Prepare the bank reconciliation for collier cleaners

Assignment Help HR Management

Reference no: EM13817777

The bank account as a control device helps to protect cash. One of the requirements is to conduct periodic bank statement reconciliations. using the following data, complete the bank statement reconciliation.

use the information below to prepare the bank reconciliation for COLLIER Cleaners for the month of September.

The bank statement indicated bank service charges of $63.
Outstanding checks as of September 30 amounted to $1,405.
Deposits in transit as of September 30 amounted to $2,769.
The ending balance per the September bank statement is $40,753.
Collier Cleaners bookkeeper mistakenly recorded a $1,610 cash disbursement as $1,160 for Office Supplies on check #2402.
The bank mistakenly recorded a deposit of $2,800 as $280 on February 17.
The bank made an EFT payment on behalf of the company for Insurance for $3,200.
Bank collected rent of $3,000 and a note, for $16,450, including interest of $450.
The ending cash balance per the books for September before any adjustments was 28,900.

Reference no: EM13817777

Questions Cloud

Write a reflection for spirituality and coping with truma : Write a reflection paper for the chapter Spirituality and Coping with Truma.

Understanding of capital leases : From the previous bulleted discussion, assume that management now has a clear understanding of capital leases, but has been informed by colleagues that an operating lease may be more beneficial than an operating lease

Describe the local economy''s stage in the business cycle : Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service - Describe the local economy's stage in the business cycle.

Why banning the use of cell phones : Why banning the use of cell phones while driving should be mandatory nationwide

Prepare the bank reconciliation for collier cleaners : The bank account as a control device helps to protect cash. One of the requirements is to conduct periodic bank statement reconciliations. using the following data, complete the bank statement reconciliation.

How statistical analysis is utilized in quality control : Explain how statistical analysis is utilized in quality control/ assurance, why is knowing statistical analysis an important skill to learn for managers and leaders.

Earn eight percent on investments : The Hamptons want to have $3,500,000 for their retirement in 30 years. How much should they save annually if they think they can earn eight percent on their investments?

Complete the income statement and cash flow projections : For year one of your NAB company's Business Plan, complete the Income Statement, Cash Flow Projections, and Balance Sheet sections from the "Business Plan Financials

Describe ways that brain development typically contributes : Describe two ways that brain development typically contributes to changes in thinking and behavior as individuals progress through adolescence.

User Account

All Pages