Question
mig stories developed the following information in recording its bank statement for month of march Balance per books March 31 8905 Balance per bank statement
mig stories developed the following information in recording its bank statement for month of march
Balance per books March 31 8905
Balance per bank statement March 31 10900
1. check written in march but still outstanding 4000
2. check written in february but still outstanding 2800
3. deposits of march 30 and 31 not yet recorded by bank 5200
4. NSF check out customer returned by bank 1200
5. check No 210 for 594 was correctly issued and paid by bank but incorrectlyenterned in the cash payments journal as pay ent on account for 549.
6. bank service charge for march was 50.
7. A payment on account was incorrectly entered in the cash payment journal and posted to the accounts payable subsidiary ledger for $824 when check N0. 318 was correctly prepared for $ 284 the check cleared the bank in march.
8. the bank collected a note receivable for the company for $1000 plus 150interest revenue.
Instruction.
prepare bank reconciliation for MIG stories at march 31.
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