Exercise 7-9

Don Wyatt is unable to reconcile the bank balance at January 31. Dons reconciliation is as follows.

Cash balance per bank		$3,860.20
Add: NSF check		540.00
Less: Bank service charge		33.00
Adjusted balance per bank		$4,367.20
Cash balance per books		$4,175.20
Less: Deposits in transit		680.00
Add: Outstanding checks		938.00
Adjusted balance per books		$4,433.20

T Cash balance per bank statement Add T Deposits in transit Less T Outstanding checks Adjusted cash balance per bank Cash balance per books Less NSF check Bank service charge Adjusted cash balance per books Don Wyatt Bank Reconciliation January 31 540.00 33.00 3,860.20 680.00 938.00 4,175.20