Use the Information Below for Jamie Horiwitz Co

question 118

Essay

Use the information below for Jamie Horiwitz Co. for March 31, to prepare a bank reconciliation to determine the balance in the Cash account as of March 31, before any reconciling items.
• Adjusted bank balance as of March 31 was $6,365.
• Outstanding checks totaled $850.
• Bud Harper's check for $260 was returned for NSF.
• March's service charge was $25.
• Bank collected $2,550 a note receivable for the company, which included interest of $50.
• A new bookkeeper had problems posting checks:
# 930 for Rent Expense written for $900, recorded as $90
#1207 for Office Equipment written for $8,450, recorded as $4,850.
• A deposit was shown on the bank statement as $965, when the deposit ticket was correctly totaled to be $695.
• Deposits made at month-end totaled $4,516; these were not shown on bank statement.

---

Definitions:

Organizes

The act of arranging or structuring elements in a systematic way for efficiency and functionality.

Retrieves

The process of getting back information or objects that were stored or kept away.

Alters

Alternate identities or personalities within an individual, often associated with dissociative identity disorder (DID), where a person's identity is fragmented into two or more distinct states.

Retention

The ability to hold, preserve, and recall information or experiences over time.