Shown below is the information needed to prepare a bank reconciliation for Mega Communications at December 31, 2019: a.At December 31, cash per bank statement was $16,200; cash per the company’s records was $17,225. b.Two debit memoranda accompanied the bank statement: services charges for December of $25, and a $775 check drawn by Jane Jones marked “NSF”. c.Cash receipts of $9,000 on Decemb
Shown below is the information needed to prepare a bank reconciliation for Mega Communications at December 31, 2019:
a.At December 31, cash per bank statement was $16,200; cash per the company’s records was $17,225.
b.Two debit memoranda accompanied the bank statement: services charges for December of $25, and a $775 check drawn by Jane Jones marked “NSF”.
c.Cash receipts of $9,000 on December 31 were deposited at the bank by end of day but were not shown in the bankstatement until January 4.
d.The following checks had been issued (written) in December but were not included among the paid checks returned by the bank: check no. 410 for $8,000 and check no. 425 for $2,500.
e.Included in the bank statement was a check withdrawn (written) for an amount of $5,300 (rent expense) that was erroneously recorded for $3,500 in Alpha's records.
f.The bank statement shows a credit (memorandum) interest of $75.
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