Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Melissa Jackson, bookkeeper for Kinko Company, cannot prepare a bank reconciliation. The bank statement showed a $3,737 37 balance. Melissa's checkbook showed a $4,176.02


 Melissa Jackson, bookkeeper for Kinko Company, cannot prepare a bank reconciliation. The bank statement showed a $3,737.37 ba

Melissa Jackson, bookkeeper for Kinko Company, cannot prepare a bank reconciliation. The bank statement showed a $3,737 37 balance. Melissa's checkbook showed a $4,176.02 balance. Melissa placed a $656.10 deposit in the bank's night depository on June 30, 2015. The deposit did not appear on the bank statement. The bank included two DMs and one CM with the retumed checks: $927.15 DM for NSF check, $16.50 DM for service charges, and $408.40 CM (less $22.00 collection fee) for collecting a $408. 40 non-interest- bearing note. Check No. 811 for $180.10 and check No. 912 for $139.80. both written and recorded on June 28, were not with the returned checks. The bookkeoper had correctly written check No. 884, $1,485.00, for a new cash registor, but she recorded the check as $1,595.00. The May bank reconcilation showed check No. 748 for $344.80 and check No. 710 for $262.80 outstanding on April 30. The June bank statement included check No. 710 but not check No. 748. Complete the June 30, 2015, reconcilation. (Input all amounts as positive values. Round your answers to 2 decimal places.) Kinko's checkbook balance Bank balance Add Add (Cick to select) (Cliek selecU Less: (Cick to select) Eror in recording check No 684 Deduct Deduct (Cick to select) ICick to select0 (Cck to select) Reconciled balance Reconciled balance

Step by Step Solution

3.46 Rating (146 Votes )

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Document Format ( 2 attachments)

PDF file Icon
635dd1ad8bfff_179127.pdf

180 KBs PDF File

Word file Icon
635dd1ad8bfff_179127.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting What the Numbers Mean

Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele

10th edition

9780077515904, 007802529X, 77515900, 978-0078025297

More Books

Students also viewed these Accounting questions

Question

Using a graphing utility, graph y = cot -1 x.

Answered: 1 week ago

Question

Calculate the missing value.

Answered: 1 week ago