Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare a bank reconciliation for Big Blue Company for November 30, 2020 using the Adjusted Cash Balance, following information: Bank The balance per the November

image text in transcribed
Prepare a bank reconciliation for Big Blue Company for November 30, 2020 using the Adjusted Cash Balance, following information:" Bank The balance per the November 30, 2020 bank statement is $19,916.65.~ Books The balance per the November 30, 2020 books is $ 26,411.50.~ Cash Balance Per Books: The bookkeeper mistakenly recorded a $450.00 cash disbursement (payment) as Add: $530.00.4 Deducte The bank mistakenly recorded a deposit of $8,050 made by Big Blue Company on November 10 into another companies' bank account Adjusted Cash Balance, Books The bank statement indicated bank service charges of $25.00 for November.~ Outstanding cheques as of November 30, 2020, amount to $2,550.15.+ Deposits in transit as of November 30, 2020, amount to $1,050.- You can follow the Bank Reconciliation template below. Journal Entries are NOT required. Template Big Blue Company Bank Reconciliation Dates Banke Balance Per Bank Statement: Deduct . Focus 1 6 - 1 + 100%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Corporate Annual Reports

Authors: William Pasewark

7th Edition

0073526932, 9780073526935

More Books

Students also viewed these Accounting questions

Question

3. It is the commitment you show that is the deciding factor.

Answered: 1 week ago