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    Adjusted Bank Balance

    Uploaded by

    Christy Habel
    This document summarizes Bedlam Company's proof of cash for the month of December. It shows the beginning and ending balances per bank and book for November and December, along with receipts, disbursements, and adjustments. The adjusted bank and book balances match at the end of each month. Adjusting entries are made at December 31st to record a bank service charge and reclassify a note receivable as cash.

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    Adjusted Bank Balance

    Uploaded by

    Christy Habel
    794 views2 pages
    This document summarizes Bedlam Company's proof of cash for the month of December. It shows the beginning and ending balances per bank and book for November and December, along with receipts, disbursements, and adjustments. The adjusted bank and book balances match at the end of each month. Adjusting entries are made at December 31st to record a bank service charge and reclassify a note receivable as cash.

    Original Title

    Problem 3-7

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    This document summarizes Bedlam Company's proof of cash for the month of December. It shows the beginning and ending balances per bank and book for November and December, along with receipts, disbursements, and adjustments. The adjusted bank and book balances match at the end of each month. Adjusting entries are made at December 31st to record a bank service charge and reclassify a note receivable as cash.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    794 views2 pages

    Adjusted Bank Balance

    Uploaded by

    Christy Habel
    This document summarizes Bedlam Company's proof of cash for the month of December. It shows the beginning and ending balances per bank and book for November and December, along with receipts, disbursements, and adjustments. The adjusted bank and book balances match at the end of each month. Adjusting entries are made at December 31st to record a bank service charge and reclassify a note receivable as cash.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    Bedlam Company

    Proof of Cash
    For the month of December

    Nov-30 Receipts Disbursements


    Balance per bank 1,890,000 2,090,000 1,080,000
    Deposit in transit
    November 80,000 -80,000
    December 498,000
    Erroneous bank charge
    November 40,000 -40,000
    December -50,000
    Outstanding checks
    November -180,000 -180,000
    December 592,000
    Adjusted bank balance 1,830,000 2,468,000 1,442,000

    Balance per book 2,032,000 2,568,000 1,440,000


    Bank service charge
    November -2,000 -2,000
    December 4,000
    Note recorded as cash receipts
    November -200,000 200,000
    December -300,000
    Adjusted book balance 1,830,000 2,468,000 1,442,000

    Adjusting Entries:

    Dec. 31 Bank Service Charge 4,000


    Note Receivable 300,000
    Cash in Bank 304,000
    Dec-31
    2,900,000

    498,000

    50,000

    -592,000
    2,856,000

    3,160,000

    -4,000

    -300,000
    2,856,000

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