On October 20 Job Connect received its bank statement dated October 18. 1. The checkbook balance on
Question:
On October 20 Job Connect received its bank statement dated October 18.
1. The checkbook balance on October 20 is $880.84.
2. The ending bank statement balance is $344.58.
3. A $14.00 service charge appears on the bank statement.
4. The following checks are outstanding:
5. A $68.42 check from Tom McCrary deposited on October 13 was returned by the bank for insufficient funds. The bank charged Job Connect’s account $7.00 for the NSF check. No journal entry was made for the NSF check.
6. A $938.72 deposit on October 19 is not on the bank statement.
7. A check for $200.00 to Fontenot Inc. was lost in the mail and has not been deposited. A stop payment order, which cost $10.00, was issued on October 15. No new check was issued.
Reconcile the bank statement using the account form in your working papers.
Step by Step Answer:
Checkbook Balance on 1020 88084 Ending Bank Statement Balance 34458 Service Charge 1400 Outsta...View the full answer
