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The cash account of Swifty Co. showed a ledger balance of $14,883.83 on June 30, 2020. The bank statement as of that date showed a
The cash account of Swifty Co. showed a ledger balance of $14,883.83 on June 30, 2020. The bank statement as of that date showed a balance of $15,770. Upon comparing the statement with the cash records, the following facts were determined. 1. 2. 3. 4. 5. There were bank service charges for June of $95. A bank memo stated that Bao Dai's note for $4,560 and interest of $136.80 had been collected on June 29, and the bank had made a charge of $20.90 on the collection. (No entry had been made on Swifty's books when Bao Dai's note was sent to the bank for collection.) Receipts for June 30 for $12,882 were not deposited until July 2. Checks outstanding on June 30 totaled $8,116.99. The bank had charged the Swifty Co.'s account for a customer's uncollectible check amounting to $962.16 on June 29. A customer's check for $342 (as payment on the customer's Accounts Receivable) had been entered as $228 in the cash receipts journal by Swifty on June 15. Check no. 742 in the amount of $491 had been entered in the cash journal as $419, and check no. 747 in the amount of $221.16 had been entered as $2,211.60. Both checks had been issued to pay for purchases and were payments on Swifty's Accounts Payable. 6. 7. Prepare a bank reconciliation dated June 30, 2020, proceeding to a correct cash balance. (Enter answers to 2 decimal places, e.g. 125.62.) SWIFTY CO. Bank Reconciliation $ $ $ Add: $ Less: $
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