Gibson Energy Ltd.'s general ledger account for Cash in Bank showed the following at December 31, 2019: Date Nov. 30 Dec. 1-31 Dec. 1-31 Description Balance (overdraft) Cash receipts Cash Payments Date Dec. 5 7 9 12 15 21 24 26 28 31 Cash in Bank Deposits December deposits made and checks issued were as follows: Amount Folio 30,000 210,000 85,000 32,000 26,000 420,000 16,000 51,000 21,000 15,000 $813,000 CRJ10 CDJ21 Debit 813,000 No. Checks 232 233 234 235 236 237 238 239 Credit 972,000 Amount 110,000 83,000 25,000 59,000 590,000 17,000 28,000 77,000 $972,000 Acct. No. 101 Balance DR (CR) 221,000 1,034,000 62,000
Gibson Energy Ltd.'s general ledger account for Cash in Bank showed the following at December 31, 2019: Date Nov. 30 Dec. 1-31 Dec. 1-31 Description Balance (overdraft) Cash receipts Cash Payments Date Dec. 5 7 9 12 15 21 24 26 28 31 Cash in Bank Deposits December deposits made and checks issued were as follows: Amount Folio 30,000 210,000 85,000 32,000 26,000 420,000 16,000 51,000 21,000 15,000 $813,000 CRJ10 CDJ21 Debit 813,000 No. Checks 232 233 234 235 236 237 238 239 Credit 972,000 Amount 110,000 83,000 25,000 59,000 590,000 17,000 28,000 77,000 $972,000 Acct. No. 101 Balance DR (CR) 221,000 1,034,000 62,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11MC
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Required:
1.Complete the bank reconciliation at December 31, 2019.
2 . Prepare the
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