48Please refer to the following bank reconciliation:
BANK
|
|
BOOK
|
|
Balance, June 30, 2013
|
$10,241.43
|
Balance, June 30, 2013
|
$9,745.06
|
ADD:
|
|
ADD:
|
|
Deposit in transit
|
5,113.40
|
Note collected by bank
|
1,900.00
|
|
|
Interest revenue
|
75.00
|
LESS:
|
|
|
|
Outstanding Check # 506
|
(1,948.52)
|
LESS:
|
|
Outstanding Check # 510
|
(1,800.25)
|
NSF check
|
(79.00)
|
|
|
Bank service charge
|
(35.00)
|
|
|
|
|
Adjusted balance, June 30, 2013
|
$11,606.06
|
Adjusted balance, June 30, 2013
|
$11,606.06
|
Please prepare the adjusting entry for the second reconciling item (interest revenue.)
49Please refer to the following bank reconciliation:
BANK
|
|
BOOK
|
|
Balance, June 30, 2013
|
$10,241.43
|
Balance, June 30, 2013
|
$9,745.06
|
ADD:
|
|
ADD:
|
|
Deposit in transit
|
5,113.40
|
Note collected by bank
|
1,900.00
|
|
|
Interest revenue
|
75.00
|
LESS:
|
|
|
|
Outstanding Check # 506
|
(1,948.52)
|
LESS:
|
|
Outstanding Check # 510
|
(1,800.25)
|
NSF check
|
(79.00)
|
|
|
Bank service charge
|
(35.00)
|
|
|
|
|
Adjusted balance, June 30, 2013
|
$11,606.06
|
Adjusted balance, June 30, 2013
|
$11,606.06
|
Please prepare the adjusting entry for the third reconciling item (NSF check.)
51Please refer to the following bank reconciliation:
BANK
|
|
BOOK
|
|
Balance, June 30, 2013
|
$10,241.43
|
Balance, June 30, 2013
|
$9,745.06
|
ADD:
|
|
ADD:
|
|
Deposit in transit
|
5,113.40
|
Note collected by bank
|
1,900.00
|
|
|
Interest revenue
|
75.00
|
LESS:
|
|
|
|
Outstanding Check # 506
|
(1,948.52)
|
LESS:
|
|
Outstanding Check # 510
|
(1,800.25)
|
NSF check
|
(79.00)
|
|
|
Bank service charge
|
(35.00)
|
|
|
|
|
Adjusted balance, June 30, 2013
|
$11,606.06
|
Adjusted balance, June 30, 2013
|
$11,606.06
|
Please prepare the adjusting entry for the fourth reconciling item (bank service charge.)
51Please refer to the following information needed to reconcile the cash balance for Woods Paper Products.
?A deposit of $5,794.62 is in transit.
?Outstanding checks total $1,533.25.
?The book balance is $5,695.62.
?The bookkeeper recorded a $1,524.00 check as $15,240 in payment of the current month's rent.
?The bank balance at February 28, 2008 was $16,500.25.
?A deposit of $300 was credited by the bank for $3,000.
?A customer's check for $1,280 was returned for nonsufficient funds.
?The bank service charge is $70.
Refer to the above information for Woods Paper Products. Complete a bank reconciliation for Woods Paper Products as of February 28, 2012 in the format below.