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Using the following information, prepare a bank reconciliation for Quincy Co. for May 31 of the current year: (a) The bank statement balance is $2,012.

Using the following information, prepare a bank reconciliation for Quincy Co. for May 31 of the current year:

(a)

The bank statement balance is $2,012.

(b)

The checkbook ledger balance is $2,147.

(c)

Outstanding checks amounted to $590.

(d)

Deposits in transit are $704.

(e)

The bank service charge is $30.

(f)

Interest earned on checking account balance during the month is $9.

Quincy Co.

Bank Reconciliation

May 31, 2020

Balance according to the bank statement:

ADD:

DEDUCT:

Adjusted balance per the bank statement

$

Balance according to the checkbook:

ADD:

DEDUCT:

Adjusted balance per the checkbook

$

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