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prepare a balance sheet in proper format Blue Industries provided the following information for the month of February. Balance per bank on February 28-$37,304 Balance
prepare a balance sheet in proper format
Blue Industries provided the following information for the month of February. Balance per bank on February 28-$37,304 Balance per books on February 28-$38,648 Total outstanding checks at February 28-$2,520 Debit memoranda: NSF check from Sanderson, Inc.-$540 Printing company checks-$36 C Electronic payment to bank for a loan-$2,656. Of this amount, $112 is interest. Credit memorandum: EFT from customer for $1,760 A check written this month to City Utilities and cleared the bank at the correct amount of $2.152. but was recorded at $2,236. 1. 2. 3. 4. 5 6 7 8 a b The bank charged a $316 check of ABC Company against Blue Industries' account. Deposit in transit on February 28-$2.160 Prepare a bank reconciliation in proper format. (List items that increase balance as per bank & books first.) Bluelndustries Bank Reconciliation February 28 $ $ III S Step by Step Solution
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