Question
The following information was available for Anderson Company for the month ended May 31, 2019. a, The book balance at May 31, 2019 was $3,890.22
The following information was available for Anderson Company for the month ended May 31, 2019.
a, The book balance at May 31, 2019 was $3,890.22
b, The bank balance at May 31, 2019 was $5,660.22.
c, Outstanding cheques amounted to $6,310. The May 31st cash receipts of $5,600 were deposited but have not yet
d, The May 31st cash receipts of $5,600 were deposited but have not yet on the bank statemen
e, A $50 debit memorandum for cheques printed by the bank was included with the cancel)ed cheques
f, A customer's note for $1,000 was collected by the bank. In addition, interest on the note was $110
g, The bank incorrectly recorded a cheque payment of $1,600 as $1,500.
Can anybody help me solve a bank reconciliation for Anderson Company at May 31, 2019.Thanks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started