Dinah Corp.prepares monthly bank reconciliations of its checking account balance.The bank statement for June 2013 indicated the following:
$\begin{array}{ll}
\text {Balance, June 30, 2013 } &\$ 63,400 \
\text { Bank service charges for June } &160 \
\text { Interest earned duing June } &100 \
\text { NSF Check from a customer which had been previously deposited by Dinah } &1,150 \
\text { Collection of note (\$ 3,000) and the related interest (\$ 80) from Dinah's } \
\text { customer } &3,080
\end{array}$ An analysis of canceled checks and deposits and the records of Dinah revealed the following items:
$\begin{array}{ll}
\text { Che cking account balance per Dinah's accounting records } &\$ 58,770 \
\text { Outstanding checks as of June 30 } &4,630 \
\text { Deposits in transit on Juxe 30 } &1,780 \
\text { Error in recording check \# 3549 issued by Dinah } &90
\end{array}$ The correct amount of check # 3549 is $760,but it was recorded as a cash disbursement of $670.The check was issued to pay for merchandise purchased.The check was written correctly and appeared on the bank statement correctly.
A) Prepare a bank re concliation in proper form for Jwne 30, 2013.

Question

Dinah Corp.prepares monthly bank reconciliations of its checking account balance.The bank statement for June 2013 indicated the following:
 $\begin{array}{ll}
\text {Balance, June 30, 2013  } &\$ 63,400 \
\text { Bank service charges for June } &160 \
\text { Interest earned duing June } &100 \
\text { NSF Check from a customer which had been previously deposited by Dinah } &1,150 \
\text { Collection of note (\$ 3,000)  and the related interest (\$ 80) from Dinah's } \
\text { customer } &3,080
\end{array}$ An analysis of canceled checks and deposits and the records of Dinah revealed the following items:
 $\begin{array}{ll}
\text {  Che cking account balance per Dinah's accounting records } &\$ 58,770 \
\text { Outstanding checks as of June 30 } &4,630 \
\text { Deposits in transit on Juxe 30 } &1,780 \
\text { Error in recording check \# 3549 issued by Dinah } &90
\end{array}$ The correct amount of check # 3549 is $760,but it was recorded as a cash disbursement of $670.The check was issued to pay for merchandise purchased.The check was written correctly and appeared on the bank statement correctly.
 A) Prepare a bank re concliation in proper form for Jwne 30, 2013.

Quizplus · Accepted Answer

The Answer of Dinah Corp.prepares monthly bank reconciliations of its checking account balance.The bank statement for June 2013 indicated the following:
 $\begin{array}{ll}
\text {Balance, June 30, 2013  } &\$ 63,400 \
\text { Bank service charges for June } &160 \
\text { Interest earned duing June } &100 \
\text { NSF Check from a customer which had been previously deposited by Dinah } &1,150 \
\text { Collection of note (\$ 3,000)  and the related interest (\$ 80) from Dinah's } \
\text { customer } &3,080
\end{array}$ An analysis of canceled checks and deposits and the records of Dinah revealed the following items:
 $\begin{array}{ll}
\text {  Che cking account balance per Dinah's accounting records } &\$ 58,770 \
\text { Outstanding checks as of June 30 } &4,630 \
\text { Deposits in transit on Juxe 30 } &1,780 \
\text { Error in recording check \# 3549 issued by Dinah } &90
\end{array}$ The correct amount of check # 3549 is $760,but it was recorded as a cash disbursement of $670.The check was issued to pay for merchandise purchased.The check was written correctly and appeared on the bank statement correctly.
 A) Prepare a bank re concliation in proper form for Jwne 30, 2013.

Dinah Corp An Analysis of Canceled Checks and Deposits and the Records