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Use the following bank statement and T-account to identify outstanding deposits that should be included in the May 31 bank reconciliation. 1 Date May 1
Use the following bank statement and T-account to identify outstanding deposits that should be included in the May 31 bank reconciliation. 1 Date May 1 May 4 May 12 May 28 May 30 May 31 May 1 May 3 May 29 May 30 May 31 ***** #2 #4 # 5 #6 #8 Debit Outstanding Deposits Checks $ 10 100 20 15 55 Cash (A) 200 50 200 150 305 BANK STATEMENT Deposits $ 50 200 NSF check Service charge Credit Other 10 May 3 #2 70 May 4 #3 100 May 8 #4 20 May 11 #5 15 May 21 #6 25 May 29 #7 55 May 30 #8 $ 50 5 Balance $ 200 240 90 70 255 195
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