Question
Using the following information, prepare the bank reconciliation as of December 31, 2014: Book balance: $ 25,000 Checks in circulation: $ 1,500 Deposits in transit:
Using the following information, prepare the bank reconciliation as of December 31, 2014:
Book balance: $ 25,000
Checks in circulation: $ 1,500
Deposits in transit: $ 3,000
Bank balance: $ 23,450
Bank charges not registered in the company's books: $ 50
Determine the following:
Adjusted balance in books
Bank adjusted balance
Prepare bank reconciliation
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Internal Audit Quality Developing A Quality Assurance And Improvement Program
Authors: Sally-Anne Pitt
1st Edition
1118715519, 978-1118715512
