Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2 The balance in Ferndale Construction Company's check register May 31 was $12,583.40. The bank statement for Ferndale Construction Company listed the following information:
2 The balance in Ferndale Construction Company's check register May 31 was $12,583.40. The bank statement for Ferndale Construction Company listed the following information: Previous balance (May 1) Deposits Checks and withdrawals Interest Service charges Check returned for insufficient funds New balance (May 31) $12,620.10 16,265.00 17,805.95 No. 602 No. 610 No. 612 52.50 20.00 150.00 $10,961.65 By comparing the bank statement and the check register, the company's bookkeeper determined that a deposit of $1,850.15 was not included on the statement and that the following checks were outstanding: $35.80 212.00 95.10 While preparing the reconciliation, the company's bookkeeper noted that check number 585, which had been written for $82.50, had been recorded in the check register as $85.50. Prepare a bank reconciliation statement for Ferndale Construction Company.
Step by Step Solution
★★★★★
3.30 Rating (147 Votes )
There are 3 Steps involved in it
Step: 1
Solution according to the given question Bank Reconciliation for Ferndale Constru...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started