Question
Using the following information, prepare the bank reconciliation for Reconciliation Corp for November 30, 2014. Be sure to exclude items that do not belong on
Using the following information, prepare the bank reconciliation for Reconciliation Corp for November 30, 2014.
Be sure to exclude items that do not belong on a bank reconciliation.
a. The unadjusted balance of cash in the general ledger was a debit balance of $2,000.
b. The ending balance of cash per the bank statement was $2,500.
c. Outstanding checks are $975.
d. Bank service charge on the bank statement was $25.
e. Ending balance of notes receivable in the general ledger is $500.
f. Interest earned on the bank statement was $50.
g. Deposits in transit are $500.
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