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Culver Company is unable to reconcile the bank balance at January 31. Culvers reconciliation is as follows. Cash balance per bank $5,490 Add: NSF check
Culver Company is unable to reconcile the bank balance at January 31. Culvers reconciliation is as follows.
Cash balance per bank | $5,490 | |
Add: NSF check | 1,680 | |
Less: Bank service charge | 120 | |
Adjusted balance per bank | $7,050 | |
Cash balance per books | $6,380 | |
Less: Deposits in transit | 1,140 | |
Add: Outstanding checks | 2,050 | |
Adjusted balance per books | $7,290 |
Prepare a correct bank reconciliation. (List items that increase cash balance first.)
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