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7) ABC started operations in January 2013. It is preparing its June 30, 2013 bank reconciliation. The following information for the month of June is
7) ABC started operations in January 2013. It is preparing its June 30, 2013 bank reconciliation. The following information for the month of June is available: Bank Books June Deposits ($5,000 - $1000) - $8,000 = 4000 June Withdrawals ($5,500 - 2000) $7,500 = 4000 = outstanding checks On the May bank reconciliation, ABC identified $1,000 in deposits in transit and $2,000 in outstanding checks. Additionally, ABC noted the following on its June bank statement: . Return of customer's check for insufficient funds, 6/30/2013 Bank service charges for June $200 $50 . What balance should be included on the June reconciliation for June's outstanding checks
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