Question
Ch 7 Problem - Bank Reconciliation Using the following information, prepare a bank reconciliation for Bistro Company for May 31, 2022. The bank balance
Ch 7 Problem - Bank Reconciliation Using the following information, prepare a bank reconciliation for Bistro Company for May 31, 2022. The bank balance is $3,450 and the cash ledger balance is $4,045. The following differences were identified: 1. Outstanding checks totaled $1,240. 2. Deposits in transit are $1,610 3. The bank service charge is $55. 4. A check for $94 for supplies was recorded as $49 in the ledger. 5. There was an NSF check for $125. Instructions: 1) Prepare a Bank Reconciliation for the month of May, 2022 (side-by-side or top- bottom format) (14 points) 2) Journalize the adjustments for the book entries. (6 points) Once complete, take an image scan of the work and upload on the assignment page.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started