Question
The following information pertains to the bank transactions of Rawlins Company: a. Cash on the books as of April 30 was $499. Cash as shown
The following information pertains to the bank transactions of Rawlins Company: a. Cash on the books as of April 30 was $499. Cash as shown on the bank statement for the same date was $1,330. b. A deposit of $160, representing cash receipts as of April 30, did not apppear on the bank statement. c. Outstanding checks totaled $240. d. Bank service charges for April amounted to $9 e. The bank collected for Rawlins Company $840 (which includes $40 interest) on a note left for collection. f. An NSF check for $80 from a customer, Joe Beck, was returned with the statement. Required: 1. Prepare a bank reconciliation for Rawlins Company as of April 30. 2. State the amount of cash that would appear on the balance sheet as of April 30.
Rawlins Company | ||
Bank Reconciliation | ||
April 30, 2014 | ||
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