Question
Using the following information to prepare a bank reconciliation for XYZ Co. for May 31: (a) The bank statement balance is $3,936. (b) The cash
Using the following information to prepare a bank reconciliation for XYZ Co. for May 31:
| (a) | The bank statement balance is $3,936. |
| (b) | The cash account balance is $4,194. |
| (c) | Outstanding checks amounted to $465. |
| (d) | Deposits in transit are $655. |
| (e) | The bank service charge is $50. |
| (f) | A check for $97 for supplies was recorded as $79 in the ledger. |
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Auditors Letter Handbook
Authors: American Bar Association Business Law Section
2nd Edition
161438973X, 978-1614389736
