FinMan10e_ATest_ch07 - 10th Edition FINANCIAL MANAGERIAL...

10th Edition
CORPORATE FINANCIAL ACCOUNTING
Warren/Reeve/Duchac
Chapter Test 7A
Score %
Name
Course Section
NOTE: Each of the 40 correct answers is
assigned a weight of 2½%.
PROBLEM 1—BANK RECONCILIATION—25%
A

TEST 7A (Concluded)
INSTRUCTIONS: Indicate the proper place for each of the following reconciling items by inserting the correct letter from
the bank reconciliation form below in the Answers column.
Dylan Co., Bank Reconciliation, April 30, 20—
Cash balance per bank statement. ................ $XX Cash balance per depositor's records. .......... $XX
Additions. ........................................................ A Additions. ........................................................ C
Deductions. .................................................... B Deductions. .................................................... D
Adjusted balance. ........................................... $XX Adjusted balance. ........................................... $XX
For
Scoring
ITEMS Answers
0. Check drawn by depositor for $98 but recorded in journal as $89 . .......... D 0. ____

1. Deposit in transit not recorded by bank, $6,668 . ....................................... 1. ____
2. Customer's check returned by bank to depositor because of insufficient
funds, $204 . ............................................................................................... 2. ____
3. Canceled check for $175 not recorded in journal . .................................... 3. ____
4. Proceeds of bank loan omitted from journal, $56,125 . ............................. 4. ____
5. Bank debit memorandum for service charges, $35 . ................................. 5. ____
6. Check for $345 written by Upton Co., but erroneously charged by bank