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At December 31 the cash balance per books of Heinisch Company was $12,485.20, and the cash balance per the...

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At December 31 the cash balance per books of Heinisch Company was $12,485.20, and the cash balance per the bank statement was $20,154.30. The bank did not make any errors, but two errors were made by Heinisch Company The December bank statement for Heinisch Company showed the following checks and deposits. Bank Statement ec Deposits Date 12-7 12-4 12-8 12-31 Number Amount 3472 Date 12-4 12-16 12-21 12-30 Amount 1,211.60 2,672.70 2,954.00 1,025.00 3474 1,426.80 3475 3479 1,640.70 1,300.00 450.80 The cash records per books for December showed the following cash payments and receipts. Date Check Number Amount 12-1 12-1 12-1 12-1 12-2 12-4 12-17 12-23 12-24 12-30 Cash deposited Date 12-3 12-15 12-20 12-30 12-31 Amount 720.10 1,426.80 1,050.00 1,640.70 1,300.00 621.30 807.40 798.00 540.80 1,889.50 $1,211.60 2,672.70 2,945.00 1,025.00 1,190.40 3471 3472 3473 3474 3475 3476 3477 3478 3479 3480 In addition, the bank statement contains the following items: 1. The collection of a $3,500 note and $145 of interest less a collection fee of $20 from a customer of Heinisch Company. 2. A NSF check of $725.80 written by D. Chagnon, a customer. At December 31, the check had not been redeposited in the bank. 3. Bank service charge of $25. Required 1. Prepare bank reconciliation at December 31. 2. Prepare the required journal entries based on the reconciliation. Omit explanations. 

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At December 31 the cash balance per books of Heinisch Company was $12,485.20, and the cash balance per the bank statement was $20,154.30. The bank did not make any errors, but two errors were made by Heinisch Company. The December bank statement for Heinisch Company showed the following checks and deposits. Bank Statement Checks Date 12-7 Deposits Date 12-4 Number Amount 1,426.80 1,640.70 1,300.00 Amount 1,211.60 2,672.70 2,954.00 1,025.00 3472 12-4 3474 12-16 12-21 12-8 3475 12-31 3479 450.80 12-30 The cash records per books for December showed the following cash payments and receipts. Cash Payments Check Number Amount Cash deposited Date Date 12-3 Amount S1,211.60 12-1 3471 720.10 12-15 2,672.70 2,945.00 1,025.00 1,190.40 12-1 3472 1,426.80 1,050.00 1,640.70 1,300.00 621.30 807.40 12-20 12-30 12-1 3473 12-1 3474 12-2 3475 12-31 3476 3477 12-4 12-17 798.00 3478 3479 12-23 12-24 540.80 12-30 3480 1,889.50 In addition, the bank statement contains the following items: I. The collection of a $3,500 note and S145 of interest less a collection fee of $20 from a customer of Heinisch Company. 2. A NSF check of $725.80 written by D. Chagnon, a customer. At December 31, the check had not been redeposited in the bank. 3. Bank service charge of $25. Required: 1. Prepare bank reconciliation at December 31. 2. Prepare the required journal entries based on the reconciliation. Omit explanations.

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Horngrens Accounting

ISBN: 978-0133855371

10th Canadian edition Volume 1

Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo-Ann L. Johnston, Peter R. Norwood

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Posted Date: November 14, 2020 22:00:39
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