Question
The business just received their April bank statement from Citi National Bank and the statement shows an ending balance of $1,225 Listed on the statement
The business just received their April bank statement from Citi National Bank and the statement shows an ending balance of $1,225
Listed on the statement are EFT rent collection $440, a service charge of $20, an NSF check outstanding of $40 and $20 charge for printed checks
In reviewing the cash records the buisness identified outstanfing checks totaling $440 and a deposit in transit of $1,445
During April, the business recorded $1,234 in payment of supplies as 1034 dollars in error
The business account shows in April 30th, 2021 balance of $2,104
Prepare a bank reconciliation for Enterprise Company.
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