II. Exercise Using the following information, prepare a bank reconciliation for Salem Co. for May 31, 2011. (Con la siguiente informacin, prepare la conciliacin bancaria de Salem Co. para el 31 de mayo de 2011.)

(a) The bank statement balance is $2,597. (El balance de la cuenta bancaria es $2,597.)

(b) The cash account balance is $2,680 (Cash balance per book). (El balance de la cuenta de cash es $2,680.)

(c) Outstanding checks amounted to $703. (Los cheques pendientes de pago ascendieron a $703.)

(d) Deposits in transit are $732. (Los depsitos en trnsito son de $732.)

(e) The bank service charge is $25. (El cargo por servicio bancario es de $ 25.)

(f) Interest added to the checking account by the bank is $7. (Los intereses aadidos a la cuenta corriente del banco fueron de $ 7.)

(g) A check drawn for $59 was incorrectly charged by the bank as $95. (Un cheque por $59 fue cargado incorrectamente por el banco por $95.) Solution:

Salem Co. Bank Reconciliation May 31, 2010 Cash balance according to bank statement

Add:

Deduct:

Adjusted balance Cash balance according to depositor's records

Add:

Deduct:

Adjusted balance: