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The following information is provided with regards to Hind, Inc.: Balance in cash account on books at December 31, 2019 prior to receiving bank statement
The following information is provided with regards to Hind, Inc.: Balance in cash account on books at December 31, 2019 prior to receiving bank statement Depost in transit Outstanding checks Balance in cash account per bank statement on December 31, 2019 Electronic collection on account from Anas, a customer of Hind, Inc. Service charge Check #1250 written to Grand Blanc Electric Company (correct amount as shown on bank statement) Amount Hind, Inc. recorded check #1250 for on books (incorrect amount as shown on books) $ 1,386,125.00 $ 106,625.00 $ 127,950.00 $1,674,012.50 $ 298,550.00 $ 21,325.00 $ 159,937.50 $ 149,275.00 1. Prepare the bank side of Hind, Inc.'s December 31st bank reconciliation (4 points): 2. Prepare the book side of Hind, Inc.'s December 31st bank reconciliation 3. Prepare all journal entries that Hind, Inc. needs to record from the bank reconciliation (6 points)
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