Question
Whispering Winds is unable to reconcile the bank balance at January 31. Whispering Winds's reconciliation is as follows. Cash balance per bank $3,800.20 Add: NSF
Whispering Winds is unable to reconcile the bank balance at January 31. Whispering Winds's reconciliation is as follows.
Cash balance per bank
$3,800.20
Add: NSF check
570.00
Less: Bank service charge
35.00
Adjusted balance per bank
$4,335.20
Cash balance per books
$4,115.20
Less: Deposits in transit
650.00
Add: Outstanding checks
940.00
Adjusted balance per books
$4,405.20
Prepar a correct bank reconciliation. (List items that increase cash balance first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.)
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Financial Accounting
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice
10th edition
324645570, 978-0324645576
