Cash short 2,190

Postage 420
OS E 900
TE 340
CR 800
ATOS 1,500
Receivable from Employee 1,000
CIB 7,150

A PCF 2,400
CIB 2,400

B Cash Short 140

OS 270
E 124
R&M 350
WE 950
Inventory/ F-in 400
CIB 2,234

C SS 304
 AP 914
Inventory/ F-in 242
ME 782
CIB 2,242

PCF 600
CIB 600

D Cash short 26
OS 126
ME 90
AP 800
Receivable from manager 1,000
PCF 2,042

PCF 2,042
OS 126
ME 90
AP 800
Receivable from manager 1,000
Cash short 26

E No Entry

F Cash Short 26
OS 126
ME 90
AP 800
CIB 1,042
 Beginning Receipts
Balance per bank 90,800 169,000
DIT:
Beginning 5,000 (5,000)
Ending 8,000
OC:
Beginning (32,000)
Ending
Bank Error
Bank Error
Adjusted Bank Balance 2. 63,800 172,000

Beginning Receipts
Balance per book 77,900 173,000
Credit Memo:
Beginning 8,000 (8,000)
Ending 7,000
Debit Memo:
Beginning (100)
Ending
Book Errors
Check # 7159 (30k - 3k) (27,000)
Check # 7767 (Mutilated Check) 5,000
Adjusted Book Balance 63,800 3. 172,000

Jan, 31 Receipts
Balance per bank 255,000 250,000
DIT:
January 48,000 (48,000)
February
OC:
January (65,000)
February
NSF Check: Redeposited (9,000)
Adjusted Bank Balance 238,000 193,000

Jan, 31 Receipts
Balance per book 238,000
Credit Memo:
January
 February
Debit Memo:
January
February
NSF Check
January
February
Adjusted Book Balance 238,000 0
Disbursements Ending
123,800 136,000

8,000

(32,000)
7,700 (7,700)
(1,500) 1,500
150 (150)
4. 98,150 5. 137,650

Disbursements Ending
98,100 1. 152,800

7,000

(100)
150 (150)

(27,000)
5,000
98,150 5. 137,650

Disbursements Feb, 28
389,500 115,500

(10,000) (55,000)
38,000 (38,000)
(9,000)
408,500 22,500

Disbursements Feb, 28
0 0
1 Requirement Number 1
Solution:
Balance per bank statement
Outstanding checks
Undeposited collections
Error in recording the rent check (26,400 - 24,600)
Automatic mortgage payment
Bank service charges
Bank error-deposit incorrectly credited to Ian Co
NSF check
Balance per books

Unadjusted Balances

Adjusted Balances

Unadjusted Balances
2 Adjusted Balances

Bank charges

3 Requirement Number 3
Adjusted Account Balance
Petty Cash Fund
Treasury Bills (400,000 x 1/2)
Total Cash & Cash Equivalents
equirement Number 1

alance per bank statement 1,463,212

utstanding checks (140,000)
ndeposited collections 59,500
ror in recording the rent check (26,400 - 24,600) (1,800)
utomatic mortgage payment 45,000
ank service charges 1,400
ank error-deposit incorrectly credited to Ian Co (87,500)
12,500
alance per books 1,352,312

Book Bank
nadjusted Balances 90,800

djusted Balances 0 90,800

Cash in bank 0

Book Bank
nadjusted Balances 423,285 435,000
 (27,375)
16,200

djusted Balances 423,825 423,825

Cash in bank 540

ank charges #REF!
Cash in Bank 0
Miscellaneous Income 0

equirement Number 3
djusted Account Balance 0
tty Cash Fund 8,000
easury Bills (400,000 x 1/2) 200,000
otal Cash & Cash Equivalents 208,000
 0 (7,700)

(27,375)
15,000
4,675
(7,700) (67,300)