Problem:
Bank Rec, Dec 31, 2004
Balance per ledger Dec.31, 2004 $17,174.86
Add:
Cash receipts received on the last day of December and
charged to "cash in bank" on books but no deposited 2,662.25
Debit memo for customer's cheque returned unpaid (cheque is on
hand but no entry has been made on books) 200.00
Debit memo for bank service charge for December 5.50
Total $20,142.61
Deduct:
Cheques drawn but not paid by bank
(see detailed list below) $2,267.75
Credit memo for proceeds of a note receivable that
had been left at the bank for collection but which
has not been recorded as collected. 400.00
Cheques for an account payable entered on books as
$240.90 but drawn and pais by bank as $419.00 178.10 (2,945.85)
Computed balance 17,196.76
Unlocated difference (200.00)
Balance per bank (checked for confirmation) 16,996.76
Cheques drawn but not paid by bank:
573 $67.27
724 9.90
903 456.67
907 305.50
911 482.75
913 550.00
914 366.76
916 10.00
917 218.90
Total 2,267.75
*Prepare a corrected reconciliation
*Prepare journal entries for items that should be adjusted prior to closing the books.