Question
Based on the following information, prepare the bank reconciliation for Cougar Corp. as of December 31. A. On December 31, Cougar Corp. general ledger showed
Based on the following information, prepare the bank reconciliation for Cougar Corp. as of December 31.
A. On December 31, Cougar Corp. general ledger showed a cash balance of $53,758. The company's bank statement showed an ending balance of $59,669.
B. A deposit on December 31 for $1,750 was not recorded by the bank until January 1.
C. A check for $400 received from one of Cougar's customers was noted as NSF by the bank.
D. A review of the company's deposits shows that a deposit entered in the company's general ledger for $7,300 was actually a deposit for $3,700.
E. Cougar's bank statement showed interest earned of $11.
F. Cougar's bank statement shows an EFT received from a customer for $3,100.
G. The following information related to outstanding checks was prepared.
checks cashed by bank | check written by Cougar Corp | ||||
ck # | amount | ck# | amount | ||
318 | 800 | 318 | 800 | ||
320 | 540 | 319 | 4650 | ||
321 | 90 | 320 | 540 | ||
321 | 90 | ||||
322 | 800 | ||||
323 | 3100 | ||||
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