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Question 7.1 7.2
Question 7.1 7.2
Question 7.1 7.2
The Cash account in the general ledger appeared as follows on July 31:
Prepare a bank reconciliation at July 31 Assume that any errors made were by the bookkeeper (cheque
#287 was for office supplies).
Prepare the necessary entries resulting from the bank reconciliation.
Chapman Inc.
Bank Reconciliation
September 30
Bank Statement Balance $ 16,518.15 Book Balance $ 34,648.55
Add:
Deposit of Sept 30 in transit 17,351.00
33,869.15
Deduct: Deduct:
$
Outstanding cheques: Interest Payment 450.00
$
#551 $ 2,945.15 Principle Payment 4,500.00
#558 850.45 3,795.60 Bank service charge 75.00 4,575.00
Adjusted bank balance $ 30,073.55 Adjusted book balance $ 30,073.55
The Cash account in the general ledger appeared as follows on October 31:
Prepare a bank reconciliation at October 31. The NSF cheque was for a customer payment Jessica
Pearson.
Prepare the necessary entries resulting from the bank reconciliation.