Question
a bank reconciliation dated December 31, 2020, for Nittany Inc. based on the following information. Balance per bank statement is $1,000. Balance per books is
a bank reconciliation dated December 31, 2020, for Nittany Inc. based on the following information.
Balance per bank statement is $1,000.
Balance per books is $900.
The December bank statement indicated a service charge of $30.
Cheque #1169 for $400 made out to a supplier was mailed, but not yet received by the bank.
. Cheque #1183 for $270 to a supplier was incorrectly posted by Nittany as $720 in the books.
The bank had not received a deposit in transit of $900 when the bank statement was generated.
A bank debit memo indicated an NSF cheque written by Bill Broke to Nittany Inc. on December 11, 2020, for $150.
A bank credit memo indicated a bank collection of $300 and interest revenue of $30 on December 15, 2020.Nittany has yet to record this receipt.
Record your answer here ( no colour )
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