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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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