https:// Bank reconciliation Instructions Amount Descriptions Instructions The following data were accumulated for use in reconciling the bank account of Zek's Co. for May 2016: Cash balance according to the company's records at May 31, 2016, 1. $22,569. Cash balance according to the bank statement at May 31, 2016 2. $29,187. Checks outstanding, $13,346. 3. Deposit in transit, not recorded by bank, $7,087. 4. 5. A check for $42 in payment of an account was erroneously recorded in the check register as $420. Bank debit memo for service charges, $19. 6. A. Prepare a bank reconciliation, using the format shown in Exhibit 13. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. The word "Deduct:" or "Add:" will automatically appear if it is required. Previous Next nk reconciliation Amount Descriptions Instructions Instructions Th Amount Descriptions for Amount Descriptions Adjusted balance Bank service charge Bank error in charging check as $42 instead of $420 Bank error in charging check as $420 instead of $42 Deposit in transit, not recorded by bank Error in recording check as $42 instead of $420 Error in recording check as $420 instead of $42 Outstanding checks choices for text entries. The word "Deduct:" or "Add:" will automatically appear if it is required. Previous takeAssignmentMa cam-Chapters 5-9 nk reconciliation Instructions Amount Descriptions Bank Reconciliation Final Questions Bank Reconciliation ZEK'S CO. Bank Reconciliation May 31, 2016 Cash balance according to bank statement 1 4 5 6 Cash balance according to company's records 7 11 A am-Chapters 5-9 nk reconciliation Final Qu Instructions Amount Descriptions Bank Reconciliation Bank Reconciliation Final Questions B. If the balance sheet were prepared for Zek's Co. on May 31, 2016, what amount should be reported for cash? $ C. Must a bank reconciliation always balance (reconcile)? No Yes 10 11