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Problem 4 Bank Reconciliation Directions: Use the following information to prepare a bank reconciliation for the Big Player Company as of August 31, 2016. Use

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Problem 4 Bank Reconciliation Directions: Use the following information to prepare a bank reconciliation for the Big Player Company as of August 31, 2016. Use good form including a heading and edit your work A Cash account balance according to the General Ledger, August 31, $10,325.50 B Bank statement balance, August 31, $12,161.20 C Deposits in transit, $1500.00. D Outstanding checks, $3,760.70. E Service charge on bank statement not yet recorded by the company, $35.00 F A check for $300.00 related to another company's bank account was incorrectly charged against and deducted from Big Player's bank account by the bank Check #1575 to ABC All Purpose Repairs Inc. for $650.00 was incorrectly recorded in the Cash account $560.00 G

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