Bank Reconciliaton - Case 2 Laymon Boat Company's bank...

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Case 2 Laymon Boat Company's bank statement for the month of September showed a balance per bank of €7,000. The company's Cash account in the general ledger had a balance of €4,667 at September 30. Other information is as follows: (1) Cash receipts for September 30 recorded on the company's books were €5,000 but this amount does not appear on the bank statement. (2) The bank statement shows a debit memorandum for €60 for check printing charges. (3) Check No. 119 payable to Mann Company was recorded in the cash payments journal and cleared the bank for €248. A review of the accounts payable subsidiary ledger shows a €36 credit balance in the account of Mann Company and that the payment to them should have been for €284. (4) The total amount of checks still outstanding at September 30 amounted to €5,800. (5) Check No. 138 was correctly written and paid by the bank for €429. The cash payment journal reflects an entry for Check No. 138 as a debit to Accounts Payable and a credit to Cash in Bank for €492.
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