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Refer to the information given below a. The August 31 balance shown on the bank statement is $9,808 b. There is a deposit in transit
Refer to the information given below a. The August 31 balance shown on the bank statement is $9,808 b. There is a deposit in transit of $1,269 at August 31 c. Outstanding checks at August 31 totaled $1,879. Interest credited to the account during August but not recorded on the company's books amounted to $115 0. A bank charge of $31 for checks was made to the account during August Although the company was expecting a charge, the f. In the process of reviewing the canoled checks, t was determined that a amount was not known until the bank statement arrived 9 The August 31 balance in tho general ledger Cash account, before reconciliation, is $9,.388 issued to a supplier in payment of accounts payable of $622 had been recorded as a disbursement of $348 Required: Prepare a bank reconciliation as of August 31 from the above information. Bank R Balance per bank Add: 31 Balance per books Add: 9,388 Deposit in transit 1,209 Interest earned 115 1,260 1,269 15 ,503 Deduct Deduct Bank service charge 1,879 1,879 (610 Reconciled balance Reconciled balance 0,503
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