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Brandon Company Bank Reconciliation May 31, 2020 Balance per books May 31 Add: Electronic Fund Transfer Deposit in transit Deduct: Bank charges NSF cheque, Rhonda Teal Outstanding cheques. Error in cheque #78: correctly issued and processed by the bank $ 1,060 2,455 10 500 1,800 $ 9,500 3,515 $13,015

Brandon Company Bank Reconciliation May 31, 2020 Balance per books May 31 Add: Electronic Fund Transfer Deposit in transit Deduct: Bank charges NSF cheque, Rhonda Teal Outstanding cheques. Error in cheque #78: correctly issued and processed by the bank $ 1,060 2,455 10 500 1,800 $ 9,500 3,515 $13,015

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11MC
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BRS prepote Brandon Company Bank Reconciliation May 31, 2828 Balance per books May 31 Add: Electronic Fund Transfer Deposit in transit Deduct: Bank charges NSF cheque, Rhonda Teal $ Outstanding cheques Error in cheque #78: correctly issued and processed by the bank for $762, but incorrectly recorded in the books as $726 (Accounts Payable-Delta Co.). Indicated bank balance Balance per bank statement Discrepancy $ 1,960 2,455 18 5080 1,800 36 $ 9,500 3,515 $13,015 2,346 $10,669 9,359 $ 1,310
Transcribed Image Text:BRS prepote Brandon Company Bank Reconciliation May 31, 2828 Balance per books May 31 Add: Electronic Fund Transfer Deposit in transit Deduct: Bank charges NSF cheque, Rhonda Teal $ Outstanding cheques Error in cheque #78: correctly issued and processed by the bank for $762, but incorrectly recorded in the books as $726 (Accounts Payable-Delta Co.). Indicated bank balance Balance per bank statement Discrepancy $ 1,960 2,455 18 5080 1,800 36 $ 9,500 3,515 $13,015 2,346 $10,669 9,359 $ 1,310
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