2) Bank reconciliation Prepare reconciliation form, journal and t account. (None of the transactions reported by bank
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2) Bank reconciliation
Prepare reconciliation form, journal and t account. (None of the transactions reported by bank debit and credit memos have been recorded by the company.)
1. Bank service charges, $30.
2. Check of a customer returned by bank to company because of insufficient funds, $400.
3. Check for $320 incorrectly recorded by the company as $230.
4. Check for $1,100 incorrectly charged by bank as $110.
5. Deposit in transit, $3,300.
6. Outstanding checks, $7,950.
7. Note collected by bank, $10,500.
Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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