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Problem 3 - Complete the following Bank Reconsiliation Ending Balance on Bank Statement 20,000 Ending Balance on Depositor's Records 8,000 Collection of Notes Rec. 7,000
| Problem 3 - Complete the following Bank Reconsiliation | ||
| Ending Balance on Bank Statement | 20,000 | |
| Ending Balance on Depositor's Records | 8,000 | |
| Collection of Notes Rec. | 7,000 | |
| Interest Income on Note Rec. | 1,000 | |
| Outstanding Checks | 7,000 | |
| Deposits in Transit | 2,000 | |
| Service Charge | 1,000 | |
| Complete in the following form: | ||
| Ending Balance on Bank Statement | $ 20,000 | |
| Add: | ||
| Subtract: | ||
| Adjusted Bank Balance: | ||
| Ending Balance on Depositor's Records | $ 8,000 | |
| Add: | ||
| Subtract: | ||
| Adjusted Book Balance: | ||
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