ACC - Backhaus Company Problem
KnowledgeCatsAP7-4A |
The bank portion of the bank reconciliation for Backhaus Company at November 30, 2011, was as follows.
|
BACKHAUS COMPANY | |||
Bank Reconciliation | |||
November 30, 2011 | |||
|
|
| |
Cash balance per bank |
| $28,735.80 | |
Add: Deposits in transit |
| 5,060.40 | |
|
| 33,796.20 | |
|
|
| |
Less: Outstanding checks |
|
| |
Check Number | Check Amount |
| |
3451 | $4,520.80 |
|
|
3470 | 1,440.20 |
|
|
3471 | 1,689.00 |
|
|
3472 | 2,853.60 |
|
|
3474 | 2,100.00 |
| 12,603.60 |
Adjusted cash balance per bank |
| $21,192.60 | |
The adjusted cash balance per bank agreed with the cash balance per books at November 30. The December bank statement showed the following checks and deposits.
|
Bank Statement | |||||||||
Checks |
| Deposits | |||||||
Date |
| Number |
| Amount |
| Date |
| Amount | |
12-1 |
| 3451 |
| $4,520.80 |
| 12-1 |
| $5,060.40 |
|
12-2 |
| 3471 |
| 1,689.00 |
| 12-4 |
| 2,423.20 |
|
12-7 |
| 3472 |
| 2,853.60 |
| 12-8 |
| 4,730.20 |
|
12-4 |
| 3475 |
| 3,281.40 |
| 12-16 |
| 5,345.40 |
|
12-8 |
| 3476 |
| 2,600.00 |
| 12-21 |
| 5,890.00 |
|
12-10 |
| 3477 |
| 4,260.00 |
| 12-26 |
| 5,134.60 |
|
12-15 |
| 3479 |
| 6,160.00 |
| 12-29 |
| 5,672.00 |
|
12-27 |
| 3480 |
| 1,200.00 |
| 12-30 |
| 2,050.00 |
|
12-30 |
| 3482 |
| 951.00 |
| Total |
| $36,305.80 |
|
12-29 |
| 3483 |
| 2,280.00 |
|
|
|
|
|
12-31 |
| 3485 |
| 1,081.60 |
|
|
|
|
|
|
|
|
| $30,877.40 |
|
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|
|
|
The cash records per books for December showed the following.
|
|
| Cash Receipts | ||||||||||||||
Cash Payments Journal |
| Journal | ||||||||||||||
Date |
| Number |
| Amount |
| Date |
| Number |
| Amount |
| Date |
| Amount | ||
12-1 |
| 3475 |
| $3,281.40 |
| 12-20 |
| 3482 |
| $951.00 |
|
| 12-3 |
| $2,423.20 |
|
12-2 |
| 3476 |
| 2,600.00 |
| 12-22 |
| 3483 |
| 2,280.00 |
|
| 12-7 |
| 4,730.20 |
|
12-2 |
| 3477 |
| 4,260.00 |
| 12-23 |
| 3484 |
| 1,596.00 |
|
| 12-15 |
| 5,345.40 |
|
12-4 |
| 3478 |
| 1,242.60 |
| 12-24 |
| 3485 |
| 901.60 |
|
| 12-20 |
| 5,908.00 |
|
12-8 |
| 3479 |
| 6,160.00 |
| 12-30 |
| 3486 |
| 3,779.00 |
|
| 12-25 |
| 5,134.60 |
|
12-10 |
| 3480 |
| 1,200.00 |
| Total |
|
|
| $29,866.40 |
|
| 12-28 |
| 5,672.00 |
|
12-17 |
| 3481 |
| 1,614.80 |
|
|
|
|
|
|
|
| 12-30 |
| 2,050.00 |
|
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|
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|
| 12-31 |
| 3,380.80 |
|
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| Total |
| $34,644.20 |
|
The bank statement contained two memoranda:
1. | A credit of $8,290.00 for the collection of a $8,000.00 note for Backhaus Company plus interest of $320.00 and less a collection fee of $30.00. Backhaus Company has not accrued any interest on the note. |
2. | A debit of $1,145.60 for an NSF check written by D. Chagnon, a customer. At December 31, the check had not been redeposited in the bank. |
At December 31 the cash balance per books was $24,970.40, and the cash balance per the bank statement was $40,308.60. The bank did not make any errors, but two errors were made by Backhaus Company.
12 years ago
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