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Use the following information to prepare a bank reconciliation for Young Company at June 30: 1. Balance per Cash account, June 30, $19,403.45. 2. Balance
Use the following information to prepare a bank reconciliation for Young Company at June 30: 1. Balance per Cash account, June 30, $19,403.45. 2. Balance per bank statement, June 30, $20,075,69, 3. Deposits not reflected on bank statement, $1,993.75. 4. Outstanding checks, June 30, $3,466.24. 5. Service charge on bank statement not recorded in books, $30.25, 6. Error by bank-Yertel Company check charged on Young Company's bank statement, $1,512.50, 7. Check for advertising expense, $687,50, incorrectly recorded in books as $1,430,00, Ending balance from bank statement Add Young Company Bank Reconciliation June 30 $ 20,075,69 Cash balance from general ledger Add: 1,993,75 1,512,5 $ 19,403.45 Deposits in transit Bank error Yertel Company check Error in posting adverti 0 x Less: Lessi Service charge Outstanding checks 0 X Reconciled cash balance per bank 1,512.5 X $ 40,610,68 x Reconciled cash balance per books 0X Check
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