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Bank Recomciliation and entries The cash account for Norwegian...

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Accounting

Bank Recomciliation and entries
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The cash account for Norwegian Medical Co at,Apni 30 indicated a batance of 585,920 . The bank statement indicated a batance of $127,910 on Apnt 30 . Companng the bank stasement and the accompanyno canceled checis and memos with the reconds reyealed the folonieng reconcting inent: a. Checks outsanding lotaled $32,540. b. Adeposit of 518,540 , repreventing receipts of Aprit 20 , fad been made too late to appear on the bank statement. c. The bank collected $29,425 on a $27,500 note, induding interest of $1,925. d. Acheck for $1,350 retumed with the statement had been incorrecty recorded by Norwegian Medical Co as $135. The chock was for the payment of an obligason to Universai Supply Co. for a purchase on account e. Acheck drawn for $570 had been enoneoutly charoed by the bank as 5750 I Bank service charges for Apnl amounied to $40 Bank reconcillation and entries Instructions Chart of Aocounts Labels and Amount Descriptions Bswic Reconaliditon Jotimal Final

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