Find the beginning balance

Assignment Help Financial Accounting

Reference no: EM1312669

Answer the following questions based on Bank Reconciliation

Prepare a bank Reconciliation as of August 31 from the following information

a)The august 31 balance shown on the bank statement is $9,810

b)There is a deposit in transit of 1,260 at August 31

c)Outstanding checks at august 31 totaled 1890

d)Interest credited to the account during august but not recorded on the company's book amounted to 108

e)A bank charge of $36 for check was made to the account during august. Although the company was expecting a charge, its amount was not known until the bank statement arrived

f)In the process of reviewing the canceled checks, it was determined that the checks issued to a supplier in payments of account payable of $631 had been recorded as a disbursement of $361

g)The august 31 balance in the general ledger Cash account before reconciliations is 9378

Questions:

1.What is the beginning balance per the bank?

2.What is the beginning balance per the books?

3.What is the total amount of outstanding checks?

4.What is the total amount of deposits in transits?

5.What is the total amount of the interest earned?

6.What is the total amount of the errors?

7.What is the adjusted or reconciled balance per the bank?

8.What is the adjusted or reconciled balance per the books?

Reference no: EM1312669

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