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Padernal BSA 1A SW Problem 3 11

The document appears to be a bank reconciliation for Lovable Company from June 30 to July 31. It shows the beginning and ending balances per the bank statement and per the company's books, along with bank credits/debits and book credits/debits for July. The bank balance per the statement on July 31 was $5,000,000, while the book balance was $5,350,000, with a deposit in transit of $1,000,000 reconciling the difference.

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467 views1 page

Padernal BSA 1A SW Problem 3 11

The document appears to be a bank reconciliation for Lovable Company from June 30 to July 31. It shows the beginning and ending balances per the bank statement and per the company's books, along with bank credits/debits and book credits/debits for July. The bank balance per the statement on July 31 was $5,000,000, while the book balance was $5,350,000, with a deposit in transit of $1,000,000 reconciling the difference.

Uploaded by

Fly Thoughts
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Problem 3=11

Lovable Company
Bank Reconcillation

Beginning Bank Balance June 30 3,000,000.00


Add: Bank credits july 31 9,000,000.00
Less: Bank debit July 31 -7,000,000.00
Bank Balance per bank July 31 5,000,000.00
1.) A

Beginning book balance June 30 2,500,000.00


Add: book Debits July 31 9,400,000.00
Less: Book Credits July 31 -6,550,000.00
Book Balance July 31 5,350,000.00
2.) B

Deposit in transit July 31 9,000,000.00


Notes Collected -200,000.00
Deposit in Transit June 30 -400,000.00
Deposit in transit July 31 1,000,000.00
Total book receipts 9,400,000.00
3.) A

Outstanding Check july 31 7,000,000.00


NSF Check -140,000.00
Service Charge -10,000.00
Outstanding Check June 30 -900,000.00
Outstanding Check July 31 600,000.00
Total Book Disbursement 6,550,000.00
4.) A

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