The accountant at Maslmani co. prepared the following bank reconciliation at the end of August 2020....

 

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The accountant at Maslmani co. prepared the following bank reconciliation at the end of August 2020. Maslmani Co. Bank reconciliation August.31.2020 Cash balance per bank $15,260 Add: Deposit in transit 1,570 error correction 1,660S less: outstanding checks (2,600) 90 Adjusted cash balance per bank $14,320 Cash balance per book 17,000 Add: Debit memo of bank service charge for printing checks Credit memo of note receivable collection 200 970 1,170 Adjusted cash balance per book 18,170 As noted above, the adjusted cash balance per bank didn't equal the adjusted cash balance per book. Which indicated that some mistakes were done by the accountants. The following are information that may help you in detecting these mistakes. 1. The balance per bank before adjustment at 31. August is 17,000 and the balance per books before adjustment at the same date is 15,260$. 2. There is a transposition error in the deposit in transit, the correct amount is 1,750$ 3. The error is related to a check paid during august, the check was correctly recorded by the company with a value of 870. But the bank has incorrectly debited Maslmani account with an amount of 780. 4. Interest collected on the note per bank statement at august 31 is 30$, this amount was not included in the bank reconciliation by the company at the end of august. Based on the previous information , Find the following amounts: The cash balance per bank before adjustment at August 31 is The correct amount of DIT at August 31 ( please 2 use signs +/- next to the number) The correct amount of error correction ( please use 3 signs +/- next to the number) The correct amount of OSC (outstanding checks) 4 at August 31 ( please use signs +/- next to the number) 5 The adjusted cash balance per bank at August 31 The cash balance per book before adjustment at August 31 is , The correct amount of Bank service charge DM ( please use signs +/- next to the number) The correct total amount collected by the bank ( please use signs +/- next to the number) 9 The adjusted cash balance per book at August 31 Write the correcting entry recorded by Maslamani 10 co. relating the error 11 Write the required journal entry relating to the SC Write the required journal entry relating to the 12 collection of Note receivable The accountant at Maslmani co. prepared the following bank reconciliation at the end of August 2020. Maslmani Co. Bank reconciliation August.31.2020 Cash balance per bank $15,260 Add: Deposit in transit 1,570 error correction 1,660S less: outstanding checks (2,600) 90 Adjusted cash balance per bank $14,320 Cash balance per book 17,000 Add: Debit memo of bank service charge for printing checks Credit memo of note receivable collection 200 970 1,170 Adjusted cash balance per book 18,170 As noted above, the adjusted cash balance per bank didn't equal the adjusted cash balance per book. Which indicated that some mistakes were done by the accountants. The following are information that may help you in detecting these mistakes. 1. The balance per bank before adjustment at 31. August is 17,000 and the balance per books before adjustment at the same date is 15,260$. 2. There is a transposition error in the deposit in transit, the correct amount is 1,750$ 3. The error is related to a check paid during august, the check was correctly recorded by the company with a value of 870. But the bank has incorrectly debited Maslmani account with an amount of 780. 4. Interest collected on the note per bank statement at august 31 is 30$, this amount was not included in the bank reconciliation by the company at the end of august. Based on the previous information , Find the following amounts: The cash balance per bank before adjustment at August 31 is The correct amount of DIT at August 31 ( please 2 use signs +/- next to the number) The correct amount of error correction ( please use 3 signs +/- next to the number) The correct amount of OSC (outstanding checks) 4 at August 31 ( please use signs +/- next to the number) 5 The adjusted cash balance per bank at August 31 The cash balance per book before adjustment at August 31 is , The correct amount of Bank service charge DM ( please use signs +/- next to the number) The correct total amount collected by the bank ( please use signs +/- next to the number) 9 The adjusted cash balance per book at August 31 Write the correcting entry recorded by Maslamani 10 co. relating the error 11 Write the required journal entry relating to the SC Write the required journal entry relating to the 12 collection of Note receivable

Answer rating: 100% (QA)

DATE PAGE No The Cash Balance per adjustmentat Bank Befooe 31 is 17000 The commect amount of DIT a... View the full answer