Pinter Company employs the voucher system in controlling expenditures and disbursements. All cash receipts are deposited...

   

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Pinter Company employs the voucher system in controlling expenditures and disbursements. All cash receipts are deposited each Wednesday and Friday in a night, depository after banking hours. The data required to reconcile the bank statement as of April 30 have been abstracted from various documents and records and are reproduced as follows. To facilitate identification, the sources of the data are printed in capital letters. CASH IN BANK ACCOUNT: Balance as of April 1 CASH RECEIPTS JOURNAL: Total of Cash in Bank Debit column for month of April. DUPLICATE DEPOSIT TICKETS: Date and amount of each deposit in April: Amount $848.63 914.04 840.50 Date April 1 3 8 CHECK REGISTER: Number and amount of each check issued in April: Check No. Date April 10 15 17 Check Nc. Amount $287.50 747 555.15 748 501.90 749 671.30 750 506.88 751 117.25 752 298.66 753 Total amount of checks issued in April..... 740 741 742 743 744 745 746 Amount $971.71 957.85 946.74 Amount Void $490.90 640.13 376.77 299.37 537.01 380.95 Date April 22 24 29 $7,817.40 Check No. 754 755 756 757 758 759 760 7,829.58 Amount $897.34 942.71 510.06 Amount $249.75 172.75 113.95 907.95 359.60 601.50 486.39 $8.555.66 APRIL BANK STATEMENT: Balance as of April 1. Deposits and other credits.. Checks and other debits. Balance as of April 30.. Date and amount of each deposit in July: Amount Date April 1 2 4 Date April 9 11 16 CHECKS ACCOMPANYING JULY BANK STATEMENT: Number and amount of each check, rearranged in numerical sequence: Check No. Amount Check No. Amount $506.88 117.25 298.66 490.90 731 738 739 740 741 742 743 Date April 4 $690.25 848.63 914.04 24 30 $162.15 251.40 60.55 287.50 555.15 501.90 671.30 744 745 746 748 749 750 Amount $840.50 971.71 975 85 BANK MEMORANDUMS ACCOMPANYING APRIL BANK STATEMENT: Date, description, and amount of each memorandum: Description Bank credit memo for note collected: Principal... Interest. Bank debit memo for check returned because of insufficient funds... Bank debit memo for service charges BANK RECONCILIATION FOR PRECEDING MONTH: 640.13 376.77 Pinter Corporation Bank Reconciliation March 31, 19-- Balance per bank statement..... Add deposit for March 31, not recorded by bank Date April 18 23 25 Check No. 751 752 753 754 756 757 760 $7.947.20 10.652.77 (8.232.21) $10.367.76 Amount $946.74 897.34 942.71 Amount $299.37 537.01 380.95 249.75 113.95 907.95 486.39 Amount $2,500.00 125.00 311.80 24.50 $7,947.20 690.25 $8,637.45 Deduct outstanding checks: No. 731 736. 738 739. ****** Adjusted balance.. Balance per depositor's records Deduct service charges. Adjusted balance..... Instructions: $162.15 345.95 251.40 60.55 820.05 $7,817,40 $7,832.50 15.10 $7,817,40 (1) Prepare a bank reconciliation as of April 30. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales. All checks are in payment of vouchers. (2) Record the necessary entries in general journal form. The accounts have not been closed. (3) What is the amount of cash in bank that should appear on the balance sheet as of April 30? Pinter Company employs the voucher system in controlling expenditures and disbursements. All cash receipts are deposited each Wednesday and Friday in a night, depository after banking hours. The data required to reconcile the bank statement as of April 30 have been abstracted from various documents and records and are reproduced as follows. To facilitate identification, the sources of the data are printed in capital letters. CASH IN BANK ACCOUNT: Balance as of April 1 CASH RECEIPTS JOURNAL: Total of Cash in Bank Debit column for month of April. DUPLICATE DEPOSIT TICKETS: Date and amount of each deposit in April: Amount $848.63 914.04 840.50 Date April 1 3 8 CHECK REGISTER: Number and amount of each check issued in April: Check No. Date April 10 15 17 Check Nc. Amount $287.50 747 555.15 748 501.90 749 671.30 750 506.88 751 117.25 752 298.66 753 Total amount of checks issued in April..... 740 741 742 743 744 745 746 Amount $971.71 957.85 946.74 Amount Void $490.90 640.13 376.77 299.37 537.01 380.95 Date April 22 24 29 $7,817.40 Check No. 754 755 756 757 758 759 760 7,829.58 Amount $897.34 942.71 510.06 Amount $249.75 172.75 113.95 907.95 359.60 601.50 486.39 $8.555.66 APRIL BANK STATEMENT: Balance as of April 1. Deposits and other credits.. Checks and other debits. Balance as of April 30.. Date and amount of each deposit in July: Amount Date April 1 2 4 Date April 9 11 16 CHECKS ACCOMPANYING JULY BANK STATEMENT: Number and amount of each check, rearranged in numerical sequence: Check No. Amount Check No. Amount $506.88 117.25 298.66 490.90 731 738 739 740 741 742 743 Date April 4 $690.25 848.63 914.04 24 30 $162.15 251.40 60.55 287.50 555.15 501.90 671.30 744 745 746 748 749 750 Amount $840.50 971.71 975 85 BANK MEMORANDUMS ACCOMPANYING APRIL BANK STATEMENT: Date, description, and amount of each memorandum: Description Bank credit memo for note collected: Principal... Interest. Bank debit memo for check returned because of insufficient funds... Bank debit memo for service charges BANK RECONCILIATION FOR PRECEDING MONTH: 640.13 376.77 Pinter Corporation Bank Reconciliation March 31, 19-- Balance per bank statement..... Add deposit for March 31, not recorded by bank Date April 18 23 25 Check No. 751 752 753 754 756 757 760 $7.947.20 10.652.77 (8.232.21) $10.367.76 Amount $946.74 897.34 942.71 Amount $299.37 537.01 380.95 249.75 113.95 907.95 486.39 Amount $2,500.00 125.00 311.80 24.50 $7,947.20 690.25 $8,637.45 Deduct outstanding checks: No. 731 736. 738 739. ****** Adjusted balance.. Balance per depositor's records Deduct service charges. Adjusted balance..... Instructions: $162.15 345.95 251.40 60.55 820.05 $7,817,40 $7,832.50 15.10 $7,817,40 (1) Prepare a bank reconciliation as of April 30. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales. All checks are in payment of vouchers. (2) Record the necessary entries in general journal form. The accounts have not been closed. (3) What is the amount of cash in bank that should appear on the balance sheet as of April 30?

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