Tavaras Tavern reconciles its bank statement monthly. At the beginning of July, it found the following concerning

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Tavara’s Tavern reconciles its bank statement monthly. At the beginning of July, it found the following concerning the June reconciliation: The bank balance on the bank statement was $4,810, and the bank balance according to the tavern’s records was $5,112. Checks # 306 in the amount of $27, # 309 in the amount of $108, and # 311 in the amount of $87 were still unpaid by the bank at June 30. At the end of June, the bank had added to the tavern’s bank account an amount of $38 for interest earned on a separate savings account it has at the bank and had deducted $8 for a service charge. A deposit made by the tavern on June 30 in the amount of $554 did not appear on the bank’s statement. Prepare Tavara’s bank reconciliation for June 30, 0006.

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Hospitality Management Accounting

ISBN: 9780471687894

9th Edition

Authors: Martin G Jagels, Catherine E Ralston

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