Question
RECONCILIATION Use the following information to prepare a bank reconciliation for Enjoy the Break Corp December 2021. 15 Points The book balance is $41,000 at
RECONCILIATION Use the following information to prepare a bank reconciliation for Enjoy the Break Corp December 2021. 15 Points
The book balance is $41,000 at December 31, 2021 |
The bank statement shows the bank deposited interest earned by Enjoy the Break Corp in the amount of $1,400 |
The bank statement shows customer's nonsufficient funds checks total $18,100 |
The bank balance at December 31, 2020 was $92,000. |
The bank statement shows the bank collected rent in the total amount of $65,800 for Enjoy the Break Corp. and deposited the cash in the account at the bank but Enjoy the Break Corp. has not yet entered the amount in the books. |
The bank statement shows the bank took out $36,500 to pay an installment on a note owed to the bank |
Outstanding checks total $72,600. |
A deposit of $34,200 is in transit. |
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