Professional Documents
Culture Documents
P 8-12 Valix 2015 Volume 1
P 8-12 Valix 2015 Volume 1
P 8-12 Valix 2015 Volume 1
Solution
Magnificent Compan
Bank Reconciliation
May 31, 2015
Cash balance per accounting record
Add:
Notes collected by bank
Proceeds of bank loan on May 30
Total
Less:
NSF Check
Cost of printed checks
Bank service charge
Adjusted cash balance
810,000
570,000
77,000
12,000
10,000
(b)
Cash in bank
Interest expense
Notes receivable
Interest revenue
Loan payable
Accounts Receivable
Miscellaneous expense
500,000
80,000
685,000
90,000
1,350,000
30,000
77,000
12,000
Service charge
Cash in bank
10,000
agnificent Company
Bank Reconciliation
May 31, 2015
1,719,000
1,380,000
3,099,000
(99,000)
3,000,000
3,195,000
580,000
3,775,000
(775,000)
3,000,000
800,000
10,000
570,000
99,000