+ The cash balances per books for the Jackson Company on November 30, 2002 and December...

 

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+ The cash balances per books for the Jackson Company on November 30, 2002 and December 31, 2003, are $3,625 and $10,967 respectively. The following checks and receipts were recorded on the books for the month of December 2003: Checks Receipts No. Amount No. Amount Amount Date 17 $3,503 22 $ 425 $ 27,300 12/05 18 5,505 23 9,300 15,000 12/21 19 740 24 575 3,200 12/27 20 12,500 25 7,555 2,150 12/31 21 205 In addition, the bank statement for the month of December is presented below: Balance: Deposits and Credits Checks and Debits Balance Last Statement No. Total Amount No. Total Amount This Statement $3,231 5 $48,000 11 $42,380 $8,851 Checks and other debits No. Amount No. Amount No. Amount Deposits Date Balance 14 605 19 740 1,200 12/01 $3,086 18 5,595 24 575 23 9,300 27,300 12/08 $14,916 17 3,503 25 7,555 1,300 12/15 $5,158 20 12,500 1,545 DM 15,000 12/23 $6,113 440 NSF 22 SC 3,200 12/31 $8,851 Symbols: NSF (Not sufficient fundaSC (Service charge) CM (Credit Memo) DM (Debit Memo) 5 All outstanding checks from November cleared the bank in December except for check #15 for $201. Check #18 for equipment was correctly recorded by the bank. The NSF check was from A. Claude, a customer, in settlement of an account receivable. An entry has not been made for the NSF check. Included in the bank's deposits is a $1,300 deposit incorrectly credited to the company's account. The deposit should have been posted to the credit of Meson Company. The debit memo is for the collection of a note payable including interest of $45 that has been accrued. The bank service charge is $22.00. Instructions Prepare a bank reconciliation at December 31. Bank's cash balance Banks Cash Balance Per bank statement $8,851 # 15 check -201 #21 #22. +205 +425 Cash receipt +2,150 Bank reconciliation. December 31, 2003 Company's cash balance Company Cash Balance Per general ledger $10,967 NSF Check. -440 SF -22 Bank error -1,300 Correct error -90 Received Note payable LS45 # 14. +605 -1,200 Bank balance per reconciliation $11,430 Company balance per reconciliation $10,065 + The cash balances per books for the Jackson Company on November 30, 2002 and December 31, 2003, are $3,625 and $10,967 respectively. The following checks and receipts were recorded on the books for the month of December 2003: Checks Receipts No. Amount No. Amount Amount Date 17 $3,503 22 $ 425 $ 27,300 12/05 18 5,505 23 9,300 15,000 12/21 19 740 24 575 3,200 12/27 20 12,500 25 7,555 2,150 12/31 21 205 In addition, the bank statement for the month of December is presented below: Balance: Deposits and Credits Checks and Debits Balance Last Statement No. Total Amount No. Total Amount This Statement $3,231 5 $48,000 11 $42,380 $8,851 Checks and other debits No. Amount No. Amount No. Amount Deposits Date Balance 14 605 19 740 1,200 12/01 $3,086 18 5,595 24 575 23 9,300 27,300 12/08 $14,916 17 3,503 25 7,555 1,300 12/15 $5,158 20 12,500 1,545 DM 15,000 12/23 $6,113 440 NSF 22 SC 3,200 12/31 $8,851 Symbols: NSF (Not sufficient fundaSC (Service charge) CM (Credit Memo) DM (Debit Memo) 5 All outstanding checks from November cleared the bank in December except for check #15 for $201. Check #18 for equipment was correctly recorded by the bank. The NSF check was from A. Claude, a customer, in settlement of an account receivable. An entry has not been made for the NSF check. Included in the bank's deposits is a $1,300 deposit incorrectly credited to the company's account. The deposit should have been posted to the credit of Meson Company. The debit memo is for the collection of a note payable including interest of $45 that has been accrued. The bank service charge is $22.00. Instructions Prepare a bank reconciliation at December 31. Bank's cash balance Banks Cash Balance Per bank statement $8,851 # 15 check -201 #21 #22. +205 +425 Cash receipt +2,150 Bank reconciliation. December 31, 2003 Company's cash balance Company Cash Balance Per general ledger $10,967 NSF Check. -440 SF -22 Bank error -1,300 Correct error -90 Received Note payable LS45 # 14. +605 -1,200 Bank balance per reconciliation $11,430 Company balance per reconciliation $10,065