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Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation a. Prepare the Bank Reconciliation Statement on May 31. (9 marks) b.
Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation a. Prepare the Bank Reconciliation Statement on May 31. (9 marks) b. Shows the journal entries required on May 31 to adjust Rodgers cash balance (6 marks) Cash balance per books, 5/31 $5,400 Balance per bank statement, 5/31 7,895 Deposits in transit 375 Notes receivable and interest $50 collected by bank Bank charge for check printing 40 Outstanding checks 2,400 NSF check 140 650
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