The Following Information Is Available for Jade Company for the Month

question 103

Essay

The following information is available for Jade Company for the month ending June 30, 2014.
• Balance as per the bank statement is $11,240.
• Balance as per books is $10,200.
• Check #506 for $1,200 and check #510 for $900 were not shown on the June 30, bank statement.
• A deposit in transit of $3,110 had not been received by the bank when the bank statement was generated.
• A bank debit memo indicated an NSF check for $85 written by Jane Smith to Jade Company on June 13.
• A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue of $55 on June 20.
• The bank statement indicated service charges of $20.
Prepare bank reconciliation for Jade Company for June 30, 2014.

---

Definitions:

Mycoplasma

A genus of bacteria that lack a cell wall, making them resistant to many common antibiotics and causing various diseases in humans and animals.

Peptidoglycan

A polymer that makes up the cell walls of most bacteria, consisting of sugars and amino acids, and provides structural strength to the bacterial cell wall.

Cell Walls

Rigid or semi-rigid structures surrounding the cell membrane of plants, fungi, and some bacteria, providing shape, support, and protection.

Cyanobacteria

Photosynthetic bacteria that produce oxygen as a by-product, playing a key role in the early oxygenation of the Earth's atmosphere.