Skip to content
Home » Accounting Class Homework Help » ac 101 chapter 8 q Problem 8 – 2 The following information pertains…

ac 101 chapter 8 q Problem 8 – 2 The following information pertains…

ac 101 chapter 8 qProblem 8 – 2

The following information pertains to Ferguson Corp. at December 31, 2017, its year-end:

Cash per company records

Cash per bank statement

Bank service charges not yet recorded in company records

Note collected by bank not yet recorded in company records, including $25 of interest

December deposit recorded by the bank January 3, 2018

December checks not yet paid by bank in December

$5,005
7,000
30
 

1,325

900
 
 
#631     $354  
#642     746  
#660     200  
#661     300  
      $1,600  

Required: Prepare a bank reconciliation and all necessary adjusting journal entries at December 31, 2017.