Question
The following information is needed to reconcile the cash balance for Snapology of Florida Southern. Balance as per the bank statement is $11,250. Balance as
The following information is needed to reconcile the cash balance for Snapology of Florida Southern.
Balance as per the bank statement is $11,250.
Balance as per books is $10,150.
Check #502 for $1,300 and check #511 for $800 were not shown on the June 30 bank statement.
A deposit in transit of $3,100 had not been received by the bank when the bank statement was generated.
A bank debit memo indicated an NSF check for $85 written by Josh Richardson to Snapology of Florida Southern on June 13.
A bank credit memo indicated a note collected by the bank of $2,165 and interest revenue of $45 on June 20.
The bank statement indicated service charges of $25.
Based on this information, prepare a bank reconciliation for Snapology of St Pete as of June 30, 2020.
Also, prepare any required journal entries from the completed bank reconciliation.
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The Auditors Guide Of 1869 A Review And Computer Enhancement Of Recently Discovered Old Microfilm Of Americas First Book On Auditing By H J Mettenheimer
Authors: Peter L. McMickle, Paul H. Jensen
1st Edition
0367534622, 978-0367534622
