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I was not able to reconcile. I got $4,165 on the bank side and $4 167 on the checkbook. what am I doing wrong? P5.4
I was not able to reconcile. I got $4,165 on the bank side and $4 167 on the checkbook. what am I doing wrong?
P5.4 A restaurant reconciles its bank statement monthly. The August 3 rec- is $4,112 onciliation showed the following: The restaurant's bank balance and the bank statement balance is $2.760. Deposits in transit August 30 S456, and August 31, $1,212, have not yet been recorded by the bank Checks #167 for $61, #169 for $30, and #175for $172are outstanding The bank statement showed a service charge of S6 and an interest credit amount of S61, A check received by the restaurant in payment of a cus- tomer's meal for $11, and deposited in the bank on August 25, was deb- ited back to the bank statement on August 31 with the notation that there was not sufficient money in the customer's bank account to pay the check In verifying the bank's record of daily deposits against the restaurant's records, it is discovered that the bank statement deposit of August 11 shows $1,212 while the company records show $1,221. Further checking shows the bank statement figure is the correct one. Prepare a bank res onciliation for August 0007
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