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Your assistant prepared the following bank reconciliation statement. It appears that the statement is unacceptable and the task of preparing a proper reconciliation falls upon
Your assistant prepared the following bank reconciliation statement. It appears that the statement is unacceptable and the task of preparing a proper reconciliation falls upon you.
Brandon Company
Bank Reconciliation
May
Balance per books May
Add:
Electronic Fund Transfer
Deposit in transit
$$
Deduct:
Bank charges
NSF cheque, Rhonda Teal
Outstanding cheques
Error in cheque #: correctly issued and processed by the bank
for $ but incorrectly recorded in the books as $
Accounts PayableDelta Co
Indicated bank balance
Balance per bank statement
Discrepancy
tabletabletable$ Prepare the necessary journal entries.
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