Alana Davis is unable to reconcile the bank balance at January 31. Alanas reconciliation is shown here:

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Alana Davis is unable to reconcile the bank balance at January 31. Alana’s reconciliation is shown here:

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(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: 9780471347743

2nd Edition

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

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Question Posted: Jun 25, 2024 02:04 AM

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Alana Davis is unable to reconcile the bank balance at January 31. Alanas reconciliation is shown here:

Question:

Cash balance per bank Add: NSF check Less: Bank service charge $3,660.20 430.00 25.00 Adjusted balance per bank $4,065.20 Cash balance per books $3,975.20 Less: Deposits in transit 590.00 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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