The cash account for Samson Supplies Co. at April 30, 2014, indicated a balance of $18,885. The
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Question:
a) Cheques outstanding totaled $7,840
b) A deposit of $3,580, representing receipts on April 30, had been made too late to appear on the bank statement.
c) The bank collected $3,780 on a note left for collection. The face of the note was $3,600.
d) A cheque for $770 returned with the statement had been incorrectly recorded by Samson Supplies Co. as $700. The cheque was for the payment of an obligation to Copelin Co. for a purchase on account.
e) A cheque drawn for $330 had been erroneously charged by the bank as $3,300.
f) Bank service charges for April amounted to $110.
a) Prepare a bank reconciliation statement for Samson Supplies Co., at April 30.
b) Journalize the necessary entries. Assume that the accounts have not been closed.
c) State the amount of cash that should be included in the balance sheet at April 30.
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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