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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. $7,761.38
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30:
1 | Balance per Cash account, June 30. | $7,761.38 |
2 | Balance per bank statement, June 30. | 8,030.28 |
3 | Deposits not reflected on bank statement. | 797.50 |
4 | Outstanding checks, June 30. | 1,386.50 |
5 | Service charge on bank statement not recorded in books. | 12.10 |
6 | Error by bank-Yertel Company check charged on | |
Young Company's bank statement. | 605 | |
7 | Check for advertising expense | 275 |
incorrectly recorded in books as | 572 |
YOUNG COMPANY Bank Reconciliation June 30 | ||||||||
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Outstanding checks, Ending Balance from bank statement, Service charge, Reconciled cash balance, Deposits not credited by bank | $Answer | Balance from general ledger | $Answer | |||||
Add: | Deposits not credited by bank, Ending Balance from bank statement, Reconciled cash balance, Outstanding checksService charge | Answer | Add: | Check for Answer | ||||
Add: | Bank error- Yertal Company check | recorded as Answer | Answer | |||||
charged against Young Company's account | Answer | |||||||
Less: | Reconciled cash balanceOutstanding checksDeposits not credited by bankService chargeEnding Balance from bank statement | Answer | Less: | Outstanding checks, Reconciled cash balance, Deposits not credited by bank, Service charge, Ending Balance from bank statement | Answer | |||
Deposits not credited by bank, Ending Balance from bank statement, Reconciled cash balance, Service charge, Outstanding checks | $Answer | Ending Balance from bank statement, Deposits not credited by bank, Service charge, Reconciled cash balance, Outstanding checks | $Answer |
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