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I know the outstanding checks amount but I don't know how to use excel equation to show the answer The June bank statement and the
I know the outstanding checks amount but I don't know how to use excel equation to show the answer
The June bank statement and the cash T-account for Superior Printing, Inc., is shown below. BANK STATEMENT Deposits Date June 1 Checks Other inin 440 1,200 500 1,200 250 80 9,800 10,000 Balance 18,500 18,060 16,860 16,360 15,160 24,910 23,990 49,190 48,840 44,240 60,540 59,570 NSF onu 35,000 350 4,600 700 17,000 920 Serv. Charge Interest Earned 59,000 - A 920 59,570 Serv. Charge Interest Earned 600 59,000 Cash June 1 Bal. June 13 deposit June 22 deposit June 29 deposit June 30 deposit 18,500 10,000 35,000 17,000 28,000 440 Check #100 1,200 Check #101 500 Check #102 1,200 Check #103 250 Check #104 80 Check #105 9,800 Check #106 350 Check #107 4,600 Check #108 770 Check #109 4,900 Check #110 700 Check #111 920 Check #112 600 Check #113 June 30 Bal. 82,190 $82,190 Updates to Bank Statement Ending balance per bank statement Additions: Deposits in Transit Deductions: Outstanding Checks SUPERIOR PRINTING, INC. Bank Reconciliation At June 30 Updates to Company's Books $59,000 Ending cash balance per books Additions: 28,000 Interest Earned Deductions: =E31+E30 NSF Check Service Charge $81,330 Up-to-date ending cash balance 30 840 50 $81,330 Up-to-date ending cash balanceStep by Step Solution
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