An accountant for Harry Butterfield Apartments has the following data available to him.
1. The balance in the general ledger Cash account was $4,127.19 as of August 31.
2. Total cash receipts for the month of September amounted to $22,401.03.
3. Cash disbursements for the month of September amounted to $21,071.13.
4. On September 30 the company had cash receipts of $750.20. This money was placed in the bank’s night deposit box that evening and wasn’t listed on the September bank statement.
5. The bank statement as of September 30 indicated a bank balance of $10,239.40.
6. A credit of $357.20 appearing on the bank statement represented a deposit made at the bank by Harry Batterfield and credited in error to Harry Butterfield.
7. The bank statement showed a deposit credit of $2,500 on September 27. This credit represented a loan from the bank which hadn’t been recorded on the company’s books as of September 30.
8. Included with the September bank statement was a debit memorandum from the bank for $14.30 representing service charges for September which hadn’t been recorded by the company.
9. Examination of the canceled checks included with the bank statement indicated that the following checks hadn’t as yet been paid by the bank.
#2043 129
#2097 316
#3012 424
#3013 280
#3014 222
10. A $200.00 check of Carl Elkins, a customer, was marked NSF and returned by the bank with the September bank statement. No entry has as yet been made in the company’s records to show the bank’s action on September 29, which was to charge the NSF check against Harry Butterfield’s account balance.
11. By comparing the canceled checks returned by the bank with the entries in the cash payments journal, it was discovered that check No. 2002 for $724.19, issued on September 9 in payment for office equipment, had been incorrectly entered in the cash payments journal as $742.19.
12. On September 30 the bank collected a $1,500 noninterest-bearing note for Harry Butterfield Apartments. This transaction hadn’t as yet been recorded in the company’s books.
REQUIRED:
Prepare a bank reconciliation as of September 30. Then complete questions 1 through 4
1. The adjusted cash balance is
A. $8,510.99. C. $9,260.79.
B. $8,903.59. D. $10,632.40.
2. Additions to the balance per books total
A. $1,518.00. C. $4,232.30.
B. $4,018.00. D. $5,389.61.
3. The total deductions from the balance per bank statement are
A. $357.20. C. $1,371.61.
B. $1,107.40. D. $1,728.81.
4. Based on the bank reconciliation, one of the adjusting entries needed as of September 30 is
A. Accounts Receivable 200.00
Cash 200.00
B. Cash 14.30
Service Charges 14.30
C. Cash 750.20
Accounts Receivable 750.20
D. Accounts Payable 357.20
Cash 357.20
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our Services
Custom Writings Help is a Quality-Oriented Company in Online Writing as a result of hiring exceptional professionals to execute clients' tasks.
Essays
At Custom Writings Help,We understand the struggle of research paper writing, and that is why at Custom WritingS Help, we are all out to help you. We pride ourselves on having a team of clinical writers. The stringent and rigorous vetting process ensures that only the 'BEST' Writers are chosen for the job. We have highly qualified Ph.D. and MA writers working with us; we equally offer these experienced writers specific bonuses and incentives to make them deliver highly original, unique, and informative content at reasonably low prices.
Admissions
Thesis Writing Service
Worlwide, Many Masters Students are struggling with Thesis Completion. A thesis is likely to be the longest and most challenging piece of work a student has ever completed. However, unlike essays and other assignments, a student can pick a particular interest topic and work on their initiative. Fortunately, we are there for you. At Custom Writings Help, you are assured of an authentic, imaginative, informative, linguistically great, and advantageous thesis that adheres to all your needs. So, why continue considering different writers when you have discovered the best in the field?
Editing
Custom Papers
Not a single student can avoid writing custom papers. However, a total lack of experience, skills, and time makes it very hard to produce a superb writing piece. Therefore, if you are seeking professional help, turn to us. Our specialized and experienced writers compose a variety of model papers, including custom essays, college term papers, research papers, book reports, MBA essays, executive summaries, dissertations, Ph.D. theses, admission essays, and research proposals for college and university students at any level.
Coursework
Essay Writing
Most of the students disregard the critical principles of essay writing and compose papers below sensible guidelines. Therefore, with Custom Writings Help, one should not worry about his/her essay. Our Writers compose informative and engaging content on all complexities and topics. We write meaningful and smart essays while prioritizing all aspects that bring about a good grade, such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines.
Coursework
Coourse Work Writing
Don't let the seemingly never-ending onslaught of writing assignments get you down. If you are looking where to get course work assistance online, the writers at Custom Writings Help are here to assist you with all of your writing needs. We undertake to unique delivery of papers that meet the professor's requirements. The content is proofread, edited, and checked plagiarism before submission to customers. No matter how big or small your work is, we will deliver on time. Try US Now! !
Coursework
Dissertation Writing Service
High-Quality Dissertation Writing Services are rare. They require Ph.D. academicians – not easily found. However, are an exception. The years, time, and resources we have invested in the dissertation world has given us a competitive advantage over others. Choose to come to Custom Writings Help; You will find perfect Ph.D. consultants who have written hundreds of dissertations theses ready to help you. Let our dissertation-writing services help you craft your dissertation, for you are assured we will give you the results.