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ACCT 204 - Chapter 4 Assignment
ACCT 204 - Chapter 4 Assignment
The following information was extracted from the records of Founders Library Ltd. as of December 31,
2022.
The balance per the December 31, 2022 Bank Statement is $54,839.10.
Founders Library Ltd. bookkeeper mistakenly recorded a $1,770.00 cash disbursement as
$1,710.00.
The bank mistakenly recorded a deposit of $6,000 made by Founders Library Ltd. on June 10
as $600.
The bank statement indicated bank service charges of $70.00 in June.
Outstanding checks as of December 31, 2022, amount to $12,800.20.
Deposits in transit as of December 31, 2022, amount to $4,911.30.
Required:
(a) Prepare a bank reconciliation for Founders Library Ltd. as of December 31, 2022.
(b) Using the answer from part (a) calculate the original cash book balance as of December 31, 2022.