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Hi I need some help with this. thank you !! 1) For the bank statement Balance, what amount you must add ? 2) For the
Hi I need some help with this. thank you !!
You must prepare the bank reconciliation for the month of November. To do this, you must identify the adjustments to the Bank Statement Balance and the Book Balance. For the Bank Statement Balance, what amount must you add? Report in dollars. The following information is available for the Avisa Company for the month of November: a) On November 30, after all transactions have been recorded, the balance in the company's Cash account has a balance of $27,277. b) The company's bank statement shows a balance on November 30 of $28,509. c) Outstanding checks at November 30 include check #3030 in the amount of $1,525 and check #3556 in the amount of $1,459. d) The bank statement shows a $67 NSF check from a customer, J. Brown. e) A deposit placed in the bank's night depository on November 30 totaled $1,675, and did not appear on the bank statement. f) On November 30, the bank issued a credit memorandum for $15 interest earned on Avisa's account. g) Included with the bank statement was a debit memo in the amount of $25 for bank service charges. It has not been recorded on the company's books. The company records bank service charges under its Miscellaneous Expense general ledger account 1) For the bank statement Balance, what amount you must add ?
2) For the bank statement Balance, what amount you must substract ?
3) For the book balance, what amount must you add ?
4) For the book balance, what amount must you substract ?
5) The adjusted bank balance should equal the adjusted book balance. What is the amount ?
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