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I know the ending number is 8260 but i do not know how to get that answer. Copyright 2014 Christine Jonick Bank Reconciliation You are

I know the ending number is 8260 but i do not know how to get that answer.

image text in transcribed Copyright 2014 Christine Jonick Bank Reconciliation You are Jonick Corporation, a company that sells merchandise to customers. Scoring Below are facts regarding the company's Cash account and bank statement: Reconcile the cash ledger account to the bank statement using the forms to the right. Cash ledger account a. The company's June 30 Cash ledger balance was $7,280. b. The company's bank statement indicated there as a cash balance of $12,550 on June 30. c. Outstanding checks on June 30 totaled $7,440. d. The company had received $2,880 from a customer on June 29 and deposited it in the bank the same afternoon, but it was too late for it to appear on the June 30 bank statement. e. On June 16 the bank had collected a note that was due to the company from a customer. The principle amount of the note was $2,000 and a total of $2,080 appeared on the company's June 30 bank statement. f. The company had written a check to a vendor for $580 on June 21, but the bank had recorded incorrectly as an $850 deduction, as shown on the bank statement of June 30. g. The bank charged $20 on the June statement for bank service fees. h. A customer's check for $900 that the company had deposited on June 26 was returned by the bank due to insuffienct funds. i. One of the company's checks for $640 for a payment to a vendor cleared the bank on June 8, and this deduction appeared on the June 30 bank statement. However, the company had recorded this check amount as $460 in its Cash ledger in error. Bank statement Enter deductions in as n calculates automatically Adjusted result A Deposit of Transit Adjusted result Cash ledger account Bank statement Total Possible 1 1 2 Number Correct 0 0 0 Grade 0% Enter deductions in as negative amounts in parenthesis. The adjusted result on the last line calculates automatically. When the adjusted result is correct, the box will mark "Correct." Adjustments to the Cash Ledger Account Description Amount $7,280 $2,080 ($20) ($270) ($180) ($900) Adjusted result $7,990 Adjustments to the Bank Statement Ending Balance Description Deposit of Transit Adjusted result Amount $12,550 $2,880 ($7,440) $7,990

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