4. Prepare a bank reconciliation statement based on the information below; (a) Bank balance, $3,400. (b) Checkbook

Question:

4. Prepare a bank reconciliation statement based on the information below;

(a) Bank balance, $3,400.

(b) Checkbook balance, $3,120.

(c) Outstanding checks, $1,140.

(d) Deposits in transit, $1,800.

(e) A $1,000 note was collected by the bank; interest, $15; service charge. $5.

(f) A $16 check was returned for not sufficient funds. (g) Check 12 for $82 was incorrectly recorded in check stubs as $28.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: