Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use below information to do a bank reconciliation: Balance as per the bank statement is $16,240. Book balance is $15,200. . Check #506 for $1,300
Use below information to do a bank reconciliation: Balance as per the bank statement is $16,240. Book balance is $15,200. . Check #506 for $1,300 and check #510 for $930 were not shown on the June 30 bank statement. A deposit in transit of $3,510 had not been received by the bank when the bank statement was generated. A bank debit memo indicated an NSF check by a customer for $185 on June 13. A bank credit memo indicated a note collected by the bank of $2,500 and interest revenue of $55 on June 20. The bank statement indicated service charges of $50. . Fill in the Bank Reconciliation below: Bank Balance, June 30, 2019 $ Book Balance, June 30, 2019 $ ADD: ADD: LESS: LESS: Adjusted balance: June 30, 2019 S Adjusted balance: June 30, 2019 S
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