On December 31 the company's record showed a balance for the cash account of $4,007...
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Accounting
On December 31 the company's record showed a balance for the cash account of $4,007 The bank statement showed a balance at December 31 of $ 6,507 1.- Reconcile the balance of cash per depositors records and bank statement taking into account the following information A check for payment of merchandises issued by our client Mr. Paylate for $3,000 was rejected because of insufficient funds on the client's bank account. The company sent a check to the bank by postal mail, not yet credited on its account, for $1,500 A payment of a note receivable was directly credited on the company's bank account for $6,200 Check number 42 made by the company for the purchase of furniture for an amount of $800 has not cleared the company's bank account yet. 2.- Prepare the journal entries resulting from the bank reconciliation (15 points)
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