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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
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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