Reference no: EM132595885

Problem 1: Write a Bank Reconciliation Statement for One Day Cleaner at November 30.

At November 30, balance as per the bank statement of One Day Cleaners was $40,758; and balance as per the cash book, $41,969. Accountant found following transactions which created difference in balances of cash book and pass book.

1. Included on the bank statement was a credit for $168 interest earned on this checking account during November but not recorded in cash book.

2. Two cheques were outstanding at November 30: no. 921 for $964 and no. 925 for $1085.

3. Enclosed with the bank statement were two debit memoranda for the following items: service charge for November, $14; and a $700 cheque of a customer marked as "NSF".

4. Accountant found a mistake in bank statement as a wrong credit of $1750.

5. Examination of the paid checques also revealed that two cheques, all issued in November, had not yet been paid by the bank: no. 921 for $945; no. 924 for $320.

6. Verified that cash receipts of $16997 on November 29 were deposited into the bank but the same could not be cleared by bank till November 30.

7. Interest on overdraft $1032 is debited in the Bank Statement only.

8. Bank received dividend into the account of One Day Cleaners at $12000 and recorded into the bank statement.

9. Accountant further verifies that a cheque deposited into the bank for $20550 and correctly recorded in the pass book. However, it was entered in the cash book of One Day Cleaners as $20250.