Prepare a bank reconciliation statement for the month

Reference no: EM131931517

Problem

On Nov 19th, One of our Partner's ( Leedcom ) cash book showed a debit balance of $4,000.00.

His bank statement showed a balance of $4,270.00.

On comparison the following were found:

* check issued amounting to $2,500.00 has not been cashed
* The bank rejected checks amounting to $140
* Standing order for a staples order of $700 was note noted.
* A customer paid $170 directly into the bank without any notice to Us
* Bank charges of $160 were entered in the bank statements only.
* A dividend of $250 was paid directly into the bank and not recorded in the cash book
* Checks for $1,650.00 were entered into the cash book and deposited in the bank but had not been cleared (deposited).

Prepare a bank reconciliation statement for the month.

Reference no: EM131931517

Questions Cloud

What is the dividend paid by this stock : The preferred stock for the Bank of Ellicott City is currently selling at $49.54. If the required rate of return is 12.5 percent, what is the dividend paid

Journalize the november purchase transactions for lamont : Nov. 7, 2015 Lamont Enterprises purchases $11,400 of merchandise from Christopher Co. Journalize the November purchase transactions for Lamont Enterprises.

Describe which social psychology concept you are choosing : Describe which social psychology concept you are choosing (e.g., conformity, obedience, altruism, persuasion, etc...) and indicate how you see it manifested

What is the journal entry : The remaining amount was the accumulated interest due for 2019. What is the journal entry

Prepare a bank reconciliation statement for the month : On Nov 19th, One of our Partner's (Leedcom) cash book showed a debit balance of $4,000.00. Prepare a bank reconciliation statement for the month.

Determining the major public health problem : Heroin and opioid addictions are on the rise and have become a major public health problem. Massachusetts Gov

Why is the current budgeting practice inadequate : You noticed three budgeting practices for the past 10 year before the retirement of former Executive Director. Why is the current budgeting practice inadequate?

Calculate the total expendtures for the first year : Calculate the total expendtures for the first year. What was your profit? What will profits be in your second year if total revenues and costs remain the same?

How did the 1976 tarasoff decision differ from the 1974 : How did the 1976 Tarasoff decision differ from the 1974 Tarasoff decision?

User Account

All Pages