Dillman Food Store Developed the Following Information in Recording Its

question 17

Essay

Dillman Food Store developed the following information in recording its bank statement for the month of March.
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(1) Checks written in March but still outstanding $7,000.
(2) Checks written in February but still outstanding $2,800.
(3) Deposits of March 30 and 31 not yet recorded by bank $5,200.
(4) NSF check of customer returned by bank $1,200.
(5) Check No. 210 for $594 was correctly issued and paid by bank but incorrectly entered in the cash payments journal as payment on account for $549.
(6) Bank service charge for March was $50.
(7) A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared the bank in March.
(8) The bank collected a note receivable for the company for $4,000 plus $150 interest revenue.
Instructions
Prepare a bank reconciliation at March 31.

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Definitions:

Skill Variety

The degree to which a job or role requires a person to use a wide range of different skills and abilities.

Job Characteristics Model

A framework that proposes that certain job characteristics (skill variety, task identity, task significance, autonomy, and feedback) influence job outcomes through their impact on three critical psychological states.

Empowerment

Enabling individuals or groups to have the confidence and resources to make decisions and implement changes in their work or community.

Expectancy Model

A psychological theory suggesting that people are motivated to act in certain ways based on their expectations of the outcome and the value they place on that outcome.