Create a Bank Reconciliation for Tasters Club Corp. In this exercise, you will create a bank reconciliation for Tasters Club Corp. for the month ended December 31, 2016. The reconciliation should be partly based on these figures: Bank Statement Balance (12/31/2016) equals $16,200; Notes Receivable equals $395; NSF Check equals $4,000; Bank Charges equals $550. During the month, the bank erroneously deposited a $505 check written to Pepper Products into the bank account of Tasters Club Corp.
Create a Bank Reconciliation for Tasters Club Corp. In this exercise, you will create a bank reconciliation for Tasters Club Corp. for the month ended December 31, 2016. The reconciliation should be partly based on these figures: Bank Statement Balance (12/31/2016) equals $16,200; Notes Receivable equals $395; NSF Check equals $4,000; Bank Charges equals $550. During the month, the bank erroneously deposited a $505 check written to Pepper Products into the bank account of Tasters Club Corp.
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 21E
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Create a Bank Reconciliation for Tasters Club Corp. In this exercise, you will create a bank reconciliation for Tasters Club Corp. for the month ended December 31, 2016. The reconciliation should be partly based on these figures: Bank Statement Balance (12/31/2016) equals $16,200; Notes Receivable equals $395; NSF Check equals $4,000; Bank Charges equals $550. During the month, the bank erroneously deposited a $505 check written to Pepper Products into the bank account of Tasters Club Corp.
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