Alyssa company

Adjusting entries
Unadjusted book balance 50,000
Add: Credit memos 15,000 Cash
TOTAL 65,000
Less: Debit memos -6,000
Adjusted book balance 59,000 Account receivable

Balance per bank 84,000

Add: Deposit in transit 40,000 Bank service charge
Total 124,000
Less: Outstanding checks -65,000
Balance per bank 59,000

Apathy company PROBLEM 1-1

Adjusting entries
Unadjusted book balance 65,000
Add: Cm note collected 30,000 Cash
TOTAL 95,000
Less: Service charge dm -2,000
Balance per book 93,000 Service charge bank

Unadjusted bank balance 108,000

Add: Deposit in transit 80,000
TOTAL 188,000
Less: Outstanding check -95,000
Balance per bank 93,000

Sensible company PROBLEM 2-2

Adjusting entries
Balance per book 110,000
Add: CM 45,000 Cash
TOTAL 155,000 Bank service charge
Less: Service charge. Etc -42,000
Balance per book 113,000 Service bank charge

Balance per bank 135,000 Bank service charge

Add: Deposit in transit 68,000 Accounts receivable
TOTAL 203,000 Accounts payable
Less: Outsanding check -90,000
Balance per bank 113,000

Xavier company PROBLEM 2-3

Adjusting entries
Balance per book 2,840,000 Cash in bank
Add: CM 270,000 Bank service charge
TOTAL 3,110,000
Less: Dm service charge -5,000
Balance per book 3,105,000
Bank service chage
Balance per bank 3,265,000
Add: Deposit in transit 450,000
TOTAL 3,715,000
Less: Outstanding checks -610,000
Balance per bank 3,105,000

Chivalry company PROBLEM 2-4

Adjusting bank
Balance per book 1,405,000
Add: Cm 2,695,000 Cash
TOTAL 4,100,000
Less: dm -470,000
3,630,000

Balance per bank 5,630,000 Bank service charge

Add: Deposit in transit 750,000 Light and water
TOTAL 6,380,000 Accounts receivable
Less: Outstanding check -2,750,000
Balance per bank 3,630,000

Zodiac company PROBLEM 2-5

Adjusting entries
Balance per book 1,100,000
Add: Cm 60,000 Cash in bank
TOTAL 1,160,000
Less: -30,000
1,130,000 Bank service charge
Balance per bank 1,000,000 Accounts receivable
Add:Deposit in transit 270,000
TOTAL 1,270,000
Less: Outstanding checks -140,000 Balance per book
Balance per bank 1,130,000 Notes receivable
bank service charge
accounts receivable

Balance per book

Balance per book
Add:
Balance per book
 Oustanding checks
TOTAL
Lesss: Memos
Balance per bank

Zodiac company

Balance per bank

Add:
TOTAL
Less:
Balance per book

Beta company

Balance per book

Add: Note collection
Proceeds of bank loan
TOTAL
Less: Service charge
Customer check
Balance per book

Balance per bank

Add: Deposit in transit
TOTAL
Less: Errenous bank credit
Outstanding checks
Balance per book

Adjusting entries Alpha company

Cash in bank 326000 Balance per ledger

Interest expense 7000 Add:Proceeds of bank loan
Prepaid interest expense 77000 TOTAL
Accounts payable 180,000 Less: Accounts payable
Petty cash fund 10,000 Petty cash fun
Loan payable 600000 Balance per ledger

Balance per book

Add: Undeposited collections
Erroneous bank charge
Omitted
TOTAL
Less: erroneous credit bank
 Outstanding checks
Balance per book

Susan company PROBLEM 2-9

Balance per book 1,300,000

Add:
overstatement 20,000
Check number 10,000
TOTAL 1,330,000
Less: Service charge -5,000
NSF check -85,000
Balance per book 1,240,000

Balance per bank 1,200,000

Add: Undeposited collections 275,000
TOTAL 1,475,000
Less: Outstanding checks -235,000
Balance per bank 1,240,000

Advent company PROBLEM 2-10

Balance per book 8,500,000

Add: Note collected 900,000
TOTAL 9,400,000
Less: Service charge -20,000
Balance per book 9,380,000

Balance per bank 8,200,000

Add: deposit 1,000,000
Checks 200,000
Checks 180,000
AR 50,000
TOTAL 9,630,000
Less: NSF check -250,000
9,380,000

Pearl company PROBLEM 2-11

Balance per bank 3,200,000

Add: Deposit in transit 8,600,000
TOTAL 11,800,000
Less: Checks processed -7,500,000
Service charge -50,000
Nsf check -150,000
Loan payment -500,000
Balance per bank 3,600,000

Balance per bank 3,600,000

Add: deposit in transit 500,000
Correction of error 270,000
TOTAL 4,370,000
Less: Outstanding check -400,000
Balance per bank 3,970,000
 15,000
Notes receivable 15,000

5,000
Cash 10,000

1,000
Cash 1,000

30,000
Note receivable 30,000

2,000
Cash 2,000

45,000
5,000
Note receivable 50,000

5,000
10,000
27,000
Cash 42,000
 270,000
10,000
Note receivable 250,000
Interest income 30,000

5,000
Cash 5,000

2,695,000
Note receivable 2,500,000
Interest income 150,000
Accounts payable 45,000

5,000
245,000
220,000
Cash in bank 470,000

60,000
Notes receivable 60,000

5,000
25,000
Cash in bank 30,000

1,100,000
60,000
-5,000
-25,000
1,130,000

1,100,000
60,000
1,160,000
 140,000
1,300,000
-300,000
1,000,000

PROBLEM 2-5

3,500,000
730,000
4,230,000
-1,100,000
3,130,000

PROBLEM 2-7

2,700,000
435,000
940,000
4,075,000
-10,000
-50,000
4,015,000

4,000,000
915,000
4,915,000
-300,000
-600,000
4,015,000

PROBLEM 2-8

5,000,000
516,000
5,516,000
-180,000
-10,000
5,326,000

5,500,000
300,000
50,000
150,000
6,000,000
-130,000
 -544,000
5,326,000