Question
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: |
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ADD: |
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DEDUCT: |
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Adjusted balance per the bank statement |
| $ |
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Balance according to the checkbook: |
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ADD: |
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DEDUCT: |
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Adjusted balance per the checkbook |
| $ |
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