Answered step by step
Verified Expert Solution
Question
1 Approved Answer
9 Brown Company's bank statement for September 30 showed: Bank statement balance Book balance of cash $3.724 $6,387 The following information was also available as
9 Brown Company's bank statement for September 30 showed: Bank statement balance Book balance of cash $3.724 $6,387 The following information was also available as of September 30 a. A customer's check for $3,000 marked NSF was returned to Brown Company by the bank. In addition, the bank charged the company's account a $100 processing fee. b. The September 30 cash receipts, $160 were placed in the bank's night depository after banking hours on that date and this amount did not appear om the September 30 bank statement. c. Outstanding checks amounted to $291. d. A check for rent expense was written for $326 but by mistake was recorded in the accounting records as $632. Required: Prepare bank reconciliation as of September 30. 100wer should be in the following format: Your Answer should be in the following format: BROWN COMPANY Bank Reconciliation, September 30 Bank statement balance.......XXXX Add YYYYY Deduct YYYYY Total.. Book balance of cash... Add. YYYYY Deduct YYYYY Total...... XXXX XXX XXXX XXXX .......XXXX ......XXXX XXX XXXX For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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