Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Quiz 2 Introduction to Financial Accounting Prepare a bank reconciliation for Coastal Company for November 30, 2017 using the following Information The balance per the

image text in transcribed

Quiz 2 Introduction to Financial Accounting Prepare a bank reconciliation for Coastal Company for November 30, 2017 using the following Information The balance per the November 30, 2017 bank statement is $35,416.65 The bookkeeper mistakenly recorded an $225.00 cash disbursement as $255.00 The bank mistakenly recorded a deposit of $8,000 made by Big Blue Company on November 10 into the Big Two Company account "The bank statement indicated bank service charges of $25.00 for November Outstanding cheques as of November 30, 2017, amount to $2,500.15 Deposits in transit as of November 30, 2017 amount to $1,000 The balance per the November 30, 2017 per books is $ 40,911 50 Coastal Company Bank Reconciliation September 30, 2017 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Financial Accounting

Authors: Fred Phillips, Robert Libby, Patricia Libby

5th edition

78025915, 978-1259115400, 1259115402, 978-0078025914

Students also viewed these Accounting questions