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Ex 2: Bank reconcilation 1. Fliteboard company has a bank balance of $3,070 and a book balance of $4,095. Q 2. Monthly bank service charge

Ex 2: Bank reconcilation
1. Fliteboard company has a bank balance of $3,070 and a book balance of $4,095. Q 2. Monthly bank service charge $10 3. A NSF Check $700 4. Deposit in transit $2,400 5. Two Outstanding checks check no. 501 $500 and check no. 505 $900 6. Bank collection of note receivable $1,000 7. Interest Revenue earned on bank balance $15 8. EFT for rent expense $330 Refer to the formula to perform the bank reconciliation: Internal Control - Bank Reconciliation
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Ex 2: Bank reconcilation 1. Fliteboard company has a bank balance of $3,070 and a book balance of $4,095. 2. Monthly bank service charge $10 3. A NSF Check $700 4. Deposit in transit $2,400 5. Two Outstanding checks : check no. 501$500 and check no. 505$900 6. Bank collection of note receivable $1,000 7. Interest Revenue earned on bank balance $15 8. EFT for rent expense $330 Refer to the formula to perform the bank reconciliation

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