Question
Old Westbury Co closes their books on 12/31. Their cash balance at the time is 10,050. The Bank Statement shows a a balance of 9,807.
Old Westbury Co closes their books on 12/31. Their cash balance at the time is 10,050. The Bank Statement shows a a balance of 9,807. Using the following information perform a Bank Reconciliation and show 'true' cash:
Deposits in Transit $1,650
NSF Check $125
Bank Fees $43
EFT $975
Checks Outstanding $600
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College Accounting Chapters 1-30
Authors: David Haddock, John Price, Michael Farina
16th Edition
1260247902, 978-1260247909
