Prob 8_3A Solution-1 - Prob 8-3A 1 AMERICAN MEDICAL CO Bank Reconciliation April 30 Cash balance according to bank statement Add Deposit of April 30

Prob 8_3A Solution-1 - Prob 8-3A 1 AMERICAN MEDICAL CO...

This preview shows page 1 - 2 out of 2 pages.

Prob. 8-3A 1. AMERICAN MEDICAL CO. Bank Reconciliation April 30 Cash balance according to bank statement $388,600 Add: Deposit of April 30, not recorded by bank $42,500 Bank error in charging check as $420 instead of $240 180 42,680 Deduct outstanding checks 61,280 Adjusted balance $370,000 Cash balance according to company’s records $334,985 Add note and interest collected by bank 42,000 Deduct: Error in recording check

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture