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Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as follows. Cash balance per bank $5,300 Add: NSF check
Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as follows. Cash balance per bank $5,300 Add: NSF check 1,570 Less: Bank service charge 35 Adjusted balance per bank $6,835 Cash balance per books $5,705 Less: Deposits in transit 750 Add: Outstanding checks 1,950 Adjusted balance per books $6,905 Prepare a correct bank reconciliation. (List items that increase cash balance first.) SKY COMPANY Bank Reconciliation I $ 4 -> $ $ 0009
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