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2. Using the following information, prepare a bank reconciliation. Bank balance: $7,063 Book balance: $6,626 Deposits in transit: $1,600 Outstanding checks: $599 and $1,423 Bank
2. Using the following information, prepare a bank reconciliation.
- Bank balance: $7,063
- Book balance: $6,626
- Deposits in transit: $1,600
- Outstanding checks: $599 and $1,423
- Bank charges: $75
- Check number 2456 correctly cleared the bank in the amount of $234 but posted in the accounting records as $324. This check was expensed to Utilities Expense.
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Advanced Accounting
Authors: Debra C. Jeter, Paul Chaney
5th Edition
978-1118098615
