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Homework answers / question archive / The bank recorded a deposit of $200 as $2,000
The bank recorded a deposit of $200 as $2,000.
The company's bookkeeper mistakenly recorded a deposit of $530 as $350.
The company's bookkeeper mistakenly recorded a payment of $250 received from a customer as $25 on the bank deposit slip. The bank caught the error and made the deposit for the correct amount.
The bank statement shows a check written by the company for $255 was erroneously paid (cleared the account) as $225.
The bookkeeper wrote a check for $369 but erroneously wrote down $396 as the cash disbursement on the company's records.
You are to complete the following task:
For each error, describe to a recently hired bookkeeper how it would be shown on a cash reconciliation.
The bank recorded a deposit of $200 as $2,000.
The deduction of $1,800 ($2,000 - $200) should be made in the bank statement.
The company's bookkeeper mistakenly recorded a deposit of $530 as $350.
The addition of $180 ($530 - $350) should be made in the company's book.
The company's bookkeeper mistakenly recorded a payment of $250 received from a customer as $25 on the bank deposit slip. The bank caught the error and made the deposit for the correct amount.
The addition of $225 ($250 - $25) should be made in the company's book.
The bank statement shows a check written by the company for $255 was erroneously paid (cleared the account) as $225.
The deduction of $30 ($255 - $225) should be made in the bank statement.
The bookkeeper wrote a check for $369 but erroneously wrote down $396 as the cash disbursement on the company's records.
The addition of $27 ($396 - $369) should be made in the company's book.
please see the attached file.
