Chapter 4 Problems

Shantae Lovett

ACC 201

LaKeitha Givens

December 10, 2012

4 - 20 Missing information in a bank reconciliation

1. Balance per the bank on May 31, 8,000

2. Deposits in transit not recorded by the bank, 975

3. Bank error: check written by Allen Auto Supply was charged to Superior Auto Supply's account, 650

4. The following checks written and recorded by Superior Auto Supply were not included in the bank statement.

3013 385

3054 735

3056 1,900

1. Note collected by the bank, 500.

2. Service charge for collection of note, 10

3. The bookkeeper recorded a check written for 188 to pay for the May utilities expense as 888 in the cash disbursements journal

4. Bank service charge in addition to the note collection fee, 25

9....