You Have Recently Started a Part Time Job in the Accounting

question 98

Essay

You have recently started a part time job in the accounting department of Burris Limited. The accountant, Ted Landry, had prepared the company's bank reconciliation for June 20X3. After completing the reconciliation, he made the following journal entry:
$$\begin{array} { | l | l | r | r | } \hline \text { June } 30 & \text { Cash } & 2,390 & \\\hline & \text { Bank Charges Expense } & 124 & \\\hline & \text { Accounts Receivable } ( \$ 3,000 \text { collection less } \$ 500 & & 2,500 \\& \text { NSF) } & & \\\hline & \text { Interest Earned } & & 14 \\\hline\end{array}$$ Ted was reviewing the bank reconciliation with you when, unfortunately, you spilled your coffee on it. He asks you to rewrite the reconciliation, in good form. He remembers that the only outstanding deposit was the last deposit for the month. You check the general ledger and the bank balance at June 30 was $24,527 (credit). You also check the bank statement and the balance was $22,314 (credit, i.e. overdrawn). You look up the last deposit for the month-it was for $21,789. Required: Using the above information prepare, in good form, the bank reconciliation for Burris Limited for June.

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Definitions:

Depression

A psychological disorder featuring a constant state of depression or a diminished interest in activities, leading to substantial difficulties in daily operations.

Suicide Risk

The likelihood that an individual will attempt to take their own life, often assessed in clinical settings to prevent self-harm.

Electroconvulsive Therapy

A medical treatment involving small electric currents passed through the brain, intentionally triggering a brief seizure to treat certain mental disorders.

Adjunctive Therapy

An additional treatment used together with the primary treatment to enhance its effectiveness.