Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

12 Brown Company's bank statement for September 30 showed Bank statement balance Book balance of cash $4,210 $6,560 6 points Seve The following information was

12 Brown Company's bank statement for September 30 showed Bank statement balance Book balance of cash $4,210 $6,560 6 points Seve The following information was also available as of September 30 a. A customer's check for $950 marked NSF was returned to Brown Company by the bank in addition, the bank charged the company's account a $30 processing fee b. The September 30 cash receipts, $6,000 were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement. c. Outstanding checks amounted to $3,910 d. A check for rent expense was written for $2,198 but by mistake was recorded in the accounting records as $2,918 Required: Prepare bank reconciliation as of September 30. Your Answer should be in the following format: BROWN COMPANY Bank Reconciliation. September 30 Bank statement balance: XXXX Save and Sug

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions