Answered step by step
Verified Expert Solution
Question
1 Approved Answer
header that displays the column widths, row heights, and font sizes are applop EA5-E2 Complete a Bank Reconciliation for Plastics + Manufacturers In this exercise,
header that displays the column widths, row heights, and font sizes are applop EA5-E2 Complete a Bank Reconciliation for Plastics + Manufacturers In this exercise, you will complete a bank reconciliation as of 12/31/2016 for Plastics Manufacturers. One of your primary goals is to ensure that the file can be easily understood by the end user. Use this information to populate the reconciliation: Deposits in Transit: $3,600 NSF Check: $8,400 Notes Receivable: $20,000 Outstanding Checks: $3,000 and $1,800 Bank Charges: $500 When recording check #223 for $8,100, the company erroneously reduced the cash balance by $7,000. The bank statement reflects a 12/31/16 balance of $41,000, while the company's general ledger reflects a 12/31/16 cash balance of $29,800
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started