# ACCT311 UNIT41P

## ACCT311 UNIT41P

For each of the following errors, describe to a recently hired bookkeeper how it would be shown on cash reconciliation:
• The bank recorded a deposit of \$200 as \$2,000.
• The company’s bookkeeper mistakenly recorded a deposit of \$530 as \$350.
• The company’s bookkeeper mistakenly recorded a payment of \$250 received from a customer as \$25 on the bank deposit slip. The bank caught the error and made the deposit for the correct amount.
• The bank statement shows a check written by the company for \$255 was erroneously paid (cleared the account) as \$225.
• The bookkeeper wrote a check for \$369 but erroneously wrote down \$396 as the cash disbursement on the company’s records.

Balance per bank Balance per books
1. The bank recorded a deposit of \$200 as \$2,000. \$ (1,800)
2. The company’s bookkeeper mistakenly recorded a deposit of \$530 as \$350. \$ 180
3. The company’s bookkeeper mistakenly recorded a payment of \$250 received from a customer as \$25 on the bank deposit slip. The bank caught the error and recorded the deposit for the correct amount.
\$ 225
4. The bank statement shows a check written by the company for \$255 was paid by the bank for \$225 in error.
\$ (30)
5. The bookkeeper wrote a check for \$369 but erroneously wrote down \$396 as the cash disbursement on the company’s records. \$27

1) \$2,000 - \$200 = \$1,800 – to be added to the balance per bank
2) \$530 - \$350 = \$180 – to be added to the balance per books
3) \$250 - \$25 = \$225 - to be added to the balance per books
4) \$255 - \$225 = \$30 – to be deducted from balance per bank
5) \$396 - \$369 = \$25 – to be added to balance per books

Total cash to added is \$1,927

1. Bank recorded a deposit of \$200 as \$2000:Recall that bank reconciliation is a report prepared by the company to compare the bank statement with the company’s records. This report is prepared after receiving the bank statement. The balance per bank is the...