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3. Bank reconciliation At April 30, the balance of the Cash account according to the records of Zip company was $20.180. The April 30 bank
3. Bank reconciliation At April 30, the balance of the Cash account according to the records of Zip company was $20.180. The April 30 bank statement showed a balance of $27,887. You are to prepare the bank reconciliation of Zip Company at April 30, using the following supplementary information: a. Deposit in transit at April 30, $5,160. b. Outstanding checks; no. 493. $3,360; no. 496 $1,820; no.497. $1,235; no. 499, $2,810. c. Service charge by bank, $37. d. A note receivable for $4,800 left by Zip Company with bank for collection that had been collected and credited to company's account. No interest involved. e. A check for $725 drawn by customer, Martin Able, but deducted from Zip's account by the bank and returned with the notation ''NSF.'' f. Zip's check no. 480, issued in payment of $1,905 worth of office equipment, correctly written in the amount of $1,905 but erroneously recorded in Zip's accounting records as $1,509
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