Question
Swifty Wyatt is unable to reconcile the bank balance at January 31. Swiftys reconciliation is as follows. Cash balance per bank $3,820.20 Add: NSF check
Swifty Wyatt is unable to reconcile the bank balance at January 31. Swiftys reconciliation is as follows.
| Cash balance per bank | $3,820.20 | |
| Add: NSF check | 560 | |
| Less: Bank service charge | 31 | |
| Adjusted balance per bank | $4,349.20 | |
| Cash balance per books | $4,135.20 | |
| Less: Deposits in transit | 660 | |
| Add: Outstanding checks | 936 | |
| Adjusted balance per books | $4,411.20 |
Prepare a correct bank reconciliation. (List items that increase cash balance first. Round answers to 2 decimal places, e.g. 52.75.)
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Evidence Based Audit In General Practice
Authors: Richard Baker, Robin C. Fraser MD FRCGP, Mayur Lakhani MRCP MRCGP DCH
1st Edition
075063104X, 978-0750631044
