June 30 cash receipts of 2724 were placed in the banks

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Reference no: EM13570031

Cruz Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2011, its Cash account shows an $11,352 debit balance. Cruz's June 30 bank statement shows $10,332 on deposit in the bank.

a. Outstanding checks as of June 30 total $1,713.

b. The June 30 bank statement included a $23 debit memorandum for bank services; Cruz has not yet recorded the cost of these services.

c. In reviewing the bank statement, a $90 check written by Cruz Company was mistakenly recorded in Cruz Company's books at $99.

d. June 30 cash receipts of $2,724 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.

e. The bank statement included a $5 credit for interest earned on the cash in the bank. Prepare a bank reconciliation for Cruz Company using the above information.CRUZ COMPANY Bank Reconciliation June 30, 2011 Bank statement balance $ Book balance $ Add: Add: Interest earnedRecording error on checkDeposit of june 30Outstanding checksBank service charge Recording error on check Outstanding checks Deposit of june 30Bank service chargeInterest earned.

Bank service chargeDeposit of june 30Interest earnedOutstanding checksRecording error on check Deduct.Recording error on checkInterest earnedOutstanding checksBank service chargeDeposit of june 30Recording error on check Outstanding checks Deposit of june 30Bank service chargeInterest earned Adjusted bank balance $ Adjusted book balance $?

Reference no: EM13570031

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