Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The bank statement for Diamond Company indicates a balance of $11.500 on June 30. The cash balance per the books had a balance of $10,300

image text in transcribed
image text in transcribed
The bank statement for Diamond Company indicates a balance of $11.500 on June 30. The cash balance per the books had a balance of $10,300 on this date. The following information pertains to the bank transactions for the company, A. Deposit of $3,218, representing cash receipts from June 30, did not appear on the bank statement B. Outstanding checks totaled $2,300. C. Bank service charges for June amounted to $35. D. The bank collected $2,253 from a customer on Diamond's behalf during June. E A NSF (non-sufficient funds) check for $100 from a customer was identified on the bank statement Prepare Diamond's bank reconciliation on June 30. Use a - (hyphen) to represent that no data is presented. Do NOT use a $ (dollar sign). Do NOT use cents. Do use a comma separator, Balance per Bank: Balance per Company: Additions Additions: Deductions: Deductions: Prepare Diamond's bank reconciliation on June 30. Use a - (hyphen) to represent that no data is presented. Do NOT use a $ (dollar sign). Do NOT use cents. Do use a comma separator. Balance per Bank Balance per Company: Additions: Additions Deductions: Deductions: Adjusted Company Balance: Adjusted Bank Balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrated Reporting And Audit Quality An Empirical Analysis In The European Setting

Authors: Chiara Demartini, Sara Trucco

1st Edition

3319488252, 9783319488257

More Books

Students also viewed these Accounting questions

Question

=+d) Why does the no trend model from Exercise 40 no longer work?

Answered: 1 week ago