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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.
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 Young Company's bank statement. 6 Error by bank-Yertel Company check charged on 7 Check for advertising expense incorrectly recorded in books as $375 $260 $620 Note: Do not round answers - enter using two decimal places, when needed. YOUNG COMPANY Bank Reconciliation Ending Balance from bank statement Add: Deposits not credited by bank Add: Bank error-Yertal Company check June 30 0x Balance from general ledger 0x Add: Check $ 0 x 0 x recorc 0 x 0 x charged against Young Company's account 0 x Less: Outstanding checks Reconciled cash balance Check 0x Less: Service charge 0x Reconciled cash balance 0 x 0 x
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