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Brett Smith operates a FedEx Kinko's store. He has just received the monthly bank statement at November 30, 2020, from Royal Bank of Canada, and
Brett Smith operates a FedEx Kinko's store. He has just received the monthly bank statement at November 30, 2020, from Royal Bank of Canada, and the statement shows an ending balance of $565. Listed on the statement are an EFT customer collection of $300, a service charge of $17, two NSF cheques totalling $115, and a $10 charge for printed cheques. In reviewing his cash records, Smith identifies outstanding cheques totalling $607 and a November 30 deposit in transit of $1,765. During November, he recorded a $280 cheque for the salary of a part-time employee as $28. Smith's Cash account shows a November 30 cash balance of $1,817. How much cash does Smith actually have at November 30? Begin by preparing the bank section of the bank reconciliation. Then, continue with the book section of the bank reconciliation. (Leave unused cells blank.) Brett Smith Bank Reconciliation November 30, 2020 BANK Add: Less: BOOKS: Add: Less: K
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