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****T-Account format ONLY**** I already finished the accounting and journal entries QUESTION 5 MATRIX INC. BANK RECONCILIATION Cash balance per bank $8,500 Cash balance per
****T-Account format ONLY****
I already finished the accounting and journal entries
QUESTION 5 MATRIX INC. BANK RECONCILIATION Cash balance per bank $8,500 Cash balance per books (general ledger) $7,320 Outstanding checks $3,6000 Check mailed to the bank for deposit had not reached the bank by the statement date, $2,050 NSF check returned by the bank for accounts receivable $200 July interest earned on the bank statement $10 Check no. 700 for misc. expense cleared the bank for $200; erroneously recorded in the Matrix books for $20Prepare a bank reconciliation.Shown the accounting entries that must be made by Matrix in journal entry and T - Account formatStep by Step Solution
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