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Problem 8-8A Preparation of a bank reconcillation and recording adjustments LO*
Stewart Recording Studio, owned by Ron Stewart, showed the following bank reconcillation at March 31:
Bank statement balance
Stewart Recording Studio
March 31, 2014
$22,100
book toalance
$30,945
Deposit of March 31 in transit…
$32,100
Outstanding cheques:
$840
315
$30,945
Adjusted book balance..
$30,945
Date
Explanation
Cash
PR
Debit
Credit
Acct. No. 101
Balance
Apr.
Balance
CR17
CD13
71,440
30,945
11,213
A list of deposits made and cheques written during April, taken from the Cash Receipts Journal and Cash Disbursements Journal, is shown below:
Deposits Made
Cheques Written
April
No.
23.
*oUU
27.
30.
Total April Cash Receipts.
1,750
44,600
$71,440
$ 5,200
3,150
940
310
29...
4,900
19,630
41,000
412
Total April Cash Disbursements.
$91,172