Question
Manny Tovar is unable to reconcile the bank balance at January 31. Mannys reconciliation is as follows. Cash balance per bank $4,714.60 Add: NSF check
Manny Tovar is unable to reconcile the bank balance at January 31. Mannys reconciliation is as follows. Cash balance per bank $4,714.60
Add: NSF check 630.00
Less: Bank service charge 30.00
Adjusted balance per bank $5,314.60
Cash balance per books $5,190.60
Less: Deposits in transit 730.00
Add: Outstanding checks 914.00
Adjusted balance per books $5,374.60.
Instructions (a) Prepare a correct bank reconciliation. (b) Journalize the entries required by the reconciliation.
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Implementing Database Security And Auditing
Authors: Ron Ben Natan
1st Edition
1555583342, 9781555583347
