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Sky Company is unable to reconcile the bank balance at January 31. Skys reconcilation is as follows. Cash balance per bank Add: NSFcheck Less: Bank
Sky Company is unable to reconcile the bank balance at January 31. Skys reconcilation is as follows.
Cash balance per bank
Add: NSFcheck
Less: Bank service charge
Adjusted balance per bank
$5,300
1,570
35
$6,835
Cash balance per books
Less: Deposits in transit
Add: Outstanding checks
Adjusted balance per books
$5,705
750
1,950
$6.905
Prepare a correct bank reconciliation. (list items that increase cash balance first.)
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