# A sample problem. The cash in bank account for J. B. Lindsay Co. at May 31 of the current year indicated a balance of \$14,691.80 after both the cash receipts.

## Presentation on theme: "A sample problem. The cash in bank account for J. B. Lindsay Co. at May 31 of the current year indicated a balance of \$14,691.80 after both the cash receipts."— Presentation transcript:

a sample problem

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Beginning Balance 19,913.90 (b) Deposits in transit 4,945.20 Beginning Balance 14,691.80 (a) Outstanding checks 7,070.10 19

Beginning Balance 19,913.90 (b) Deposits in transit 4,945.20 Beginning Balance 14,691.80 (c) Note and Interest 3,120.00 (a) Outstanding checks 7,070.10 21

Beginning Balance 19,913.90 (b) Deposits in transit 4,945.20 Beginning Balance 14,691.80 (c) Note and Interest 3,120.00 (a) Outstanding checks 7,070.10(d) Printed checks 40.00 23

Beginning Balance 19,913.90 (b) Deposits in transit 4,945.20 Beginning Balance 14,691.80 (c) Note and Interest 3,120.00 (a)Outstanding checks 7,070.10 (e) Error in deposit 30.00 (d) Printed checks 40.00 25

Beginning Balance 19,913.90 (b) Deposits in transit 4,945.20 Beginning Balance 14,691.80 (c) Note and Interest 3,120.00 (f) Error in check 27.00 (a)Outstanding checks 7,070.10 (e) Error in deposit 30.00 (d) Printed checks 40.00 27

Beginning Balance 19,913.90 (b) Deposits in transit 4,945.20 (g) Error in check 18.00 Beginning Balance 14,691.80 (c) Note and Interest 3,120.00 (f) Error in check 27.00 (a)Outstanding checks 7,070.10 (e) Error in deposit 30.00 (d) Printed checks 40.00 29

Beginning Balance 19,913.90 (b) Deposits in transit 4,945.20 (g) Error in check 18.00 Beginning Balance 14,691.80 (c) Note and Interest 3,120.00 (f) Error in check 27.00 (a)Outstanding checks 7,070.10 (e) Error in deposit 30.00 (d) Printed checks 40.00 (h) Bank service charges 21.80 31

Beginning Balance 19,913.90 (b) Deposits in transit 4,945.20 (g) Error in check 18.00 Beginning Balance 14,691.80 (c) Note and Interest 3,120.00 (f) Error in check 27.00 (a)Outstanding checks 7,070.10 (e) Error in deposit 30.00 (d) Printed checks 40.00 (h) Bank service charges 21.80 32

Beginning Balance 19,913.90 (b) Deposits in transit 4,945.20 (g) Error in check 18.00 Beginning Balance 14,691.80 (c) Note and Interest 3,120.00 (f) Error in check 27.00 (a)Outstanding checks 7,070.10 (e) Error in deposit 30.00 (d) Printed checks 40.00 (h) Bank service charges 21.80 35

Beginning Balance 19,913.90 (b) Deposits in transit 4,945.20 (g) Error in check 18.00 Beginning Balance 14,691.80 (c) Note and Interest 3,120.00 (f) Error in check 27.00 (a)Outstanding checks 7,070.10 (e) Error in deposit 30.00 (d) Printed checks 40.00 (h) Bank service charges 21.80 41

Beginning Balance 19,913.90 (b) Deposits in transit 4,945.20 (g) Error in check 18.00 Beginning Balance 14,691.80 (c) Note and Interest 3,120.00 (f) Error in check 27.00 (a)Outstanding checks 7,070.10 (e) Error in deposit 30.00 (d) Printed checks 40.00 (h) Bank service charges 21.80 47

Beginning Balance 19,913.90 (b) Deposits in transit 4,945.20 (g) Error in check 18.00 Beginning Balance 14,691.80 (c) Note and Interest 3,120.00 (f) Error in check 27.00 (a)Outstanding checks 7,070.10 (e) Error in deposit 30.00 (d) Printed checks 40.00 (h) Bank service charges 21.80 55

DateAccount TitleRef.DebitCredit 5/31Cash3,147.00 Notes Receivable3,000.00 Interest Revenue120.00 Accounts Payable27.00 67

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