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The following information is available for Blue Skies Airways for the month of June(10 Points): a. On June 30, after all transactions were recorded, the
The following information is available for Blue Skies Airways for the month of June(10 Points):
a. | On June 30, after all transactions were recorded, the balance in Blue Skies Cash account was $15,244. |
b. | Blue Skies statement shows a balance on June 30 of $16,450. |
c. | The bank statement indicates the bank collected $570 on a Note Receivable for Blue Skies. |
d. | Outstanding checks on June 30 totaled $2,063. |
e. | The bank statement shows a $107 NSF check from customer A. Ronca. |
f. | A deposit placed in the bank's night depository on June 30 totaling $1,275 did not appear on the bank statement. |
g. | The bank statement listed check printing charges of $45 that have not been recorded in the books yet. |
Prepare the June bank reconciliation for Blue Skies Airways.
Blue Skies Airways | |||
Bank Reconciliation | |||
June 30 | |||
Bank Statement Balance: | Book Balance: | ||
Add: | Add: | ||
Deduct: | Deduct: | ||
Adjusted Bank Balance | Adjusted Book Balance |
9 points
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