Grier Food Store Used the Following Information in Recording Its

question 65

Essay

Grier Food Store used the following information in recording its bank reconciliation for the month of April. (1) Checks written in April but still outstanding $6,300.
(2) Checks written in March but still outstanding $2,800.
(3) Deposits of April 30 not yet recorded by bank $4,900.
(4) NSF check of customer returned by bank $500.
(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 April was $40.
(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 April.
(8) The bank collected a note receivable for the company of $6,000 plus $240 interest revenue.
Instructions
Prepare a bank reconciliation at April 30.

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Definitions:

Positive Response

An affirmative or favorable reaction to a stimulus or situation.

Depression

A mood disorder characterized by persistent feelings of sadness, emptiness, or hopelessness, along with other emotional and physical symptoms.

Session

A meeting or period devoted to a particular activity, such as therapy, training, or research, usually characterized by a defined start and end time.

Gestalt Therapy

A form of psychotherapy that emphasizes personal responsibility and focuses on the individual's experience in the present moment, the therapist-client relationship, the environmental and social contexts of a person's life, and the self-regulating adjustments people make as a result of their overall situation.