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The following client-prepared bank reconciliation is being examined by Dewey, Cheatum, and Howe, CPAs, during an audit of the financial statements of Stin Kin Company:
The following client-prepared bank reconciliation is being examined by Dewey, Cheatum, and Howe, CPAs, during an audit of the financial statements of Stin Kin Company:
Question: Redraft the bank reconciliation using the above method (how to prepare a bank reconciliation image)
Stin Kin Cornpany BANK RECONCILIATION VILLAGE BANK ACCOUNT 2 December 31, 2014 HOW TO PREPARE A BANK RECONCILIAI BOOK BAIANCE, BEGINNING + CASH RECEIPTS - CASH DI SBURSEMENTS = UNADJUSTED BOOK BAI,ANCE, ENDING + UNRECORDED DEPOSITS - UNRECORDED CHECKS - BANK CHARGES + NOTES COLLECTED BY BANK - NOTES PAID BY BANK - N.G. CHECKS + REDEPOSIT OF N.G. CHECKS + - DEPOSIT CORRECTIONS +1 - CHECK ADJUSTMENTS = ADJUSTED BOOK BALANCE, ENDING + OUTSTANDING CHECKS - DEPOSITS IN TRANSTT + - BANK ERRORS + ClEARED DEPOSITS FOR SUBSEQUENT MONTH - CLEARED CHECKS FOR SUBSEQUENT MONTH +1- MISC. CLEARED ITEMS FOR SUBSEQUENI MONTH = BANK BAIAANCE, ENDINGStep by Step Solution
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