Managerial Accounting: P7-33 Daniels’s March Cash T-account from its general ledger

Managerial Accounting 
P7-33 Preparing a bank reconciliation and journal entries 
This problem continues the Daniels Consulting situation from Problem P6-38 of Chapter 6. 
Daniels’s March Cash T-account from its general ledger is as follows:  
Cash 
Feb 28 Bal. 45,085 4,400 Mar. 1 (ck 207) 
Mar. 6 2,475 730 Mar. 14 (ck 208) 
Mar. 13 2,900 1,450 Mar. 14 (ck 209) 
Mar. 20 4,800 190 Mar. 28 (ck 210) 
Mar. 27 3,680 500 Mar. 30 (ck 211) 
Mar 31. Bal 51,670 

Daniels’s bank statement dated March 31, 2017, follows:  
Bank Statement for March 207 
Beginning Balance, February 28, 2017 45,505 
Deposits and other credits: 
Mar. 1 675 
Mar. 8 2,475 
Mar. 14 2,900 
Mar. 20 EFT Hip Hop Hats (on account) 550 
Mar. 22 4,800 
Mar. 28 Interest revenue 25 11,425 
Checks and other debits: 
Mar. 2 EFT to Paper Products 34 
Mar. 2 ck#206 1,095 
Mar. 18 ck#207 4,400 
Mar. 19 ck#209 1,450 
Mar. 28 EFT to The Cable Co. 85 
Mar. 28 ck#208 730 
Bank Service Charge 13 7,807 
Ending Balance, March 31, 2017 $49,123 

Requirements  
1. Prepare the March bank reconciliation.  
2. Journalize any transactions required from the bank reconciliation. Compute the adjusted account balance for the Cash T-account, and denote the balance as End. Bal.  
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