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The following information was available for Anderson Company for the month ended May 31, 2020. (a) The book balance at May 31, 2020 was $3,890.22.
The following information was available for Anderson Company for the month ended May 31, 2020. (a) The book balance at May 31, 2020 was $3,890.22. (b)The bank balance at May 31, 2020 was $5,660.22. (c)Outstanding cheques amounted to $6,310. (d)The May 31st cash receipts of $5,600 were deposited but have not yet appeared on the bank statement. (e) A S50 debit memorandum for cheques printed by the bank (bank charges) was included with the cancelled cheques. (1) 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 (bank error). Prepare a bank reconciliation for Anderson Company at May 31, 2020
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