SALLAN, DONNA ANDREA D
ACC03A
Problem 1
1.
Check outstanding (May 31)
Add: Checks recorded by book
Total
Less: Checks recorded by bank
CHECK OUTSTANDING, JUNE 30
50,000
2,400,000
2,450,000
(2,300,000)
150,000 B
2.
Deposit outstanding (May 31)
Add: Deposits recorded by book
Total
Less: Deposits recorded by bank
DEPOSIT IN TRANSIT, JUNE 30
300,000
1,800,000
2,100,000
(1,700,000)
400,000 A
3.
Balance per bank
Add: NSF Check
Total
Less: Note Collected
Balance per bank, June 30
Add: Deposit in transit, June 30
Total
Less: Check outstanding, June 30
ADJUSTED CASH IN BANK, JUNE 30
2,100,000
100,000
2,200,000
( 500,000)
1,700,000
400,000
2,100,000
( 150,000)
1,950,000 C
Problem 2
Balance per bank (March 31)
Add: Bank deposits (April)
Total
Less: Bank disbursements (April)
Balance per bank, April 30
Less: Outstanding checks (April 30)
ADJUSTED CASH IN BANK, April 30
4,650,000
5,840,000
10,490,000
(4,970,000)
5,520,000
( 700,000)
4,820,000
Problem 3
1.
Balance per bank, June 30
Add: Bank deposits (July)
Total
Less: Bank disbursements (July)
Balance per bank, July 31
Add: Deposit in transit (July 31)
Total
Less: Outstanding checks (July 31)
ADJUSTED CASH IN BANK
2.
Adjusted book balance
Add: Debit Memo
NSF customer check in July
Service charge in July
Total
Less: Credit Memo
Note collected by the bank in July
BALANCE PER BOOK, JULY 31
3.
Deposits per bank statement for July
Less: Credit Memo
Note collected by bank in July
Deposit in transit (June 30)
Total
Add: Deposit in transit (July 31)
CASH RECEIPTS PER BOOK FOR JULY
3,000,000
9,000,000
12,000,000
(7,000,000)
5,000,000
1,000,000
6,000,000
( 600,000)
5,400,000 B
5,400,000
140,000
10,000
150,000
5,550,000
( 200,000)
5,350,000 B
9,000,000
( 200,000)
( 400,000)
4.
Bank disbursement for July
Less: Debit Memos
NSF check in July
( 140,000)
Service charge in July
( 10,000)
Outstanding checks (June 30)
( 900,000)
Total
Add: Outstanding checks (July 31)
CASH DISBURSEMENT PER BOOK FOR JULY
600,000
8,400,000
1,000,000
9,400,000 A
7,000,000
(1,050,000)
5,950,000
600,000
6,550,000 A
Problem 4
1.
Bank deposits (July 31)
Add: Deposit in transit (July 31)
Total
Less: Deposit in transit
CASH RECEIPTS PER BOOK IN JULY
6,500,000
1,200,000
7,700,000
( 400,000)
7,300,000 B
2.
Bank disbursement for July
Less: Outstanding checks (June 30)
Total
Add: Outstanding checks (July 31)
CASH DISBURSEMENT PER BOOK FOR JULY
9,000,000
(1,400,000)
7,6000,000
1,000,000
8,600,000 A
3.
Balance per bank
Add: Bank deposits (July 31)
Total
Less: Bank disbursements (July 31)
Balance per banks, July 31
Add: Deposit in transit (July 31)
Total
Less: Outstanding checks (July 31)
ADJUSTED BANK BALANCE, JULY 31
9,800,000
6,500,000
16,300,000
( 9,000,000)
7,3000,000
1,200,000
8,500,000
( 1,000,000)
7,500,000 C
4.
Balance per book
Add: Cash receipts per book (July 31)
Total
Less: Cash disbursement per book (July 31)
CASH BALANCE PER LEDGER, JULY 31
8,800,000
7,300,000
16,100,000
( 8,600,000)
7,500,000 D
Problem 5
Balance per book
Less: NSF Checks
October
November
Service Charge
October
November
Outstanding checks
OUTSTANDING CHECKS, NOVEMBER 30
620,000
(40,000)
(20,000)
(10,000)
( 5,000)
(230,000)
(305,000)
315,000