Question
The following information is available for Ingrids Company for the month ending June 30, 2015. Balance per the bank statement is $10,241.43. Balance per books
The following information is available for Ingrids Company for the month ending June 30, 2015.
Balance per the bank statement is $10,241.43.
Balance per books is $9,745.06
. Check #506 for $1,948.52 and check #510 for $1,800.25 were not returned with the June 30 bank statement.
A deposit in transit of $5,113.40 had not been received by the bank when the bank statement was generated.
A bank debit memo indicated an NSF check in the amount of $79 written by Deck Tron to Ingrids Company on June 13
. A bank credit memo indicated a note collected by the bank of $1,900 and interest revenue of $75 on June 20.
The bank statement indicated service charges of $35.
Required:
1. Prepare the journal entries from the reconciliation process in the company books.
2. Prepare the adjusted cash book for the company
3. Prepare the bank reconciliation of Ingrid's company at june 30, 2015
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