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BANK RECONCILIATION PRACTICE PROBLEM: ABC INC. Sept. 30, 2019 Bank statement had a balance of $$2,800 while the company's book balance was $1,400 at end

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BANK RECONCILIATION PRACTICE PROBLEM: ABC INC. Sept. 30, 2019 Bank statement had a balance of $$2,800 while the company's book balance was $1,400 at end of Sept.30,2019. The following were the transactions during the month: 1. Cheque # 50 for $300 was outstanding 2. A deposit in transit for $500 at Sept.29, 2019 was not deposited in the bank as at end of the month 3. Cheque # 56 for $1,000 did not clear the bank as at Sept.30,2019 4. Cheque # 60 for $100 was also outstanding at end of the month 5. The Bank deposited interest collected on behalf of the company of $600 on Sept. 18,2019 6. A service charge (DM) for $100 was charged by the Bank on Sept.17,2019. Prepare a Bank Reconciliation for the company as at Sept.30, 2019

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