bank reconciliation?

Question

assume that the July 31 bank reconciliation for a company is prepared and some items are treated incorrectly. For each of the following errrors, explain the effect of the error on the adjusted bank statement cash balance and the adjusted cash account book balance.
The company's unadjusted cash account balance of 26193.00 is listed on the reconciliation as 26139.00

The bank's collection of a 9000.00 note less the 45.00 collection fee is added to the bank statement cash balance on the reconciliation.
This is not homework this is an analysis and it has me completely confused at what they are wanting for information. Does anyone know or get this???

Answer 1

The company's unadjusted cash account balance of 26193.00 is listed on the reconciliation as 26139.00
This transposition error will result in the adjusted cash book balance being understated by $54. It has no effect on the adjusted bank statement balance.

The bank's collection of a 9000.00 note less the 45.00 collection fee is added to the bank statement cash balance on the reconciliation.
This net error of $8,955 will result in the adjusted bank statement balance being overstated by $8,955 and the adjusted cash book balance being understated by $8,955.

I've attached some notes for your reference.

Answer 2

financial corporation reconciliation is matching your assertion with financial corporation case in point you have a assertion from financial corporation that u have 4 hundred last stability and your widely used ledger financial corporation get right of entry to shows which you have 800 so which you adventure the banks assertion with and constantly it ensue because of the fact of un presented cheques or staggering deposit which you have deliver to financial corporation yet they nonetheless havn"t fund it in case you be attentive to what i advise bro i merely started financial corporation reconcilliation today in college lol