general accounting question 425652
Aug 29, 2021 | Uncategorized
| POST INC. BANK RECONCILIATION |
| Cash balance per bank |
$8,200 |
| Cash balance per books (general ledger) |
$6,500 |
| Outstanding checks |
$2,460 |
| Check mailed to the bank for deposit had |
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| not reached the bank by the statement |
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| date. |
$500 |
| NSF check returned by the bank for |
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| accounts receivable |
$100 |
| July interest earned on the bank statement |
$20 |
| Check no. 700 for misc. expense cleared |
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| the bank for $200; erroneously recorded |
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| in our books for $20 |
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| Prepare a bank reconciliation. |
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| Shown the accounting entries that must be made by |
| Matrix Inc. in journal entry and T Account format. |
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