Winsomes Watch Company has a balance in his Cash Ledger Account of $ at July
st Winsome receives her Bank Statement which shows an ending balance of
$
Winsome compares her records with the bank statement and discovers the following
reconciling items:
a The bank mistakenly adds a deposit of $ made by Winnies Window
store into Winsomes Account
b The Bank Charged Winsome a $ monthly management fee on her account
c DepositsinTransit $
d Bank Collects a $ Note Receivable from Selma Company for Winsome,
Selma also pays $ in interest to Winsome and the Bank deducts a $
Collection fee.
e Winsome discovers that Cash Sales she made on July th of $ were
recorded on the books as $ The Bank recorded the correct amount.
f Outstanding Checks $
g Winsomes customer, gave her a check for $ that was returned NSF
NonSufficient Funds
h Winsome wrote out a check for $ in payment to a vendor on an account
payable, but deducted $ from her checkbook.
Required:
Prepare a Bank Reconciliation for July st
Record the Adjusting entries in Winsomes Journal
What is the ending Balance in Winsomes Cash Account?
