Chapter 1 Problem 4-19
Nov. 30 Receipts Disbursements Dec. 31
Book balance 2,032,000 2,568,000 1,440,000 3,160,000
Bank service charge
November 30 ( 2,000) ( 2,000)
December 31 4,000 ( 4,000)
Collection of note
November 30 ( 200,000) 200,000
December 31 ( 300,000) ( 300,000)
Adjusted book balance 1,830,000 2,468,000 1,442,000 2,856,000
Bank balance 1,890,000 2,090,000 1,080,000 2,900,000
Outstanding checks
November 30 ( 180,000) ( 180,000)
December 31 592,000 ( 592,000)
Deposit in transit
November 30 80,000 ( 80,000)
December 31 498,000 498,000
Check erroneously charged by bank
November 30 40,000 ( 40,000)
December 31 ( 50,000) 50,000
Adjusted bank balance 1,830,000 2,468,000 1,442,000 2,856,000
Adjusting entry:
Bank service charge 4,000
Note receivable 300,000
Cash in bank 304,000
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