On December 31, 2013, Designer's Warehouse received a bank statement with an ending balance of $19,500. The balance in the firm's checkbook and Cash account on the same date was $20,580. The difference between the two balances is caused by the items listed below. Instructions:
1. Prepare a bank reconciliation statement for the firm as of December 31, 2013.
2. Record entries for any items on the bank reconciliation statement that must be journalized. Date the entries December 31, 2013. Use page 19 of a general journal.

Question

On December 31, 2013, Designer's Warehouse received a bank statement with an ending balance of $19,500. The balance in the firm's checkbook and Cash account on the same date was $20,580. The difference between the two balances is caused by the items listed below.  Instructions:
1. Prepare a bank reconciliation statement for the firm as of December 31, 2013.
2. Record entries for any items on the bank reconciliation statement that must be journalized. Date the entries December 31, 2013. Use page 19 of a general journal.

Quizplus · Accepted Answer

The Answer of On December 31, 2013, Designer's Warehouse received a bank statement with an ending balance of $19,500. The balance in the firm's checkbook and Cash account on the same date was $20,580. The difference between the two balances is caused by the items listed below.  Instructions:
1. Prepare a bank reconciliation statement for the firm as of December 31, 2013.
2. Record entries for any items on the bank reconciliation statement that must be journalized. Date the entries December 31, 2013. Use page 19 of a general journal.

On December 31, 2013, Designer's Warehouse Received a Bank Statement