Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

mielesl Lallleu Service Charge SUPERIOR PRINTING COMPANY Bank Reconciliation At June 30 Updates to Bank Statement Updates to Company's Books 52 Bank statement balance Book

image text in transcribedimage text in transcribedimage text in transcribed

mielesl Lallleu Service Charge SUPERIOR PRINTING COMPANY Bank Reconciliation At June 30 Updates to Bank Statement Updates to Company's Books 52 Bank statement balance Book balance 53 Additions: Additions: 55 Deductions: Deductions: Adjusted bank balance Adjusted book balance 1. Prepare a bank reconciliation using a company's bank statement and cash account. ? X Preparing a bank reconciliation. - Excel PAGE LAYOUT FORMULAS DATA REVIEW - Sign In FILE HOME INSERT VIEW | Paste B IU- 2. A Alignment Number Conditio umber Conditional Format Cell Formatting as Table Styles Styles Clipboard Font G37 June 30 deposit 28,000 1.200 250 80 9,800 350 4,600 770 4,900 700 920 600 E Check #103 Check #104 Check #105 Check #106 Check #107 Check #108 Check #109 Check #110 Check #111 Check #112 Check #113 June 30 Bal. 82.190 37 Required: 38 Prepare a bank reconciliation for June using the bank statement and T-account above and the information below. 39 Additional information: 40 There were no deposits in transit or outstanding checks at May 31. 41 Note: Columns C and F must be entered as positive values. In columns B & E, use cell references 42 to the appropriate items from the list below. List "Deductions" in chronological order (earliest item first). Bank Error NSF Check Deposits in Transit Outstanding Checks EFT from Customer Recording Error Interest Earned Service Charge ... Sheet 1 ... + E @ - READY Attempt(s) + 100% Hint 1. Prepare a bank reconciliation using a company's bank statement and cash account. ? - Sign In X S. Preparing a bank reconciliation. - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri -11 -A A = % H D D Paste B IU . A Alignment Number Conditional Format Cell Formatting as Table Styles Clipboard Font Styles vxv fx BE- Cells Editing G2 1 The June bank statement and the cash T-account for Superior Printing Company is shown below. BANK STATEMENT Deposits Other Checks Date June 1 10,000 NSF 440 1,200 500 1,200 250 80 9,800 350 4,600 700 920 600 Balance 18,500 18,060 16,860 16,360 15,160 24,910 23,990 49,190 48,840 44,240 60,540 59,570 59,000 35,000 17,000 Serv. Charge Interest Earned Cash June 1 Bal. June 13 deposit June 22 deposit June 29 deposit Sheet 1 ... 18,500 10,000 35,000 17,000 440 1,200 500 Check #100 Check #101 Check #102 + ! O O O + 100% READY Attempt(s) Hint

Step by Step Solution

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

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

Word Search Puzzle Book For Auditing Clerk

Authors: Lx Antu

1st Edition

B09KN7YDD6, 979-8757688466

More Books

Students also viewed these Accounting questions

Question

Technology. Refer to Case

Answered: 1 week ago