Roper Electronics Received Its Bank Statement for the Month of August

question 88

Essay

Roper Electronics received its bank statement for the month of August with an ending balance of $11,740.00. Roper determined that check #613 for $155.00 and check #601 for $420.00 were both outstanding. Also, a $6,900.00 deposit for August 30th was in transit as of the end of the month. Northern Regional Bank also collected a $5,000.00 notes receivable on August 1st that was issued March 1st at 12% annual interest. No interest revenue has been accrued on this note and Northern Regional Bank charged a $35.00 fee for the collection service.The bank statement reveals a bank service charge of $20.00. A customer check for $68.00 was returned with the bank statement marked "NSF". The ending balance of the Roper cash account is $12,938.00.
Complete a bank/account reconciliation and prepare any necessary journal entries for the reconciliation.

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Definitions:

Schizophrenic Person

An individual diagnosed with schizophrenia, a serious mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Odd Behavior

Actions or conduct that deviate significantly from what is considered normal or socially acceptable.

Schizophrenia

A mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Daily Functioning

Refers to an individual's ability to perform essential activities required for day-to-day living, such as bathing, dressing, eating, and managing tasks.