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Sunshine Retail provides the following bank statement and cash account information for January 2023: Bank Statement (January 2023) Description Amount ($) Beginning Balance $10,000 Deposits
Sunshine Retail provides the following bank statement and cash account information for January 2023:
Bank Statement (January 2023)
Description | Amount ($) |
Beginning Balance | $10,000 |
Deposits | $15,000 |
Withdrawals | ($7,000) |
Bank Service Charges | ($50) |
Ending Balance | $17,950 |
Cash Account (January 2023)
Description | Amount ($) |
Beginning Balance | $12,000 |
Deposit in Transit | $5,000 |
Outstanding Checks | $3,000 |
Bank Service Charges | ($50) |
Ending Balance | ? |
Prepare a bank reconciliation statement for Sunshine Retail's cash account as of January 31, 2023.
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