March 31, 2019Balance on bankstatementAdditions:Deductions:Total deductionsAdjusted bankbalanceBalance in booksAdditions:Deductions:Adjusted bookbalance
Di Stefano Office Supply Company received a bank statementshowing a balance of $70,005 as of March 31, 2019. The firmâsrecords showed a book balance of $71,487 on March 31. Thedifference between the two balances was caused by the followingitems.
A debit memorandum for $40, which covers the bankâs collectionfee for the note (item 6).
A deposit in transit of $4,700.
A check for $348 issued by another firm that was mistakenlycharged to Di Stefanoâs account.
A debit memorandum for an NSF check of $6,145 issued by WozniakConstruction Company, a credit customer.
Outstanding checks: Check 3782 for $2,200; Check 3840 for$251.
A credit memorandum for a $7,300 noninterest-bearing notereceivable that the bank collected for the firm.
Prepare a bank reconciliation statement for the firm as of March31. Prepare the necessary journal entries for March 31, 2019 fromthe statement.
March 31, 2019Balance on bankstatementAdditions:Deductions:Total deductionsAdjusted bankbalanceBalance in booksAdditions:Deductions:Adjusted bookbalance
Di Stefano Office Supply Company received a bank statementshowing a balance of $70,005 as of March 31, 2019. The firmâsrecords showed a book balance of $71,487 on March 31. Thedifference between the two balances was caused by the followingitems.
A debit memorandum for $40, which covers the bankâs collectionfee for the note (item 6).
A deposit in transit of $4,700.
A check for $348 issued by another firm that was mistakenlycharged to Di Stefanoâs account.
A debit memorandum for an NSF check of $6,145 issued by WozniakConstruction Company, a credit customer.
Outstanding checks: Check 3782 for $2,200; Check 3840 for$251.
A credit memorandum for a $7,300 noninterest-bearing notereceivable that the bank collected for the firm.
Prepare a bank reconciliation statement for the firm as of March31. Prepare the necessary journal entries for March 31, 2019 fromthe statement.
