In this project you are the controller for Cal$$s Carwash and you will need to prepare

the June $2020$ bank reconciliation. In order to prepare you will need $($and are supplied

with$).$ The June check register. You will need the check register so you will have the

ending cash balance for Cal$$s Carwash. You will also have a list of all of the checks

written and deposits made during the month of June.

You will also need $($and are provided$)$ the May $2020$ bank reconciliation. You will

need this so you will have a list of the outstanding checks and deposits in transit from

the month of May.

You are also provided the June $2020$ bank statement.

You have a separate answer sheet where you are to provide the answers to this

project. On the answer sheet you will:

$1)$ Provide an adjusted book balance

$2)$ Provide an adjusted bank balance $($and of course these two amounts must equal,

i$.$e$.,$ reconcile$)$

$3)$ In the adjustments you will need to explain what your adjustments $($if any$)$ are.

You will not need to explain the outstanding checks and deposits in transit. However,

you will have to provide a detail listing of both for the month of June.

$4)$ For every adjustment you make to the book balance you will need to record a

journal entry. The accounts you may use are cash, interest income, revenues, utility

expense, supplies, phone expense. Any errors that you encounter will be considered

to be errors made by Cal$$s Carwash and the journal entry to correct the error will be

posted to miscellaneous expense.

$05/31/2020$

General Account

Unadjusted book balance $535,750$

Bank Adjustments: Credit Memos $5,000$

Bank Adjustments: Debit Memos $-8,624$

Adjusted book balance $532,126$

Balance per bank statement $$449,978$

Add Deposits in transit $168,033$

Deduct O$/$S Checks $-85,885$

Adjustment to Balance

Adjusted bank balance $532,126$

Outstanding Checks

Date Check Amount

$5/25/20203582$ $$4,850$

$5/28/20203583$ $$3\mathrm{.}590$

$5/28/20203584$ $$10,850$

$5/29/20203585$ $$12,050$

$5/30/20203586$ $$1,585$

$5/31/20203587$ $$25,460$

$5/31/20203588$ $$14,850$

$5/31/20203589$ $$12,650$

$$85,885$

Deposits in Transit

$5/30/2020$ $$35,475$

$5/31/2020$ $$132,558$

$$168,033$

Statement Period $6-1-2020$ THRU $6-30-2020$

Your Previous Balance $$449,978$

Additions $7$ Deposits $+1,325,258$

$1$ Other Credit $+4,000$

Interest Earned this Period $+1,500$

Deductions $25$ Checks $-1,486,200$

$5$ Other Debits $-22,545$

Your Current Balance $$271,991$

Deposits to Your Account

Date Amount Date Amount

$5/30/202035,4756/17/2020268,123$

$5/31/2020132,5586/20/2020275,268$

$6/10/2020255,3506/25/2020108,384$

$6/15/2020250,100$

Other Credits and Interest to Your Account

Date Amount Description

$6/15/20201,500$ Interest

$6/18/20204,000$ CM $-$ Brite Cleaners

Checks Paid from Your Account

Check Date Amount Check Date Amount

$35866/02/201,58535896/17/2012,650$

$35876/03/2025,46036036/18/2012,185$

$35826/03/204,85036046/19/2064,149$

$35916/05/20130,15536066/20/2035,189$

$35986/06/2078,36535836/22/203,590$

$35976/09/2011,16935846/24/2010,850$

$35996/09/20112,50036076/24/2032,198$

$36026/10/2065,15435926/25/2085,625$

$35906/11/2065,62035946/28/2050,250$

$36126/13/2083,12535956/28/2048,000$

$35936/15/2074,23536016/30/2042,154$

$36106/16/202,58636056/30/20194,582$

$35886/16/2014,85035966/30/20225,124$

Other Debits to Your Account

Date Amount Description

$6/13/207,352$ Utilities

$6/15/201,940$ Verizon

$6/15/202,452$ AutoZone

$6/22/206,485$ Wal$-$Mart

$6/28/204,316$ Autozone

Balance By Date

Date Balance Date Balance

$6/5/20324,2606/22/20272,822$

$6/6/20320,7286/23/20329,267$

$6/9/20355,4356/26/20278,337$

$6/10/20286,4216/27/20373,801$

$6/11/20216,7876/28/20311,512$

June $2020$ Check Register

Beginning Cash Balance $$532,126$

Check # Date Amount

$359006/01/2065,620$

$359106/03/20130,155$

$359206/05/2085,625$

$359306/07/2074,235$

$359406/08/2050,250$

$359506/09/2048,000$

$359606/11/20225,124$

$359706/13/2011,169$

$359806/15/2078,365$