Accounting Principles I - Online Exam IV - Chapters 8, 9 and 11
A set of solved exam questions covering key accounting principles from chapters 8, 9, and 11.
Claire Mitchell
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Accounting Principles I - Online EXAM IV - Chapters 8, 9 & 11
Part II
Complete the following exam and save this file on your hard drive. Then submit your file to
your instructor on Canvas.
NAME___
PART A (14 Points)
1. Greenview Food Store developed the following information in recording its bank statement for
the month of March.
a. Outstanding checks total $1,380.
b. Deposits of March 30 and 31 not yet recorded by the bank $1,185.
c. NSF check of Joe Goofy, a customer, returned by the bank $420.
d. Check No. 210 for $161 was correctly issued and paid by the bank but incorrectly entered in
the cash payments journal as a payment of Supplies for $116.
e. Bank service charge for March was $15.
f. The bank collected a note receivable for the company for $3,000 plus $200 interest revenue.
Required: Complete the bank reconciliation below to include proper explanations.
Greenview Food Store
Bank Reconciliation
March 31
Balance Per Bank Statement, March 31 $ 9,365
Add: Deposit in transit $1185
Accounting Principles I - Online EXAM IV - Chapters 8, 9 & 11
Part II
Complete the following exam and save this file on your hard drive. Then submit your file to
your instructor on Canvas.
NAME___
PART A (14 Points)
1. Greenview Food Store developed the following information in recording its bank statement for
the month of March.
a. Outstanding checks total $1,380.
b. Deposits of March 30 and 31 not yet recorded by the bank $1,185.
c. NSF check of Joe Goofy, a customer, returned by the bank $420.
d. Check No. 210 for $161 was correctly issued and paid by the bank but incorrectly entered in
the cash payments journal as a payment of Supplies for $116.
e. Bank service charge for March was $15.
f. The bank collected a note receivable for the company for $3,000 plus $200 interest revenue.
Required: Complete the bank reconciliation below to include proper explanations.
Greenview Food Store
Bank Reconciliation
March 31
Balance Per Bank Statement, March 31 $ 9,365
Add: Deposit in transit $1185
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Subject
Accounting