(Solution) Assignment for Chapter 8

(Solution) Assignment for Chapter 8 - $15 fee) 7,515.00...

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Assignment for Chapter 8 (a) ATHENA COMPANY Bank Reconciliation November 30, 2008 Balance per bank statement $51,208.20 Add: Deposits in transit 7,014.00 58,222.20 Less: Outstanding checks No. 2451 $3,781.20 No. 2472 1,510.80 No. 2478 1,614.60 No. 2482 1,836.00 No. 2484 2,488.50 No. 2485 2,924.40 No. 2487 1,194.00 No. 2488 3,600.00 18,949.50 Adjusted cash balance per bank $39,272.70 Balance per books $32,540.70 Add: Note collected by bank ($2,400 note plus $120 interest less
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Unformatted text preview: $15 fee) 7,515.00 40,055.70 Less: Check printing charge $216.00 Error in recording check No. 2479 *540.00 Error in 11-21 deposit ($2,954-$2,945) 27.00 783.00 Adjusted Cash Balance per books 39,272.70 *$5,250 – $4,710 (b) Nov. 30 Cash 7,515 Miscellaneous Expense 45 Notes Receivable 7,200 Interest Revenue 360 Nov. 30 Miscellaneous Expense 216 Cash 216 Nov. 30 Accounts Payable 540 Cash 540 Nov. 30 Accounts Receivable 27 C a s h 2 7...
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This note was uploaded on 02/04/2012 for the course ACCT 2111 taught by Professor Eric during the Spring '11 term at CUHK.

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