Bank Statement

Bank Reconciliation Bulan Lalu

BREXIT COMPANY Bank Nasional Indonesia
Bank Reconciliation Bank Statement
Saturday, November 30, 2019 Checks Deposits
Cash balance per bank statem $ 14,367.90 Date Number Amount Date Amount
Add: Depost in transit 2,530.20 Dec. 2 3471 $ 3,104.90 Dec. 1 $ 2,530.20
16,898.10 7 3472 $ 1,426.80 16 $ 6,249.40
10 3478 $ 5,070.70 21 $ 2,945.00
Less: Outstanding checks 15 3479 $ 3,080.00 26 $ 2,567.30
  No. 3470 720.10 27 3480 $ 600.00 29 $ 2,836.00
  No. 3471 3,104.90 30 3482 $ 475.50 30 $ 1,025.00
  No. 3472 1,426.80 29 3483 $ 1,140.00 total $ 18,152.90
  No. 3474 1,050.00 31 3485 $ 540.80
Total outstanding check 6,301.80 total $ 15,438.70
Adjusted cash balance per bank 10,596.30

The bank statement contained two memoranda:

1. A credit of $3,645 for the collection of a $3,700 note for Brexit Company and less a collection fee of $55.
2. A debit of $572.80 for an NSF (Not satisfied Fund - Check Kosong) written by Chagnon, a customer. At December 31, the check had not been red
At December 31, the cash balance perbooks was $12,485.20 and the cash balance per the bank statement was $20,154.30. The bank did not make a
Instruction:
(a) Using the six steps in the reconciliation procedure, prepare a bank reconciliation at December 31.
(b) Prepare the adjusting entries based on the reconciliation. (Hint: the correction of any error pertaining to recording checks should be made to Accou
recording cash receipts should be made to Account Receivable.)
BREXIT COMPANY - Bank Reconciliation
December 31,
step 1 Cash balance per bank statement $ 20,154.30 step 2 Cash balance per books
step 3 Add: Deposits in transit 1,190.40 step 5 Add: Note collected by bank
total 21,344.70
step 4 Less: Outstanding checks
No : 3470 $ 720.10 step 6 Less: NSF check:
 No : 3474 $ 1,050.00 Error in check 3485
No : 3481 $ 1,428.70 Error deposit
No : 3484 $ 2,687.50
Total outstanding check 5,886.30 Total deduction due to error
Adjusted cash balance per bank $ 15,458.40 Adjusted cash balance per books
 Buku Check Deposit Slip

BREXIT COMPANY BREXIT COMPANY

Cash Payment Journal Cash Receipt Journal
Checks
Date Number Amount Date Amount
Dec. 2 3478 $ 5,070.70 Dec. 15 $ 6,249.40
8 3479 $ 3,080.00 20 $ 2,954.00
10 3480 $ 600.00 25 $ 2,567.30
17 3481 $ 1,428.70 28 $ 2,836.00
20 3482 $ 475.50 30 $ 1,025.00
22 3483 $ 1,140.00 31 $ 1,190.40
23 3484 $ 2,687.50 Total $ 16,822.10
24 3485 $ 450.80
total $ 14,933.20

31, the check had not been redeposited in the bank.

54.30. The bank did not make any errors, but two errors were made by Brexit Company.

hecks should be made to Account Payable. The correction of any errors relating to

h balance per books $ 12,485.20

Note collected by bank 3,645.00
total 16,130.20

572.80
 in check 3485 90.00
9.00

deduction due to error 671.80

sted cash balance per books $ 15,458.40