Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bank Statement Balance $23,452 Service Charge on bank statement $25 Deposits recorded on June 30 that were not on the bank statement $2,500 Checks that
Bank Statement Balance | $23,452 | ||
Service Charge on bank statement | $25 | ||
Deposits recorded on June 30 that were not on the bank statement | $2,500 | ||
Checks that have been issued but are not listed on the bank statement: | |||
Check # 345 | $550 | ||
Check # 346 | $256 | ||
Check # 348 | $344 | ||
Check # 340 to pay the phone bill was incorrectly recorded in the journal as $456, but was written and cleared the bank for $465. | |||
Balance in Cash account on June 30 | $24,836 |
Bank Reconciliation | |||||
30-Jun-11 | |||||
Book | Bank | ||||
Balance per books | Balance per bank | ||||
Add: | Add: | ||||
Deposits in transit | |||||
Less: | Less: | ||||
Service Charge | Outstanding checks | ||||
Error | |||||
Adjusted Balance | Adjusted Balance | ||||
GENERAL JOURNAL | ||||||
Date | Account Ttile | Debit | Credit | |||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started