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Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 1 Balance per Cash account, June 30. $9172.54 2 Balance per bank statement, June 30. $9490.33 3 Deposits not reflected on bank statement. $942.50 4 Outstanding checks, June 30. $1,638.59 5 Service charge on bank statement not recorded in books. $14.30 6 Error by bank-Yertel Company check charged on Young Companys bank statement. $715 7 Check for advertising expense $325 incorrectly recorded in books as $676

Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 1 Balance per Cash account, June 30. $9172.54 2 Balance per bank statement, June 30. $9490.33 3 Deposits not reflected on bank statement. $942.50 4 Outstanding checks, June 30. $1,638.59 5 Service charge on bank statement not recorded in books. $14.30 6 Error by bank-Yertel Company check charged on Young Companys bank statement. $715 7 Check for advertising expense $325 incorrectly recorded in books as $676

Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 7.3BE
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Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30:
1 Balance per Cash account, June 30. $9172.54
2 Balance per bank statement, June 30. $9490.33
3 Deposits not reflected on bank statement. $942.50
4 Outstanding checks, June 30. $1,638.59
5 Service charge on bank statement not recorded in books. $14.30
6 Error by bank-Yertel Company check charged on Young Companys bank statement. $715
7 Check for advertising expense $325
incorrectly recorded in books as $676

 

 

Question 3 Not complete Marked out of 17.00 Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 1 Balance per Cash account, June 30. $9,172.54 2 Balance per bank statement, June 30. 9,490.33 3 Deposits not reflected on bank statement. 942.50 4 Outstanding checks, June 30. 1,638.59 5 Service charge on bank statement not recorded in books. 14.30 6 Error by bank-Yertel Company check charged on Young Company's bank statement. 715 7 Check for advertising expense 325 incorrectly recorded in books as 676 Note: Do not round answers - enter using two decimal places, when needed. YOUNG COMPANY Bank Reconciliation June 30 Enday Balae from back, s Add: BepesA Aof ereditel 4490.33alance from general ledger 442.50 %24 0 Add: Check 375 Add: Bank error- Yertal Company check recorc charged against Young Company's account 715 14.30 chedes Reconsited cnsh blerce 4.30 Less: Less: %24 %24
Transcribed Image Text:Question 3 Not complete Marked out of 17.00 Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at June 30: 1 Balance per Cash account, June 30. $9,172.54 2 Balance per bank statement, June 30. 9,490.33 3 Deposits not reflected on bank statement. 942.50 4 Outstanding checks, June 30. 1,638.59 5 Service charge on bank statement not recorded in books. 14.30 6 Error by bank-Yertel Company check charged on Young Company's bank statement. 715 7 Check for advertising expense 325 incorrectly recorded in books as 676 Note: Do not round answers - enter using two decimal places, when needed. YOUNG COMPANY Bank Reconciliation June 30 Enday Balae from back, s Add: BepesA Aof ereditel 4490.33alance from general ledger 442.50 %24 0 Add: Check 375 Add: Bank error- Yertal Company check recorc charged against Young Company's account 715 14.30 chedes Reconsited cnsh blerce 4.30 Less: Less: %24 %24
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