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Using the following information, prepare a bank reconciliation for Corley Company for June 30, 20XX. a. The bank statement balance is 9,000.20. b. The cash
Using the following information, prepare a bank reconciliation for Corley Company for June 30, 20XX. |
a. | The bank statement balance is 9,000.20. |
b. | The cash account balance is $4,677.10. |
c. | Cash sales of $342 had been erroneously recorded as $324. |
d. | Deposits in transit not shown on the bank statement are $700. |
e. | Bank debit memorandum for service charges, $30. |
f. | Bank credit memorandum for note collected by bank, $2,050, including $50 interest. |
g. | Bank debit memorandum for $207.40 NSF check from Alice Martin, a customer. |
h. | Checks outstanding, $3,192.50 |
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