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Beckett Co. received its bank statement for the month ending June 30, 2016, and reconciled the statement balance to the June 30, 2016, balance the

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Beckett Co. received its bank statement for the month ending June 30, 2016, and reconciled the statement balance to the June 30, 2016, balance the Cash account. The reconciled balance was determined to be $6,524. The reconciliation recognized the following items: 1. Deposits in transit were $3,433. 2. Outstanding checks totaled $2,647 3. Bank service charges shown as a deduction on the bank statement were $90. 4. An NSF check from a customer for $617 was included with the bank statement. Beckett Co. had not been previously notified that the check had been returned NSF 5. Included in the canceled checks was a check written for $720. However, it had been recorded as a disbursement of $1,000 Required: Prepare the Bank reconciliation statement for the month ending June 30, 2016 BECKETT COMPANY Bank Reconciliation June 30, 2016 6,524 Balance per books Balance per bank Add Add: Deposits in transit $ 3,433 3,433 9,957 Deduct: Deduct $ 2,647 SF check 617 Outstanding checks 617 2,647 $7,310 Reconciled balance $ (617) Reconciled balance

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