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Don Wyatt is unable to reconcile the bank balance at January 31. Dons reconciliation is as follows. Cash balance per bank $3,560.20 Add: NSF check
Don Wyatt is unable to reconcile the bank balance at January 31. Dons reconciliation is as follows.
Cash balance per bank | $3,560.20 | |
Add: NSF check | 490 | |
Less: Bank service charge | 25 | |
Adjusted balance per bank | $4,025.20 | |
Cash balance per books | $3,875.20 | |
Less: Deposits in transit | 530 | |
Add: Outstanding checks | 730 | |
Adjusted balance per books | $4,075.20 |
Prepare a correct bank reconciliation.
Journalize the entries required by the reconciliation.
please include all calculations. thank you
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