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  • Padernal BSA 1A SW Problem 3 11

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    Fly Thoughts
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    The document appears to be a bank reconciliation for Lovable Company from June 30 to July 31. It shows the beginning and ending balances per the bank statement and per the company's books, along with bank credits/debits and book credits/debits for July. The bank balance per the statement on July 31 was $5,000,000, while the book balance was $5,350,000, with a deposit in transit of $1,000,000 reconciling the difference.

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    The document appears to be a bank reconciliation for Lovable Company from June 30 to July 31. It shows the beginning and ending balances per the bank statement and per the company's books, along with bank credits/debits and book credits/debits for July. The bank balance per the statement on July 31 was $5,000,000, while the book balance was $5,350,000, with a deposit in transit of $1,000,000 reconciling the difference.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    180 views1 page

    Padernal BSA 1A SW Problem 3 11

    Uploaded by

    Fly Thoughts
    The document appears to be a bank reconciliation for Lovable Company from June 30 to July 31. It shows the beginning and ending balances per the bank statement and per the company's books, along with bank credits/debits and book credits/debits for July. The bank balance per the statement on July 31 was $5,000,000, while the book balance was $5,350,000, with a deposit in transit of $1,000,000 reconciling the difference.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    Problem 3=11

    Lovable Company
    Bank Reconcillation

    Beginning Bank Balance June 30 3,000,000.00


    Add: Bank credits july 31 9,000,000.00
    Less: Bank debit July 31 -7,000,000.00
    Bank Balance per bank July 31 5,000,000.00
    1.) A

    Beginning book balance June 30 2,500,000.00


    Add: book Debits July 31 9,400,000.00
    Less: Book Credits July 31 -6,550,000.00
    Book Balance July 31 5,350,000.00
    2.) B

    Deposit in transit July 31 9,000,000.00


    Notes Collected -200,000.00
    Deposit in Transit June 30 -400,000.00
    Deposit in transit July 31 1,000,000.00
    Total book receipts 9,400,000.00
    3.) A

    Outstanding Check july 31 7,000,000.00


    NSF Check -140,000.00
    Service Charge -10,000.00
    Outstanding Check June 30 -900,000.00
    Outstanding Check July 31 600,000.00
    Total Book Disbursement 6,550,000.00
    4.) A

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