Question
The balance in Happ Inc.'s general ledger Cash account was $14,410 at September 30, before reconciliation. The September 30 balance shown in the bank
The balance in Happ Inc.'s general ledger Cash account was $14,410 at September 30, before reconciliation. The September 30 balance shown in the bank statement was $12,930. Reconciling items included deposits in transit, $1,380; bank service charges, $160; NSF check written by a customer and returned with the bank statement, $630; outstanding checks, $560; and interest credited to the account during September but not recorded on the company's books, $130. Required: Prepare a bank reconciliation as of September 30 for Happ Inc. Balance per bank Add: Deduct HAPP INC. Bank Reconciliation September 30 Balance per books Add: Deduct Reconciled balance. Reconciled balance.
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