The bookkeeper at jefferson company has


CF Unit3 P6-6 The bookkeeper at Jefferson Union has not reconciled the bank proposition delay the Coin representation,

 

P6-6 Preparing a Bank Arbitration and Related Record Entries LO6-5

 

The bookkeeper at Jefferson Union has not reconciled the bank proposition delay the Coin representation, assertion, “I don’t possess duration.”  You possess been asked to fit a arbitration and resurvey the procedures delay the bookkeeper.

 

The April 30, 2014, bank proposition and the April ledger representations for coin showed the aftercited (summarized):

 

BANK STATEMENT

Checks Deposits Balance

  Balance, April 1, 2014  $31,000

  Deposits during April $37,100 68,100

Interest self-possessed 1,180 69,280

  Checks cleared during April  $ 43,000 26,280

  NSF check—A. B. Wright 160 26,120

  Bank employment beak 50 26,070

  Balance, April 30, 2014 26,070

 

 Cash

Apr. 1   Balance 23,500     41,100  

  Apr.    Checks written   Apr.      Deposits 41,500

 

 

A similitude of checks written antecedently and during April delay the checks cleared through the bank showed uncollected checks at the end of April of $5,600. No confidences in transit were carried weigh from March, but a confidence was in transit at the end of April.

 

Required:

1. Fit a specific bank arbitration for April.

Possible input areas are private.

JEFFERSON COMPANY

Bank Reconciliation

April 30, 2014

Company's Books                                           Bank Statement

Ending weigh per coin representation                    Ending weigh per bank proposition

  

Additions:                                                       Additions:

Deductions:                                                     Deductions:

 Correct coin weigh                                      Correct coin weigh               $24,870

 

Required:

2 Fit the record entries that the union should fabricate as a termination of the bank arbitration. (If no record is required for a transaction/event, selecteded "No record record required" in the pristine representation scope.)

Transaction      General Journal           Debit   Credit

1

2

3

 

Required:

3 What was the weigh in the coin representation in the ledger on May 1, 2014?

Cash weigh

 

4 What sum totality of coin should be reputed on the weigh subterfuge at the end of April?

 

Total totality of coin