Ono LoKo is unable to reconcile the bank balance at January 31. Ono's reconciliation is shown here:

Question:

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\section*{Instructions}

(a) Prepare a correct bank reconciliation.

(b) Journalize the entries required by the reconciliation.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 13, 2024 02:10 AM

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Ono LoKo is unable to reconcile the bank balance at January 31. Ono's reconciliation is shown here:

Question:

Cash balance per bank Add: NSF check Less: Bank service charge $3,560.20 530.00 25.00 Adjusted balance per bank $4,065.20 Cash balance per books $3,875,20 Less: Deposits in transit 490.00 Add: Outstanding checks 730.00 Adjusted balance per books $4,115.20

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Financial Accounting Tools For Business Decision Making

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