M5-12 (Algo) Preparing a Bank Reconciliation [LO 5-4] Use the following bank statement and T-account to prepare the May 31 bank reconciliation. BANK STATEMENT Date Checks Deposits Other Balance May 1 $ 380 May 4 #2 $ 55 $ 95 420 May 12 #4 145 NSF check $ 95 180 May 28 #5 65 115 May 30 #6 60 380 435 May 31 #8 100 Service charge 50 285 Cash (A) Debit Credit May 1 380 May 3 95 55 May 3 #2 115 May 4 #3 145 May 8 #4 65 May 11 #5 60 May 21 #6 May 29 380 70 May 29 #7 May 30 240 100 May 30 #8 May 31 485
M5-12 (Algo) Preparing a Bank Reconciliation [LO 5-4] Use the following bank statement and T-account to prepare the May 31 bank reconciliation. BANK STATEMENT Date Checks Deposits Other Balance May 1 $ 380 May 4 #2 $ 55 $ 95 420 May 12 #4 145 NSF check $ 95 180 May 28 #5 65 115 May 30 #6 60 380 435 May 31 #8 100 Service charge 50 285 Cash (A) Debit Credit May 1 380 May 3 95 55 May 3 #2 115 May 4 #3 145 May 8 #4 65 May 11 #5 60 May 21 #6 May 29 380 70 May 29 #7 May 30 240 100 May 30 #8 May 31 485
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.21E
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M5-12 (Algo) Preparing a Bank Reconciliation [LO 5-4]
Use the following bank statement and T-account to prepare the May 31 bank reconciliation.
BANK STATEMENT | ||||||
Date | Checks | Deposits | Other | Balance | ||
---|---|---|---|---|---|---|
May 1 | $ 380 | |||||
May 4 | #2 | $ 55 | $ 95 | 420 | ||
May 12 | #4 | 145 | NSF check | $ 95 | 180 | |
May 28 | #5 | 65 | 115 | |||
May 30 | #6 | 60 | 380 | 435 | ||
May 31 | #8 | 100 | Service charge | 50 | 285 |
Cash (A) | |||
---|---|---|---|
Debit | Credit | ||
May 1 | 380 | ||
May 3 | 95 | 55 | May 3 #2 |
115 | May 4 #3 | ||
145 | May 8 #4 | ||
65 | May 11 #5 | ||
60 | May 21 #6 | ||
May 29 | 380 | 70 | May 29 #7 |
May 30 | 240 | 100 | May 30 #8 |
May 31 | 485 |
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