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I only need to create a corrected bank reconciliation, part B. 2014, what amount should be Corrected adjusted balance: $19,780 Obj. 5 Part B EX
I only need to create a corrected bank reconciliation, part B.
2014, what amount should be Corrected adjusted balance: $19,780 Obj. 5 Part B EX 7-22 Bank reconciliation The following bank reconciliation was prepared as of June 30, 2017: Poway Co. Bank Reconciliation For the Month Ended June 30, 2017 Cash balance according to bank statement. Add: Outstanding Check No. 1067 Outstanding Check No. 1106 Outstanding Check No 1110 Outstanding Check No. 1113 Total additions... Deduct: Deposit of June 30 not recorded by bank Adjusted balance. $16.185 only $ 575 470 1.050 910 3,005 (6600) $12,590 $ 8,985 $6,000 300 15 Cash balance according to company's records Add: Proceeds of note collected by bank: Face value Proceeds of note collected by bank: Interest. Service charges Total additions.. Deduct: Check returned because of insufficient funds. Error in recording June 17 deposit of $7.150 as $1,750 Total deductions Adjusted balance. a. Identify the errors in the bank reconciliation b. Prepare a corrected bank reconciliation. 6,315 $ 890 5,400 (6,290) $ 9,010Step by Step Solution
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