+1(805) 568 7317

question roper electronics received its bank statement for the month of august with 4291273


Roper Electronics received its bank statement for the month of August with an ending balance of $12,120.00. Roper determined that check #613 for $222.00 and check #601 for $480.00 were both outstanding. Also, a $6,450.00 deposit for August 30th was in transit as of the end of the month. Northern Regional Bank also collected a $5,000.00 notes receivable on August 1st that was issued March 1st at 6% annual interest. No interest revenue has been accrued on this note and Northern Regional Bank charged a $50.00 fee for the collection service.The company’s morning reports resulted in a bank service charge of $25.00 and a customer check for $120.00 was returned with the statement marked “NSF”. The ending balance of the Roper cash account is $12,938.00. Complete a bank/account reconciliation and write any necessary journal entries for the reconciliation.

"Order a similar paper and get 15% discount on your first order with us
Use the following coupon

Order Now