ACC 151 Ch 04 In-Class Exercise Student.pdf

ACC 151 Ch 04 In-Class Exercise Student.pdf - The December...

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The December 31 bank balance of Green Valley Coffee Company is $5,900 . The company’s Cash account has a balance of $3,340 . Additional information related to the cash account at December 31 is as follows: BOOK or BANK BOOK BANK $3,340 $5,900 1. Deposit in transit, $1,600. 2. Bank error: The bank deducted $100 for a check written by another company. 3. Outstanding checks—total of $1,340. 4. EFT receipt of your dividend revenue earned on an investment, $900. 5. Bank collection of your account receivable, $2,100. 6. Interest revenue earned on your bank balance, $30. 7. Book error: You recorded check no. 333 for $510. The amount you actually paid on account was $150. 8. Bank service charge, $20. 9. NSF check from a customer, $50. Subtract $50 from your book balance. 10. EFT payment of insurance expense, $400.
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How much cash does Patrick actually have at June 30, 2017? Ryan Patrick Bank Reconciliation 30-Jun-17
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