Making deposits and reconciling a bank statement.
Part A: Making deposits p. 169, Assignment 7.4 Plunkett’s Procedures for the Medical Administrative Assistant
Enter the following information on a deposit slip for Dr. Plunkett: date, January 13, 2012; cash $152.57 consisting of 9 ones, 4 twos, 3 fives, 6 tens, 3 twenties, and 57 cents in coin; cheques for $13.42 from E.C. Westran, $35 from C.S.A. Insurance Co. (for writing a patient history), $116.28 from W.C. Post, and $52.50 from R.A. James; account no. 6681-35; name of account, Dr. J.E. Plunkett. (You made the deposit).
Part B: Read “Bank Reconciling” Assignment 7.7 on page 173 in Plunkett’s Procedures for the Medical Administrative Assistant
Prepare a bank reconciliation statement for Dr.Plunkett using the following information. Date the statement April 1, 2012. Students may use Fig.7.12 on page 172 of Plunkett’s Procedures for the Medical Administrative Assistant. Cash account $2140 and March 31 bank statement $2012. Deposit entered in books on March 30 was not taken to the bank until March 31(amount $530). The bank sent a credit memo for $215 for interest earned on Canada Savings Bonds. The amount is shown on the account. However, the memo has not yet been received, Bank service charges $6. A patient’s cheque for $50.00, included in the Marc h 27 deposit has been charged back to the bank on the statement as NSF. The patient is J.Wren Cheque no.502 was made to cash for $35 to reimburse the petty cash; this cheque is recorded in the cash payment journal as $53. The following cheques were returned by the bank with March statement: no.521 to R. Smith for $10:no.523 to J. Jones Ltd. For $50; no.524 to Metric Limited for $100 (certified on March 27); no.525 to P. Brown for $75; and no.526 to J. Smith and Company for $90.
