Question
Bev is completing the monthly bank reconciliation for her checking account for the month of October. The following facts apply: The balance per the
Bev is completing the monthly bank reconciliation for her checking account for the month of October. The following facts apply: The balance per the bank on Oct 31st = $3,000 The balance per her checkbook on Oct 31st- $6,000 Deposits in Transit = $2,000 Outstanding Checks = $500 EFT's 'into' her account = $4,000 EFT's 'out of her account = $5,500 No interest was earned on the account, and there were no bank fees during the month.
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
9780077506902, 78025540, 77506901, 978-0078025549
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