Ono LoKo is unable to reconcile the bank balance at January 31. Ono's reconciliation is as follows:

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\section*{Instructions}

(a) Prepare a correct bank reconciliation.

(b) Journalize the entries required by the reconciliation.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 13, 2024 02:09 AM

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Ono LoKo is unable to reconcile the bank balance at January 31. Ono's reconciliation is as follows:

Question:

Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $3,560.20 530.00 25.00 $4,065.20 $3,875.20 490.00 730.00 $4,115.20

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Financial Accounting

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