Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with this accounting question: PLEASE USE YOUR OWN WORK. The following information pertains to Cullumber Company. 1. Cash balance per books, August

I need help with this accounting question:

PLEASE USE YOUR OWN WORK.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

The following information pertains to Cullumber Company. 1. Cash balance per books, August 31, $7,374. 2. Cash balance per bank, August 31, $7,338. 3. Outstanding checks, August 31, $690. 4. August bank service charge not recorded by the depositor $42. 5. Deposits in transit, August 31, $2,810. In addition, $2,126 collected for Cullumber Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Cullumber Company. Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.) CULLUMBER COMPANY Bank Reconciliation For the Month Ended August 31, 2022 For the Year Ended August 31, 2022 August 31, 2022 CULLUMBER COMPANY Bank Reconciliation $ Add Less

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions