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Problem II. Prepare a Bank Reconciliation in good form from the following: (17 points) May 31, 2020 Cash balance from the depositor's records $3,500 May
Problem II. Prepare a Bank Reconciliation in good form from the following: (17 points) May 31, 2020 Cash balance from the depositor's records $3,500 May 31, 2020 Cash balance from the bank statement $5,310 Outstanding checks $2,000 Deposit in transit $200 A $600 deposit you made was in error lost by the bank and was not credited to your bank account properly. Error made by you when you wrote a check for $240 which was returned by the bank to you as a NSF (non-sufficient funds) check. Bank also charged you a $20 fee. A customer check deposited by you was returned by the bank as a NSF $450. Interest Income earned on the checking account $30. Error by you on a $140 check payment that you in error recorded in the journals as $410. Bank error: a customer check deposited by you for $172 was recorded in error as $712
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