Question
Prepare a bank reconciliation for Big Blue Company for November 30, 2020 using the following information: The balance per the November 30, 2020 bank statement
Prepare a bank reconciliation for Big Blue Company for November 30, 2020 using the following information: The balance per the November 30, 2020 bank statement is $19,916.65. The balance per the November 30, 2020 books is $ 26,411.50. The bookkeeper mistakenly recorded a $450.00 cash disbursement (payment) as $530.00. The bank mistakenly recorded a deposit of $8,050 made by Big Blue Company on November 10 into another companies bank account. 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 Date: ___________________________ Bank Balance Per Bank Statement: Add: Deduct: Adjusted Cash Balance, Bank Books Cash Balance Per Books: Add: Deduct: Adjusted Cash Balance, Books
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