a comparison of the bank statement with the general ledger cash account no 101 revea 646411

Santana Rey receives the March bank statement for Business Solutions on April 11, 2012. The

March 31 bank statement shows an ending cash balance of $67,566. A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following.

Don't use plagiarized sources. Get Your Custom Essay on
a comparison of the bank statement with the general ledger cash account no 101 revea 646411
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!
Order Essay

a. S. Rey notices that the bank erroneously cleared a $500 check against her account in March that she did not issue. The check documentation included with the bank statement shows that this check was actually issued by a company named Business Systems.

b. On March 25, the bank issued a $50 debit memorandum for the safety deposit box that Business Solutions agreed to rent from the bank beginning March 25.

c. On March 26, the bank issued a $102 debit memorandum for printed checks that Business Solutions ordered from the bank.

d. On March 31, the bank issued a credit memorandum for $33 interest earned on Business Solutions’ checking account for the month of March.

e. S. Rey notices that the check she issued for $128 on March 31, 2012, has not yet cleared the bank.

f. S. Rey verifies that all deposits made in March do appear on the March bank statement.

g. The general ledger Cash account, No. 101, shows an ending cash balance per books of $68,057 as of March 31 (prior to any reconciliation).


1. Prepare a bank reconciliation for Business Solutions for the month ended March 31, 2012.

2. Prepare any necessary adjusting entries. Use Miscellaneous Expenses, No. 677, for any bank charges.

Use Interest Revenue, No. 404, for any interest earned on the checking account for the month of March.

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Top quality papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional academic writers

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.

Free revisions

If you feel that we missed something, send the order for a free revision. You will have 10 days to send the order for revision after you receive the final paper. You can either do it on your own after signing in to your personal account or by contacting our support.

On-time delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & confidential

We use several checkers to make sure that all papers you receive are plagiarism-free. Our editors carefully go through all in-text citations. We also promise full confidentiality in all our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

You are welcome to choose your academic level and the type of your paper. Our academic experts will gladly help you with essays, case studies, research papers and other assignments.


Admission help & business writing

You can be positive that we will be here 24/7 to help you get accepted to the Master’s program at the TOP-universities or help you get a well-paid position.


Editing your paper

Our academic writers and editors will help you submit a well-structured and organized paper just on time. We will ensure that your final paper is of the highest quality and absolutely free of mistakes.


Revising your paper

Our academic writers and editors will help you with unlimited number of revisions in case you need any customization of your academic papers