collected by bank, $2550 (includes interest of $50) I. Fee for collecting note $ 10.00 Bank charged account $5,000 for collection of note payable that m. had already been paid. Bank recorded a deposit on 12/4 as $4,817.10 that should have been $4,8007.10 n. Puff deposit erroneously recorded in Huff bank account by o. bank $ 2,133.20 Prepare the bank reconciliation and any required journal entries.
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Huff Company Bank Reconciliation Particulars Amount Amount Balance as p... View the full answer
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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