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Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 1 Balance per Cash account, June 30. $7,039.80
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 1 Balance per Cash account, June 30. $7,039.80 2 Balance per bank statement, June 30. $7,300.25 3 Deposits not reflected on bank statement. $950 4 Outstanding checks, June 30. $1,260.45 5 Service charge on bank statement not recorded in books. $35 6 Error by bank-Yertel Company check charged on Young Company's bank statement. $375 7 Check for advertising expense $260 incorrectly recorded in books as $620 YOUNG COMPANY Bank Reconciliation June 30 Balance from general ledger Ending Balance from bank stat * 0 x 7,300.25 $ 950 Add: Check Add: Deposits not credited by b 260 Add: Bank error- Yertal Company check recor 0 x 620 charged against Young Company's account 375 (35) Less: Service charge Less: Outstanding checks (35) 7,364.8 7,364.8 Reconciled cash balance $ Reconciled cash balance
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