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As a financial analyst for Microsoft Corporation, you are asked to prepare a bank reconciliation statement for the month of June 2024. The following information
As a financial analyst for Microsoft Corporation, you are asked to prepare a bank reconciliation statement for the month of June 2024. The following information is available:
- The cash book balance as of June 30, 2024: $60,000
- Bank statement balance as of June 30, 2024: $62,500
- Outstanding checks: $5,000
- Deposits in transit: $2,000
- Bank service charges: $250
- An error in the cash book: A check for $600 was recorded as $60
Prepare the bank reconciliation statement for Microsoft Corporation as of June 30, 2024.
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