Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ABC company has bank balance on June 30, 2019 is $67,510, and the book balance at this month-end is $53.090. The other information is as
ABC company has bank balance on June 30, 2019 is $67,510, and the book balance at this month-end is $53.090. The other information is as followings: a. b. c. Checks outstanding totaled $7,570; A deposit of $5,600 in transit; A check for $100 in pament of an account was erroneously recorded by ABC Company's cash registrar as $1,000 d. The bank collected $12,500 (for ABC Company) on a note left for collection. No interest was included in payment by the customer Bank service charges for this month is S75 Check of a customer returned by bank to company because of insufficient funds (NSF) e. f. $880 Q1: Please work on bank reconciliation for the year end of 2016 below ABC Company Bank Reconciliation June 30, 2019
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