Question
Wyatt Ltd. Is unable to reconcile the bank balance at January 31. Wyatts reconciliation is as follows. Cash balance per bank $3,560.20 Add: NSF check
Wyatt Ltd. Is unable to reconcile the bank balance at January 31. Wyatts reconciliation is as follows.
| Cash balance per bank | $3,560.20 |
| Add: NSF check | 490.00 |
| Less: bank service charge | 25.00 |
| Adjusted balance per bank | $4,025.20 |
| Cash balance per books | $3,875.20 |
| Less: deposits in transit | 530.00 |
| Add: outstanding checks | 730.00 |
| Adjusted balance per books | $4,075.20 |
- prepare a correct bank reconciliation.
- Journalize the entries required by the reconciliation.
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Cost Accounting For Managerial Planning Decision Making And Control
Authors: Woody Liao, Andrew Schiff, Stacy Kline
6th Edition
1516551702, 9781516551705
