The Following Information Is Available to Reconcile Dibble Co

question 78

Essay

The following information is available to reconcile Dibble Co.'s book balance of cash with its bank statement cash balance as of April 30.The April 30 cash balance according to the accounting records is $68,356,and the bank statement cash balance for that date is $73,525.
a.The bank erroneously cleared a $480 check against the account in April that was not issued by Dibble.The check documentation included with the bank statement indicates the check was actually issued by Flushing Co.
b.$53 interest earned on Dibble's cash balance in the bank is not yet recorded by Dibble.
c.When the April checks are compared with entries in the accounting records,it is found that Check No.1828 had been correctly drawn for $1,530 to pay for advertising but was erroneously entered in the accounting records as $1,350.
d.The bank collected $9,970 cash on a note receivable for Dibble.Dibble did not record this transaction before receiving the statement.
e.The bank statement includes an NSF check for $895 received from a customer.Dibble did not record this NSF check before receiving the statement.
f.Dibble's April 30 daily cash receipts of $5,102 were placed in the bank's night depository on that date,but do not appear on the April 30 bank statement.
g.Dibble's April 30 cash payments journal indicates that Check No.1837 for $584 and Check No.1840 for $1,219 were both written and entered in the accounting records,but are not among the canceled checks.
1.Prepare the bank reconciliation for this company as of April 30.
2.Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of April 30.

---

Definitions:

Immunization

The process by which an individual's immune system becomes fortified against an agent (known as the immunogen).

Disease-Causing Organism

A pathogen, such as bacteria, viruses, fungi, or parasites, that can infect humans and animals, leading to disease.

Mucous Membranes

The moist tissue linings of various body cavities, including the mouth, nose, throat, and reproductive tract, that protect against infection.

Mechanical Barriers

Physical or structural methods used to prevent or control the entry or exit of harmful substances or organisms in a particular area.