6. 7. The bank statements and the company's cash records show that 5. Total cash receipts...

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6. 7. The bank statements and the company's cash records show that 5. Total cash receipts in December per Emerald's books:$488,994 Total receipts in December per bank statement: $498,216 Customer's check deposited Dec 10, returned by bank on Dec 15 marked NSF (not sufficient funds), and re-deposited immediately, no entry made on books for return or redeposit: $16,500 8. December bank service charge was not recorded: $120 Cash account balance (per ledger) 2. Bank statement balance 3. Deposit in transit 4. Outstanding checks a. (In US dollars) 9. Interest charged by the bank for the month of December, but not recorded: $780 10. Proceeds of a note of Golden Bears Company were collected by the bank for Emerald on December 27 but not entered on the books: $2,080 including the principal of $2.000 and the interest of $80 Required: b. Nov 30 175,130 214,164 16,402 55,436 C Dec 31 Prepare a bank reconciliation the month ended Dec 31, 2015. Prepare a four-column proof of cash for the month ended Dec 31, 2015. Prepare all adjusting entries. EX 2-6: The auditors of Steffey Ltd.., decided to study the cash receipts and disbursements for the month of July of the current year under audit. They obtained the bank reconciliations and the cash journals prepared by the company accountants, which revealed the following: § June 30: Bank balance, $355,001; deposits in transit, $86,899; outstanding checks, $42.690; general ledger cash balance. $399,210. 5 July 1: Cash receipts journal, S650,187; cash disbursements journal, $565,397. 5 July 31: Bank balance, $506,100; deposits in transit, $51,240; outstanding checks. $73,340; general ledger cash balance, $484,000. Bank statement record of deposits: $835,846; of payments: $684,747. Required: Prepare a four-column proof of cash covering the month of July of the current year. Identify problems, if any. 217,710 253 354 25.760 60,224 6. 7. The bank statements and the company's cash records show that 5. Total cash receipts in December per Emerald's books:$488,994 Total receipts in December per bank statement: $498,216 Customer's check deposited Dec 10, returned by bank on Dec 15 marked NSF (not sufficient funds), and re-deposited immediately, no entry made on books for return or redeposit: $16,500 8. December bank service charge was not recorded: $120 Cash account balance (per ledger) 2. Bank statement balance 3. Deposit in transit 4. Outstanding checks a. (In US dollars) 9. Interest charged by the bank for the month of December, but not recorded: $780 10. Proceeds of a note of Golden Bears Company were collected by the bank for Emerald on December 27 but not entered on the books: $2,080 including the principal of $2.000 and the interest of $80 Required: b. Nov 30 175,130 214,164 16,402 55,436 C Dec 31 Prepare a bank reconciliation the month ended Dec 31, 2015. Prepare a four-column proof of cash for the month ended Dec 31, 2015. Prepare all adjusting entries. EX 2-6: The auditors of Steffey Ltd.., decided to study the cash receipts and disbursements for the month of July of the current year under audit. They obtained the bank reconciliations and the cash journals prepared by the company accountants, which revealed the following: § June 30: Bank balance, $355,001; deposits in transit, $86,899; outstanding checks, $42.690; general ledger cash balance. $399,210. 5 July 1: Cash receipts journal, S650,187; cash disbursements journal, $565,397. 5 July 31: Bank balance, $506,100; deposits in transit, $51,240; outstanding checks. $73,340; general ledger cash balance, $484,000. Bank statement record of deposits: $835,846; of payments: $684,747. Required: Prepare a four-column proof of cash covering the month of July of the current year. Identify problems, if any. 217,710 253 354 25.760 60,224

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To prepare the bank reconciliation for Emerald Company for the month ended Dec 31 2015 and a fourcolumn proof of cash for the same period well start b... View the full answer