Respuesta :
Answer:
Explanation:
Oscars Red Carpet Store
Bank reconciliation Statement
Balance as Per Bank Statement $11,770
Add back Un-credited checks/deposits
Cash receipts for 26 - 28 Feb $1,500
NSF check $450
Total $1,950
deduct uncleared check
#325 $450
#327 $1,800
Total $2,250
Add withdrawals in Bank not in cash ledger
#323 - understated value in cash ledger ($2,800 - $2,400) $400
Automatic withdrawal - rent $1,300
Service Fee (Academy Bank) $120
Total $1,820
Deduct items in Bank not in Cash ledger
Interest earned $190
Titanic Fabrics repayment $5,950
Total $6,140
Adjusted Bank Balance (in line with Cash balance) $7,150
Oscar’s Red Carpet Bank Reconciliation for February 28, 2018 are :
• Bank balance per reconciliation $11,020
•Company's balance per reconciliation $11,020
Oscar’s Red Carpet Bank Reconciliation February 28, 2018
Bank's Cash Balance
Per bank statement $11,770
Deposit outstanding $1,500
Less Checks outstanding ($2,250)
($450+$1,800)
Bank balance per reconciliation $11,020
Company's Cash Balance
Per general ledger $7,150
Less NSF check ($450)
Less Company error ($400)
($2,800-$2,400)
Less Rent ($1,300)
Interest earned on checking account $190
Note collected $5,800
Interest on note $150
($5,950-$5,800)
Less Services charges ($120)
Company's balance per reconciliation $11,020
Inconclusion Oscar’s Red Carpet Bank Reconciliation for February 28, 2018 are :
• Bank balance per reconciliation $11,020
•Company's balance per reconciliation $11,020
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