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Lasso Company's general ledger displays a balance in the cash account of $35,910 on June 30, 20Y4. In contrast, the bank statement for Lasso Company
Lasso Company's general ledger displays a balance in the cash account of $35,910 on June 30, 20Y4. In contrast, the bank statement for Lasso Company for June 30, 20Y4 indicates a balance of $36,100. Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items: 1. An electronic funds transfer of $2,000 was made on June 1st to pay monthly rent. 2. A deposit of $1,700 had been made too late in the month to appear on the bank statement. 3. A check drawn for $630 had been incorrectly charged by the bank as $360. 4. The bank had collected $1,200 on a note on behalf of Lasso. The face amount of the note was $900. 5. Outstanding checks totaled $2,500. 6. Check printing fees for June were $80. Instructions Prepare a proper bank reconciliation for June
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