Stump Hill Inc.Bank Reconciliation December 31, 20x1. Stump Hill Inc. has an operating account which is maintained at Turtle Bank. You learned the following:
- The cash receipts journal showed cash of $5,000 received on December 31, 20x1 and the deposit was made on the same day. The deposit was not recorded in the bank until January 2, 20x2
- The balance per the General Ledger was $100,000 at December 31, 20x1
- The operating account balance per the Turtle Bank December 31, 20x1 bank statement was $120,000
The check register showed the following outstanding checks:
Check # Check Date
Payee Amount 905 9/25/20x1
City of Turtle Pond $5,000 1102 11/2/20x1
Kellits Police 3,000 1151 12/1/20x1
Clarendon County 10,000 1152 12/1/20x1
Crofts Hill Growers 2,000 1170 12/31/20x1
City of Turtle Pond 5,000 1171 01/02/20x2
Kellits Growers 5,000
Problem 1: Prepare Stump Hill Inc.'s bank reconciliation for the month of December 31, 20x1