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BANK RECONCILIATION ABC company has bank balance on Dec 31, 2016 is S37,140, and the book balance at the year-end is $32,500. The other information
BANK RECONCILIATION ABC company has bank balance on Dec 31, 2016 is S37,140, and the book balance at the year-end is $32,500. The other information are as followings: a. Checks outstanding totaled$3,620.00 b. A deposit of $4,496.00 had been made too late to appear on the bank statement. c. A check written by AJK Co. (cashed for $1,233 had been incorrectly recorded by the company as $233. d. The bank collected $4,541.00 on a note left for collection. ONo interest was included in paymentby the customer.) e. Bank service charges for December is $25. Q1: Please work on bank reconciliation for the year end of 2016 below ABC Company Bank Reconciliation December 31, 2016 Cash balance 1231/16 per book $32,500 Cash balance 1231 16Ber bank S32140 Add Add Subtract: Subtract Adjusted cash balance per book: Adjusted cash balance per bank: Q2: Adjusted journal entries to bank reconciliation Ref No. Account Name Debit Credit 23: What is your cash balance reported to the financial statement
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