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The bank statement for Michah Mack Construction Co. indicates a balance of $9,184.60 on June 30. The cash account in the depositor's records had a
The bank statement for Michah Mack Construction Co. indicates a balance of $9,184.60 on June 30. The cash account in the depositor's records had a balance of $6,767.10. Prepare a bank reconciliation on the basis of the following items: 1. Outstanding checks amounted to $3,192.50. 2. Deposit in transit are $700.00 3. Bank debit memorandum for service charges is $30. 4. A check for $83 for supplies was recorded as $38 in the ledger. 5. NOTE: Do not use commas, minus signs or a dollar signs, Round Each Numberto 2 decimal places!! Bank Statement Balance Add: Deposit in transit Less: Outstanding Checks Reconciled Balance Beginning Bank Balance Add: Bank Service Charge Error Recorded Reconciled Balance
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