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The amounts are right, i just need the correct choice from the drop down menus Bank Reconciliation The following data were accumulated for use in
The amounts are right, i just need the correct choice from the drop down menus
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $20,130. 2. Cash balance according to the bank statement at August 31, $20,990. 3. Checks outstanding, $4,090. 4. Deposit in transit, not recorded by bank, $3,280. 5. A check for $340 in payment of an account was erroneously recorded in the check register as $430. 6. Bank debit memo for service charges, $40. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co. Bank Reconciliation August 31, 2046 Cash balance according to bank statement 20,990 Add: Error in recording check x 3,280 Deduct: Error in recording check x -4,090 20,180 20,130 V 90 Deduct: Bank service charge Deduct: Deposit in transit on August 31 ds Deduct: Error in recording check Deduct: Outstanding checks Adjusted balance -40 20,180 The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 2016: 1. Cash balance according to the company's records at August 31, $20,130. 2. Cash balance according to the bank statement at August 31, $20,990. 3. Checks outstanding, $4,090. 4. Deposit in transit, not recorded by bank, $3,280. 5. A check for $340 in payment of an account was erroneously recorded in the check register as $430. 6. Bank debit memo for service charges, $40. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co. Bank Reconciliation August 31, 2016 Cash balance according to bank statement 20,990 Add: Error in recording check x 3.280 Add: Bank service charge -4.090 20,180 Add: Deposit in transit on August 31 cords 20,130 Add: Error in recording check Add: Outstanding checks Deduce Bank service charge 90 -40 20,180 Adjusted balance Step by Step Solution
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