P7-4a- laroche company-bank reconciliation statement & journal entries


P7-4A- LAROCHE COMPANY-Bank reconciliation statement & Journal entries

The bank portion of the bank reconciliation for LaRoche Company at October 31, 2014, is shown below.

LAROCHE COMPANY
Bank Reconciliation
October 31, 2014

Cash balance per bank

     

$12,762.79

Add: Deposits in transit

     

1,530.20

Less: Outstanding checks

     

14,292.99

Check Number

 

Check Amount

   

2451

 

$ 1,260.40

   

2470

 

684.20

   

2471

 

844.50

   

2472

 

428.96

   

2474

 

1,050.00

 

4,268.06

Adjusted cash balance per bank

     

$10,024.93


The adjusted cash balance per bank agreed with the cash Cash balance per books at October 31. The November bank statement showed the following checks and deposits.

Bank Statement

Checks

 

Deposits

Date

 

Number

 

Amount

 

Date

 

Amount

11-1

 

2470

 

$ 684.20

 

11-1

 

$ 1,530.20

11-2

 

2471

 

844.50

 

11-4

 

1,211.60

11-5

 

2474

 

1,050.00

 

11-8

 

990.10

11-4

 

2475

 

1,640.70

 

11-13

 

2,575.00

11-8

 

2476

 

2,830.00

 

11-18

 

1,472.70

11-10

 

2477

 

600.00

 

11-21

 

2,945.00

11-15

 

2479

 

1,730.00

 

11-25

 

2,567.30

11-18

 

2480

 

1,330.00

 

11-28

 

1,650.00

11-27

 

2481

 

695.40

 

11-30

 

1,186.00

11-30

 

2483

 

575.50

 

Total

 

16,127.90

11-29

 

2486

 

940.00

       
   

Total

 

$12,920.30

       


The cash records per books for November showed the following.

Cash Payments Journal

 

Cash Receipts Journal

Date

 

Number

 

Amount

 

Date

 

Number

 

Amount

 

Date

 

Amount

11-1

 

2475

 

$1,640.70

 

11-20

 

2483

 

$ 575.50

 

11-3

 

$ 1,211.60

11-2

 

2476

 

2,830.00

 

11-22

 

2484

 

827.34

 

11-7

 

990.10

11-2

 

2477

 

600.00

 

11-23

 

2485

 

974.80

 

11-12

 

2,575.00

11-4

 

2478

 

538.20

 

11-24

 

2486

 

940.00

 

11-17

 

1,472.70

11-8

 

2479

 

1,703.00

 

11-29

 

2487

 

398.00

 

11-20

 

2,954.00

11-10

 

2480

 

1,330.00

 

11-30

 

2488

 

800.00

 

11-24

 

2,567.30

11-15

 

2481

 

695.40

 

Total

     

$14,464.94

 

11-27

 

1,650.00

11-18

 

2482

 

612.00

             

11-29

 

1,186.00

                       

11-30

 

1,698.89

                       

Total

 

$16,305.59

                               


The bank statement contained two bank memoranda:

1.

 

A credit of $2,344.40 for the collection of a $2,202.40 note for LaRoche Company plus interest of $157.00 and less a collection fee of $15.00. LaRoche Company has not accrued any interest on the note.

2.

 

A debit for the printing of additional company checks $87.16.


At November 30, the cash balance per books was $11,865.58 and the cash balance per bank statement was $18,227.63. The bank did not make any errors, but LaRoche Company made two errors.

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees


We value our customers, and so ensure that our papers are 100 percent original. Our Team of professionals does not miss the mark; they ensure that step by step each paper is written uniquely. We never duplicate or work as we compare papers rest assured. We deliver our work a day before time to ensure that you don’t miss your deadlines. It is not only doing the work but delivering it at the right time. We capture the consequences of late remittances. .

Money-back guarantee

We value customer satisfaction here at popularessaywriters.com and make sure that you get the best value for your Money. It happens that sometimes you can pay twice for your order or may want to cancel it, or you feel that it doesn’t meet your requirements; our money back guarantee will give you the opportunity to get back your money. We will also refund 100% of money paid double. In case your paper does not satisfy your requirements , we request that you notify us via writing within 2 days otherwise on the third day we will assume that you have been satisfied. Do all your correspondences through our email address popularessaywriters@gmail.com.

Read more

Zero-plagiarism guarantee

At popularessaywriters.com, our professional writers know the consequence plagiarism does for our clients. We have updated software’s such as article checker and copyscape to check for originality of the custom papers before submission of the final paper to the you. Our guarantee to the customer is that we will write 100% original papers for them that are quality, timely and of low cost. We have experienced professional and competent PhD writers who will write quality custom papers for you..

Read more

Free-revision policy

. At popularessaywriters.com, we are proud to provide top-quality Essay writing service to our esteemed customers. We are ready to take up that challenging academic assignment that is giving you sleepless nights and simplify it for you according to your desired requirements. We are willing to revise your paper if it does not meet your requirements. At popularessaywriters.com, we do not compromise with quality; thus, we offer unlimited free revisions until the customer is satisfied with their custom paper. Our unlimited free revision services are provided under the following terms:.. .

Read more

Privacy policy

Popularessawriters.com knows that client’s information is an essential tool for our company. It means that whatever the client requests from our service is kept strictly confidential. It means that whoever writes for this company understands the terms and conditions hence you should not be worried because you will never see your work somewhere else...

Read more

Fair-cooperation guarantee

Rest assured that we will always be attentive to your needs and requirements. We belief in the phrase treat your neighbour as you would want them to treat you. We leave nothing to chance and always look forward to a good interaction with each other.. .

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency