Acct311 Unit41P

ACCT311 UNIT41P

For each of the following errors, describe to a recently hired bookkeeper how it would be shown on cash reconciliation:

• 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.

| | |Balance per bank |Balance per books |

| | |add to |deduct from |add to |deduct from |

|1. |The bank recorded a deposit of $200 as $2,000. | |$ (1,800) | | |

|2. |The company’s bookkeeper mistakenly recorded a deposit of $530 | | |$ 180 | |

| |as $350. | | | | |

|3. |The company’s bookkeeper mistakenly recorded a payment of $250 | | | | |

| |received from a customer as $25 on the bank deposit slip. The | | |$ 225 | |

| |bank caught the error and recorded the deposit for the correct | | | | |

| |amount. | | | | |

|4....