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On August 31, Sheridan Company had an unadjusted cash balance of $8,800. An examination of the August bank statement shows a balance of $7,640 on

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On August 31, Sheridan Company had an unadjusted cash balance of $8,800. An examination of the August bank statement shows a balance of $7,640 on August 31, bank service charges of $36, deposits in transit of $2,720, interest earned of $13, outstanding cheques of $1,783, and an NSF cheque of $200. Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) Sheridan Company Bank Reconciliation

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