Bank

December
November Receipts
Unadjusted balance: 537,400 2,474,400
Deposits in Transit
November 30 160,000 -160,000
December 31 225,000
Oustanding Checks
November 30 -143,000
December 31
Adjusted Balance: 554,400 2,539,400

Book
November Receipts
Unadjusted balance: 520,000 2,500,000
Bank Service Charges
November 30 -1,200
December 31
Bank Credit Memo
November 30 60,600 -60,600
December 31 100,000
Customer's DAIF checks (NSF checks)
November 30 -25,000
December 31
Adjusted Balance: 554,400 2,539,400

Adjusting Entries:
1. Miscellanous Expenses (Bank Charges) 800
Cash in Bank

2. Cash in Bank 100,000

Notes Payable- Bank

3. Accounts Receivable 14,000

Cash in Bank
 Bank

Disbursments December
-2,333,600 678,200 Unadjusted balance:
Deposits in Transit
November 30
225,000 December 31
Oustanding Checks
143,000 November 30
-118,000 -118,000 December 31
-2,308,600 785,200 Adjusted Balance:

Book
Disbursments December
-2,320,000 700,000 Unadjusted balance:
Bank Service Charges
1,200 November 30
-800 -800 December 31
Bank Credit Memo
November 30
100,000 December 31
Customer's DAIF checks (NSF checks)
25,000 November 30
-14,000 -14,000 December 31
-2,308,600 785,200 Adjusted Balance:

Add back the service charge for December

800 since it will be charged the next month.

Entry for loan of 100,000

100,000

Entry for Customer's DAIF check returned

14,000
 December
November Receipts Disbursments December
537,400 2,474,400 2,333,600 678,200

160,000 -160,000
225,000 225,000

-143,000 -143,000
118,000 -118,000
554,400 2,539,400 2,308,600 785,200

November Receipts Disbursments December

520,000 2,500,000 2,320,000 700,000

-1,200 -1,200
800 -800

60,600 -60,600
100,000 100,000

-25,000 -25,000
14,000 -14,000
554,400 2,539,400 2,308,600 785,200