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Based on the information below, prepare a Bank Reconciliation for Beverly Enterprises. The Cash account in the ledger of Beverly Enterprises shows a balance of
Based on the information below, prepare a Bank Reconciliation for Beverly Enterprises. The Cash account in the ledger of Beverly Enterprises shows a balance of $16,785 at December 31, 2019. The December 31 bank statement shows a balance of $14,444. The only reconciling items consist of: 1. Bank service charges of $45. 2. Deposit in transit of $1,825. 3. Outstanding checks $1,216. 4. NSF check from customer Nina Smith in the amount of $1,786. 5. An error in recording check no. 790 for office expense: the check was written and paid by the bank in the amount of $1,778 but was recorded in Beverly's accounting records as $1,877
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