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Adjusted Bank Balance

This document summarizes Bedlam Company's proof of cash for the month of December. It shows the beginning and ending balances per bank and book for November and December, along with receipts, disbursements, and adjustments. The adjusted bank and book balances match at the end of each month. Adjusting entries are made at December 31st to record a bank service charge and reclassify a note receivable as cash.

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Christy Habel
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937 views

Adjusted Bank Balance

This document summarizes Bedlam Company's proof of cash for the month of December. It shows the beginning and ending balances per bank and book for November and December, along with receipts, disbursements, and adjustments. The adjusted bank and book balances match at the end of each month. Adjusting entries are made at December 31st to record a bank service charge and reclassify a note receivable as cash.

Uploaded by

Christy Habel
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Bedlam Company

Proof of Cash
For the month of December

Nov-30 Receipts Disbursements


Balance per bank 1,890,000 2,090,000 1,080,000
Deposit in transit
November 80,000 -80,000
December 498,000
Erroneous bank charge
November 40,000 -40,000
December -50,000
Outstanding checks
November -180,000 -180,000
December 592,000
Adjusted bank balance 1,830,000 2,468,000 1,442,000

Balance per book 2,032,000 2,568,000 1,440,000


Bank service charge
November -2,000 -2,000
December 4,000
Note recorded as cash receipts
November -200,000 200,000
December -300,000
Adjusted book balance 1,830,000 2,468,000 1,442,000

Adjusting Entries:

Dec. 31 Bank Service Charge 4,000


Note Receivable 300,000
Cash in Bank 304,000
Dec-31
2,900,000

498,000

50,000

-592,000
2,856,000

3,160,000

-4,000

-300,000
2,856,000

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