Question
P5.2 Tavaras Tavern reconciles its bank statement monthly. At the beginning of July, it found the following concerning the June reconciliation: The bank balance on
P5.2 Tavaras Tavern reconciles its bank statement monthly. At the beginning
of July, it found the following concerning the June reconciliation: The
bank balance on the bank statement was $4,810, and the bank balance ac- cording to the taverns records was $5,112. Checks # 306 in the amount
of $27, # 309 in the amount of $108, and # 311 in the amount of $87 were
still unpaid by the bank at June 30. At the end of June, the bank had added
to the taverns bank account an amount of $38 for interest earned on a
separate savings account it has at the bank and had deducted $8 for a
service charge. A deposit made by the tavern on June 30 in the amount
of $554 did not appear on the banks statement. Prepare Tavaras bank
reconciliation for June 30, 0006.
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