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Alpha College E-learning ge My Courses Assume you are doing a Bank Reconciliation. The bank balance at end of a month is $0 and the
Alpha College E-learning ge My Courses Assume you are doing a Bank Reconciliation. The bank balance at end of a month is $0 and the Book balance for same date is $150. Based on the the following transactions, find what is the RECONCILING BALANCE: (a) Bank made an error of $200 by clearing a cheque in the amount of $600 instead of the correct amount of $400. (b) Book also made an error of recording an entry incorrectly, i.e. it recorded a deposit of $50 incorrectly as $125. (c) Bank put through a credit memo (CM) of $100 and Interest of $25 in the bank account. Type your answer in the answer box. Make sure your answer is numerical only and without any dollar signs or commas or decimal places. Com Mark Answer: 400
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