Question
How to calculate corrected bank reconciliation and journalise the entries required by the reconciliation of cash balance per bank $ 3660.20 Add:NSF cheque $ 590.00
How to calculate corrected bank reconciliation and journalise the entries required by the reconciliation of
cash balance per bank $ 3660.20
Add:NSF cheque $ 590.00
Less: bank services charge $ 25.00
Adjusted balance per bank $4225.20
Cash balance per books $3875.20
Less: Deposit in transit $ 530
Add: outstanding cheque $ 930
Adjusted balance per books $4275.20
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
