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Accounting Review Problem 7

 

Bank Reconciliation

 

The information below comes from the records of the Maynard Company. The credit memorandum on April 15 is for the collection of a note, including $100 in interest. Check numbers 1714 for $210 and 1715 for $70 were outstanding on March 31.

 

cash receipts journal

cash payment journal

general ledger

bank statement

 

Required:

 

Perform the following actions:

  1. Prepare a bank reconciliation as of April 30, 20xx.
  2. Prepare appropriate entries in general journal form.

 

 

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