licet @ @ @ @ o Record the bank collection fee. Note: Enter debits before credits. General Journal Date Mar 31, 2019 Debit Credit View general journal Clear entry Record entry Journal entry worksheet co Record the check incorrectly charged. Note: Enter debits before credits. General Journal Debit Credit Date Mar 31, 2019 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 Record note collected by the bank. Note: Enter debits before credits. General Journal Debit Credit Date Mar 31, 2019 Record entry Clear entry View general journal $ 70,005 Bank Reconciliation Statement March 31, 2019 Balance on bank statement Additions: E KS Deposit in transit Check incorrectly charged 4,700 348 5,048 75,053 Deductions: Check 3782 Check 3840 S e more $ 2,200 251 Total deductions Adjusted bank balance 2,451 72,602 $ $ 71,487 Balance in books Additions: Noninterest-bearing note collected by bank 7.300 78,787 Deductions: < Prex 4 of 5 !!! .Ne Di Stefano Office Supply Company received a bank statement showing a balance of $70,005 as of March 31, 2019. The firm's records showed a book balance of $71,487 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $40, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $4,700. 3. A check for $348 issued by another firm that was mistakenly charged to Di Stefano's account. 4. A debit memorandum for an NSF check of $6,145 issued by Wozniak Construction Company, a credit customer. 5. Outstanding checks: Check 3782 for $2,200: Check 3840 for $251. 6. A credit memorandum for a $7,300 noninterest-bearing note receivable that the bank collected for the firm. Prepare a bank reconciliation statement for the firm as of March 31. Prepare the necessary journal entries for March 31, 2019 from the statement

ans 1 Bank Reconciliation as on March 31 Balance as per bank $70,005 Additions: Deposit in Transit $4,700 Error made by bank 348 5048 Deductions $75,053 Outstanding ckecks Check 3782 2200 Check 3840 251 2451 Adjusted Bank Balance $72,602.00 Company's Book Book balance 71487 Add Proceeds of note receivable 7300 7300 78787 Deductions Miscelleneous expenses 40 NSF 6145 6185 Adjusted Book balance 72602 ans 2 Trans Accounts Tilte Dr Cr 31-Mar a Cash $7,300 Notes Receivable $7,300 b Accounts receivable $6,145 Cash $6,145 c Miscelleneous expenses 40 Cash 40 .

Licet @ @ @ @ o Record the bank collection fee. Note:…

Answers

	ans 1
	Bank Reconciliation as on March 31

	Balance as per bank		$70,005
	Additions: Deposit in Transit	$4,700
	Error made by bank	348
			5048
	Deductions		$75,053
	Outstanding ckecks
	Check 3782	2200
	Check 3840	251	2451

	Adjusted Bank Balance		$72,602.00

	Company's Book
	Book balance		71487

	Add
	Proceeds of note receivable	7300
			7300
			78787
	Deductions

	Miscelleneous expenses	40
	NSF	6145	6185

	Adjusted Book balance		72602

	ans 2
Trans	Accounts Tilte	Dr	Cr
31-Mar
a	Cash	$7,300
	Notes Receivable		$7,300

b	Accounts receivable	$6,145
	Cash		$6,145

c	Miscelleneous expenses	40
	Cash		40

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