203%20-%20Bank%20Reconciliation%20Problem.pdf Problem #3 - BANK RECONCILIATION PROBLEM (16 points) Use the following information to complete the bank reconciliation below. From Bank Statement: - Bank Balance (02/29/20): $11,380 Bank error recording mortgage payment (EFT) $1,462 instead of $1,642 - Note collected by bank from a customer (includes $75 interest) $2,175 - Interest earned on account $4 - NSF Check from customer $640 plus $40 bank charge $680 - Bank Charges $63 From Cash Ledger: - Cash Ledger Balance (2/29/20) $8,742 - Deposit in Transit $2,689 - Outstanding Checks $3,612 - Error recording receipt of Accounts Receivable $112 instead of $211 . $ Balance per Bank Add: $ Subtotal Deduct: Reconciled of Bank Balance Balance per Cash Ledger $ Add: Subtotal Deduct: Reconciled of Cash Ledger Balance EXTRA CREDIT. Up to 5 points ! | | | VMCBoo| Balance per Bank Add: $ Subtotal $ Deduct: Reconciled of Bank Balance $ Balance per Cash Ledger Add: Subtotal Deduct: Reconciled of Cash Ledger Balance EXTRA CREDIT: Up to 5 points Date Description Debit Credit O Fi 06