Question
Application exercise: Bank reconciliation Using the following information, prepare the bank reconciliation as of December 31, 2014: Book balance: $ 25,000 Checks in circulation: $
Application exercise: Bank reconciliation
Using the following information, prepare the bank reconciliation as of December 31, 2014:
Book balance: $ 25,000
Checks in circulation: $ 1,500
Deposits in transit: $ 3,000
Bank balance: $ 23,450
Bank charges not registered in the company's books: $ 50
Determine the following:
Adjusted balance in books
Bank adjusted balance
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Accounting Principles Part 3
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition Volume 1
1118306805, 978-1118306802
