Problem $6-20$A $($Algo$)$ Adjustments to the cash account based on the bank reconciliation LO $6-3$

The following items were included in Wong Company's January Year $1$ bank reconciliation.

Required:

Determine whether each item will require adjustments to the book balance of Wong's cash account and indicate the amount of any necessary adjustment.

Note: Amounts to be deducted should be indicated with a minus sign.

Service charges of $$40$ for the month of January were listed on the bank statement.

The bank charged a $$465$ check drawn on Wing Restaurant to Wong$$s account. The check was included in Wong$$s bank statement.

A check of $$82$ was returned to the bank because of insufficient funds and was noted on the bank statement. Wong received the check from a customer and thought that it was good when it was deposited into the account.

A $$923$ deposit was recorded by the bank as $$932.$

Four checks totaling $$920$ written during the month of January were not included with the January bank statement.

A $$76$ check written to OfficeMax for office supplies was recorded as $$67.$

The bank statement indicated that the bank had collected a $$562$ note for Wong.

Wong recorded $$874$ of receipts on January $31,$ Year $1,$ which were deposited in the night depository of the bank. These deposits were not included in the bank statement.ACCT $2101$ : Problem $6-20$A $($Algo$)$ Adjustments to the cash account based on the bank reconciliation LO $6-3$

The following items were included in Wong Company's January Year $1$ bank reconciliation.

Required:

Determine whether each item will require adjustments to the book balance of Wong's cash account and indicate the amount of any necessary adjustment.

Note: Amounts to be deducted should be indicated with a minus sign.

Service charges of $$40$ for the month of January were listed on the bank statement.

The bank charged a $$465$ check drawn on Wing Restaurant to Wong$$s account. The check was included in Wong$$s bank statement.

A check of $$82$ was returned to the bank because of insufficient funds and was noted on the bank statement. Wong received the check from a customer and thought that it was good when it was deposited into the account.

A $$923$ deposit was recorded by the bank as $$932.$

Four checks totaling $$920$ written during the month of January were not included with the January bank statement.

A $$76$ check written to OfficeMax for office supplies was recorded as $$67.$

The bank statement indicated that the bank had collected a $$562$ note for Wong.

Wong recorded $$874$ of receipts on January $31,$ Year $1,$ which were deposited in the night depository of the bank. These deposits were not included in the bank statement.