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Problem & Bank Reconciliation and Journal Entries Rebel Company's cash account has a year end balance of $20,300 Outstanding checks an of year end
Problem & Bank Reconciliation and Journal Entries Rebel Company's cash account has a year end balance of $20,300 Outstanding checks an of year end totaled $1.500 Deposits in transit totaled $4.300 at year end. The bank incorrectly recorded a deposit of $680 that was correctly reconded by the Rebel Company as $400. Anon sufficient fund check of $220 is included in the year end balance on the books of Rebel Company Rebel Company incorectly reconded a check disbursement on their books for $220 that correctly cleared the bank for $520 The amount was originally posted to Maintenance Expense. The bank statement shows a service charge of $40 on the account. The bank collected a note on behalf of the Rebel Company that included $2.500 in principal and $150 in interest The service charge and note collection are on the bank statement but not yet on the books of the Rebel Company The balance per the bank statement is $19.790 Hint: Typing in the bank reconciliation into the answer space for question 16 is easier if you put the two sides of the reconciliation on top of each other instead of side-by-side. Either way will be acceptable Using the above information, answer questions 16-17 Question 16 Prepare a bank reconciliation in good form using the space provided below Et View Insert Format Tools Table 12ptParagraph Question 17 BIU Accounts Edit View Insert Format Tools Table 12ptParagraph BIY Credit 4 pts
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