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How do you prepare a bank reconciliation statement based off this info? Use the following bank statement and T-account to prepare the May 31 bank
How do you prepare a bank reconciliation statement based off this info?
Use the following bank statement and T-account to prepare the May 31 bank reconciliation. Checks BANK STATEMENT Deposits Other Balance $260 Date May 1 4 12 $ 65 300 NSF check $65 28 #2 #4 #5 #6 #8 $ 25 115 35 30 70 120 85 315 225 260 30 May 31 Service charge 20 May 1 May 3 Cash (A) 260 65 25 85 115 35 30 260 40 180 70 May 3 #2 May 4 #3 May 8 #4 May 11 #5 May 21 #6 May 29 #7 May 30 #8 May 29 May 30 May 31 365 Bank Statement Ending Balance per Bank Statement Additions: Deposit in Transit Bank Reconciliation May 31 Company's Books Ending Balance per Cash Account Additions: 365 365 Deductions: 0 Deductions: 0 O Up-to-Date Cash Balance $ 365 Up-to-Date Cash Balance $ 0 Step by Step Solution
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