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Fiori publishes ratings and reviews of hotels and restaurants for traveling salespeople. As of June 31, Fioris ledger Cash balance is $31,466. The June bank
Fiori publishes ratings and reviews of hotels and restaurants for traveling salespeople. As of June 31, Fioris ledger Cash balance is $31,466. The June bank statement balance is $70,616, and includes the following items.
- Bank service charge for June, $50
- NSF check returned with June bank statement, $2,300
- Note collected for your company by the bank in June, $25,000
- Interest on note collected by the bank in June, $2,500
- Outstanding checks as of the end of June, $21,000
- Deposit in transit at the end of June, $7,000
- Prepare Fioris June bank reconciliation.
b. Prepare the journal entries to conform Fioris ledger Cash account balance with the reconciled bank balance as of June 30.
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