DE7-10 The Cash account of Theraband Equipment reported a balance of $2.280 at May 31. Included were
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DE7-10 The Cash account of Theraband Equipment reported a balance of $2.280 at May 31. Included were outstanding checks totaling $900 and a May 31 deposit of $200 that did not appear on the bank statement. The bank statement, which came from Park Cities Bank, listed a May 31 balance of $3.270. Included in the bank balance was a May 30 collection of $300 on account from Kelly Brooks, a Theraband customer who pays the bank directly. The bank statement also shows a $20 service charge and S10 of interest revenue that Theraband earned on its bank balance. Prepare Theraband's bank reconciliation at May 31.
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Related Book For
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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