Question
Can you prepare a Bank Reconciliation in good form from the following?: May 31, 2020 Cash balance from the depositor's records: $3,500 May 31, 2020
Can you prepare a Bank Reconciliation in good form from the following?:
May 31, 2020 Cash balance from the depositor's records: $3,500
May 31, 2020 Cash balance from the bank statement: $5,310
Outstanding checks: $2,000
Deposit in transit: $200
A $600 deposit you made was in error lost by the bank and was not credited to your bank account properly.
Error made by you when you wrote a check for $240 which was returned by the bank to you as a NSF (non-sufficient funds) check. Bank also charged you a $20 fee.
A customer check deposited by you was returned by the bank as a NSF $450.
Interest Income earned on the checking account $30.
Error by you on a $140 check payment that you in error recorded in the journals as $410.
Bank error: a customer check deposited by you for $172 was recorded in error as $712.
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