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 bankYertel Company check charged on Young Companys bank statement. $375 7 Check for advertising expense $260 incorrectly recorded in books as $620

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Deposits not credited by bank

outstanding checks

ending balance from bank statement

service charge

reconcilled cash balance

YOUNG COMPANY Bank Reconciliation June 30 0 Balance from general ledger o Add: Check for Add: Add Bank error- Yertal Company check recorded as charged against Young Company's account 0 Less: Less Certainty C-1 (Unsure: 67%) Oc 3 (Quite sure: 80%