Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The bookkeeper at Tony Company has asked you to prepare a bank reconciliation as of February 29. The February bank statement and the February T-account
The bookkeeper at Tony Company has asked you to prepare a bank reconciliation as of February 29. The February bank statement and the February T-account for cash showed the following (summarized): BANK STATEMENT Deposits Balance, February 1 February 2 February 4 February5 February9 February 12 February 14 February 19 February 23 February 26 February 27 February 28 Balance $63,9e8 44,608 6e, 188 $485 59,695 46,895 36,845 54,845 43,245 68,845 52,395 328 52,715 55 52,668 181 $19,380 $15,see NSF 182 13,680 183 9,258 184 11,680 185 8,458 18,889 17,680 Interest earned Service charge Feb. 1 Balance Feb. 2 Feb. 13 Feb. 21 Feb. 28 63,982 15,509 19,30 Feb. 11181 18,80913,680 Feb.71182 17,6699.250 Feb. 11 183 9,589 11,688 b 17 1184 . 25 185 Feb. 29 186 8,458 Feb Feb. 29 Balance 68,688 Tony Company's bank reconcillation at the end of January showed no outstanding checks. No deposits were In transit at the end of January, but a deposit was In transit at the end of February. Required: 1. Prepare a bank reconcillation for February. Bank At F 29 Bank Statement Company's Books Ending Balance Per Bank Statement Additions Ending Balance Per Cash Account Additions Deductions: Deductions: Up-to-Date Cash Balance 5 0 Up-to-Date Cash Balance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started