Please reconcile The Hylton Enterprise Company bank statement to the cash book as of August 31, 2022. 1. Balance per cash book is $10,500 2. Balance per bank statement is 15,600 3. Bank charges recorded in bank but not In cash book is $115. 4. Checks issued but not yet cashed at the bank is $45,800 5. Deposit in Transit is $58,700 6. Proceeds from the closure of an Investment account is $26,700. plus Interest revenue of 1,500 7. Customer check was returned as Non-Sufficient Fund for $10,085.
Please reconcile The Hylton Enterprise Company bank statement to the cash book as of August 31, 2022. 1. Balance per cash book is $10,500 2. Balance per bank statement is 15,600 3. Bank charges recorded in bank but not In cash book is $115. 4. Checks issued but not yet cashed at the bank is $45,800 5. Deposit in Transit is $58,700 6. Proceeds from the closure of an Investment account is $26,700. plus Interest revenue of 1,500 7. Customer check was returned as Non-Sufficient Fund for $10,085.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 10EB: Prepare the journal entry to reconcile the bank statement in EB9.
Related questions
Question
100%
Please reconcile The Hylton Enterprise Company bank statement to the cash book as of August 31, 2022.
1. Balance per cash book is $10,500
2. Balance per bank statement is 15,600
3. Bank charges recorded in bank but not In cash book is $115.
4. Checks issued but not yet cashed at the bank is $45,800
5. Deposit in Transit is $58,700
6. Proceeds from the closure of an Investment account is $26,700.
plus Interest revenue of 1,500
7. Customer check was returned as Non-Sufficient Fund for $10,085.
Transcribed Image Text:Balance @ 08/31/2022
Adjusted Balance @ 08/31/2022
Cash
Book
0
Bank
Statement.
Date
Account Name
Debit
Credit
0
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning