Question
Prepare a bank reconciliation for Big Blue Company for November 30, 2019 using the following information: a) The balance per the November 30, 2019 bank
Prepare a bank reconciliation for Big Blue Company for November 30, 2019 using the following information: a) The balance per the November 30, 2019 bank statement is $34,416.65. b) The bookkeeper mistakenly recorded a $225.00 cash disbursement as $255.00. c) The bank mistakenly recorded a deposit of $8,000 made by Big Blue Company on November 10 into the Big Two Company account. d) The bank statement indicated bank service charges of $25 for November. e) Outstanding cheques as of November 30, 2019, amount to $2,500.15. f) Deposits in transit as of November 30, 2019, amount to $1,000. g) The balance per November 30, 2019 per books is $40,911.50.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started