Prepare the journal entry to reconcile the bank statement in EB11. Data from in EB11 Using the
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Prepare the journal entry to reconcile the bank statement in EB11.
Data from in EB11
Using the following information, prepare a bank reconciliation.
• Bank balance: $12,565.
• Book balance: $13,744.
• Deposits in transit: $2,509.
• Outstanding checks: $1,777.
• Bank charges: $125.
• Bank incorrectly charged the account for $412. The bank will correct the error next month.
• Check number 1879 correctly cleared the bank in the amount of $562 but posted in the accounting records as $652. This check was expensed to Utilities Expense.
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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