Principles of Accounting I Chapter 8 Assignment to.doc -...

Chapter 8 Assignment
1. Compute the correct amount for each letter in the following table:
Case 1 Case 2 Case 3
Balance per bank statement $ (a) $17,800 $3,980
Deposits in transit 1,200 (b) 250
Outstanding checks 3,000 2,000 150
Balance per books 6,900 18,800 (c)
2. The following information pertains to the bank transactions of Rawlins Company:
a. Cash on the books as of April 30 was $499. Cash as shown on the bank statement for the
same date was $1,330.
b. A deposit of $160, representing cash receipts as of April 30, did not apppear on the bank
statement.
c. Outstanding checks totaled $240.
d. Bank service charges for April amounted to $9
e. The bank collected for Rawlins Company $840 (which includes $40 interest) on a note left
for collection.
f. An NSF check for $80 from a customer, Joe Beck, was returned with the statement.