ABC company has bank balance on Dec 31, 2018 is S37,140, and the book balance at

Question

ABC company has bank balance on Dec 31, 2018 is S37,140, and the book balance at the year- end is $32,500. The other information are as followings: 4 a. Checks outstanding totaled S3,620.00 b. A deposit of $4,496.00 had been made too late to appear on the bank statement. c. A check written by AJK Co. (cashed) for S1,233 had been incorrectly recorded by the company as $233. d. The bank collected $4,541.00 on a note left for collection. (No interest was included in payment by the customer.)- e. Bank service charges for December is S25.

Explanation / Answer

c Cash 1000 =1233-233       Accounts Receivable 1000 d Cash 4541       Notes receivable 4541 e Bank service charges 25        Cash 25

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