Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
4. The Seaside Boat Company's bank statement for the month of October showed a balance per bank of $5,768. The company's Cash account in the
4. The Seaside Boat Company's bank statement for the month of October showed a balance per bank of $5,768. The company's Cash account in the general ledger had a balance of $4,537 at October 31. Other information is as follows: (1) Deposits in transit at October 31 $3,900 (2) Outstanding checks at October 31 $4,935 Bank service fee charged to Seaside for the month of October $17 (4) Bank collected $200 accounts receivable for Seaside in October (5) Bank paid $13 of interest income to Seaside Prepare a bank reconciliation in good form for Seaside Boat Company at October 31 (5 points) Prepare any adjusting entries necessary as a result of the bank reconciliation (5 points)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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