Cash Reconciliation

You are to complete the following task:

For each of the following errors, describe to a recently hired bookkeeper how it would be shown on a cash reconciliation:

The bank recorded a deposit of $200 as $2,000.
The company- bookkeeper mistakenly recorded a deposit of $530 as $350.
The company- bookkeeper mistakenly recorded a payment of $250 received from a customer as $25 on the bank deposit slip. The bank caught the error and made the deposit for the correct amount.
The bank statement shows a check written by the company for $255 was erroneously paid (cleared the account) as $225.
The bookkeeper wrote a check for $369 but erroneously wrote down $396 as the cash disbursement on the company- records.
Grading Criteria

% of grade for this assignment

The bank recorded a deposit of $200 as $2,000.

20%

The company- bookkeeper mistakenly recorded a deposit of $530 as $350.

20%

The company- bookkeeper mistakenly recorded a payment of $250 received from a customer as $25 on the bank deposit slip. The bank caught the error and made the deposit for the correct amount.

20%

The bank statement shows a check written by the company for $255 was erroneously paid (cleared the account) as $225.

20%

The bookkeeper wrote a check for $369 but erroneously wrote down $396 as the cash disbursement on the company- records.

20%

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Unit Materials

Unit 4 Course Materials