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Jansen Company s general ledger showed a checking account balance of $ 2 4 , 0 2 0 at the end of May 2 0
Jansen Companys general ledger showed a checking account balance of $ at the end of May The May cash receipts of $ included in the general ledger balance, were placed in the night depository at the bank on May and were processed by the bank on June The bank statement dated May showed bank service charges of $ All checks written by the company had been processed by the bank by May and were listed on the bank statement except for checks totaling $
Required:
Prepare a bank reconciliation as of May Hint: You will need to compute the balance that would appear on the bank statement.
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