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The bank statement for Sheridan Company indicates a balance of $2,130 on June 30. The cash balance per books had a balance of $860 on
The bank statement for Sheridan Company indicates a balance of $2,130 on June 30. The cash balance per books had a balance of $860 on this date. The following information pertains to the bank transactions for the company. 1. Deposit of $800, representing cash receipts of June 30, did not appear on the bank statement 2. Outstanding checks totaled $390. 3. Bank service charges for June amounted to $37. 4. The bank collected a note receivable for the company for $1,740 plus $73 interest revenue. 5. An NSF check for $96 from a customer was returned with the statement. Prepare a bank reconciliation for June 30. ALSO Prepare any adjusting entries necessary as a result of the bank reconciliation
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