Question CompletionMoving to another question will save this response.Question 6AMA Company's bank statement for 31st December 2021 showed a cash balance of $2750. The company's Cash account in its general ledger showed a$2000 debit balance. The following information was also available as of December 31sta. A $900 NSF check from a customer, J. Steel is shown on the bank statement but not yet recorded by the company.b. The December 31st cash receipts, $3,250, were placed in the bank's night depository after banking hours and this amount did not appear on theDecember 31st bank statement.c. A $59 debit memorandum for checks Book deducted by the bank.d. Outstanding checks amounted to $2,339.e. A customer's note for $2,790 was collected by the bank. A collection fee of $20 was deducted by the bank and the difference was deposited in theaccount.f. The bank erroneously deducts a check for $150 by mistake.Required: Prepare a bank reconciliation as of December 31stformat:W

1. NSF Checks are not sufficient funds checks which are recorded in books of accounts but was not…

Answered: f. The bank erroneously Required:…

Business

Accounting

f. The bank erroneously Required: Prepare a bank reconciliation as of December 31st

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section: Chapter Questions

Problem 2AP

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

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