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Ivanhoe Wyatt is unable to reconcile the bank balance at January 31. Ivanhoes reconciliation is as follows. Cash balance per bank $3,130.13 Add: NSF cheque
Ivanhoe Wyatt is unable to reconcile the bank balance at January 31. Ivanhoes reconciliation is as follows.
Cash balance per bank | $3,130.13 | |
Add: NSF cheque | 570.17 | |
Less: Bank service charge | 23.03 | |
Adjusted balance per bank | $3,677.27 | |
Cash | $3,593.40 | |
Less: Deposits in transit | 600.10 | |
Add: Outstanding cheques | 730.03 | |
Adjusted balance per books | $3,723.33 |
Prepare a correct bank reconciliation. (List items that increase balance as per bank & books first.)
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