Question
Don Wyatt is unable to reconcile the bank balance at January 31. Don's reconciliation is as follows. Cash balance per bank$3,800.20 Add: NSF check570.00 Less:
Don Wyatt is unable to reconcile the bank balance at January 31. Don's reconciliation is as follows.
Cash balance per bank$3,800.20
Add: NSF check570.00
Less: Bank service charge30.00
Adjusted balance per bank$4,340.20
Cash balance per books$4,115.20
Less: Deposits in transit650.00
Add: Outstanding checks935.00
Adjusted balance per books$4,400.20
How do to prepare a correct bank reconciliation
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
