At March 31, the balance of the Cash account according to the records of Mukhailov ledse...

  

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At March 31, the balance of the Cash account according to the records of Mukhailov ledse Company was $7,251. The March 31 bank statement showed a balance of $8.798. You are to prepare the bank reconciliation of Mukhailov Company at March 31, using the following supplementary information and as per the given format: (a.) Deposit in transit at March 31, $6,772. (b) Outstanding checks: no. 120, $140: no. 121, $932; no. 127, $307; no. 134, $2,200. (c) Service charge by bank, $50. (d.) A note receivable for $5.050 left by Mukhailov Company with bank for collection that had been collected and credited to company's account. No interest involved. (Already given for you below) (e.) A check for $90 drawn by a customer, Goss, but deducted from Mukhailov's account by the bank and returned with the notation "NSE." (f) Weber's check no. 480, issued in payment of $970 worth of office equipment, correctly written in the amount of $970 but erroneously recorded in Mukhailov's accounting records as $790. #480-1970 4127 B4 Adjusted balance 710 180 Balance per bank statement, March 31, 2018 Add: Deduct: $120 2 Balance per depositor's records Add: Note Receivable Collected by bank Deduct: NSF 480 970 Adjusted balance (as above) Mukhailov Company Bank Reconciliation March 31, 2018 SP 198 6772 3579 140 ૧૩મ 307 2,200 $3579 11991 $7261 $5,050 19 180 C $ 12311 or 125 At March 31, the balance of the Cash account according to the records of Mukhailov ledse Company was $7,251. The March 31 bank statement showed a balance of $8.798. You are to prepare the bank reconciliation of Mukhailov Company at March 31, using the following supplementary information and as per the given format: (a.) Deposit in transit at March 31, $6,772. (b) Outstanding checks: no. 120, $140: no. 121, $932; no. 127, $307; no. 134, $2,200. (c) Service charge by bank, $50. (d.) A note receivable for $5.050 left by Mukhailov Company with bank for collection that had been collected and credited to company's account. No interest involved. (Already given for you below) (e.) A check for $90 drawn by a customer, Goss, but deducted from Mukhailov's account by the bank and returned with the notation "NSE." (f) Weber's check no. 480, issued in payment of $970 worth of office equipment, correctly written in the amount of $970 but erroneously recorded in Mukhailov's accounting records as $790. #480-1970 4127 B4 Adjusted balance 710 180 Balance per bank statement, March 31, 2018 Add: Deduct: $120 2 Balance per depositor's records Add: Note Receivable Collected by bank Deduct: NSF 480 970 Adjusted balance (as above) Mukhailov Company Bank Reconciliation March 31, 2018 SP 198 6772 3579 140 ૧૩મ 307 2,200 $3579 11991 $7261 $5,050 19 180 C $ 12311 or 125

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1 Bank Reconciliation Unadjusted Bank Balance March 31 Add Deposit outstanding as of MArch 31 Ded... View the full answer