Question
Bank Reconciliation. Prepare a bank reconciliation as of August 31 from the following information: a. The August 31 balance shown on the bank statement is
Bank Reconciliation. Prepare a bank reconciliation as of August 31 from the following information:
a. The August 31 balance shown on the bank statement is is $9050
b. There is a deposit in transit of $1300 at August 31
c. Outstanding checks at August 31 totaled $1620
d. Interest credited to the account during August but not recorded on the company's books amounted to $68
e.A bank Charge of $44 for checks was made to the account during August. Although the company was expecting a charge, the amount was not known until the bank statement arrived
f. In the process of reviewing the canceled checks, it was determined that a check issued to a supplier in payment of accounts payable of $142 had been recorded as a disbursement of $412
g. The August 31 balance in the general ledger cash account, before reconciliation, is $8436
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