Anna Pelo is unable to reconcile the bank balance at January 31.Annas reconciliation is as follows. Cash
Question:
Cash balance per bank....... $3,560.20
Add: NSF check............ 690.00
Less: Bank service charge....... 25.00
Adjusted balance per bank..... $4,225.20
Cash balance per books....... $3,875.20
Less: Deposits in transit...... 530.00
Add: Outstanding checks...... 930.00
Adjusted balance per books..... $4,275.20
Instructions
(a) Prepare a correct bank reconciliation.
(b) Journalize the entries required by the reconciliation.
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Step by Step Answer:
a Cash balance per bank statement 356020 Add Deposits in transit 53000 409020 ...View the full answer
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Related Book For 
Accounting Principles
ISBN: 9780471980193
8th Edition
Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel
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