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please help ONO J It is March 31/2008 and AL- Rasheed Trading co. is ready to Prepare its March bank reconciliation. The following information is
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ONO J It is March 31/2008 and AL- Rasheed Trading co. is ready to Prepare its March bank reconciliation. The following information is availablece Company Cash Account March 1, Balance 28350 Checks 53000 Depo sit s 51468 b- Bank statement March 31: Balance March 1 Deposists 51198 Checks cleared (54118) NSF checks (customer All (100) Note collected for depositor (including interest, 80) 1680 Interest on bank balance. 36 Bank service charge (14) ? Balance, March 31: C. Additional information: 1- The co. over stated one of its deposit by 9, the bank record it correctly. 2- The bank cleared a 178 check as a 187 The error has not been corrected by the bank. 3. End of February: deposit in transit, 1550; check out standing, 4000. Required:- 1- Based on The data given above, compute the march 31, deposit in transit and cheeks out standing. 2. Prepare a bank reconciliation for Mach. Use Bank and book balance to correct cash balance format. 3- Give all journal entries that should be made based on your bank reconciliation. 30800 Step by Step Solution
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