On March 31 of the current year, Fresh Flowers received a bank statement dated March 30. Prepare a bank statement reconciliation. Use Mar. 31 of the current year as the date. The following information is obtained from the March 30 bank statement and from the records of the business.
On March 31 of the current year, Fresh Flowers received a bank statement dated March 30. Prepare a bank statement reconciliation. Use Mar. 31 of the current year as the date. The following information is obtained from the March 30 bank statement and from the records of the business.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5EB: The bank reconciliation shows the following adjustments. Deposits in transit: $526 Outstanding...
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Question
On March 31 of the current year, Fresh Flowers received a bank statement dated March 30. Prepare a
Transcribed Image Text:Bank reconciliation data
Journal
Bank statement balance
$3,658.00
Bank service charge
30.00
Outstanding deposit, Mar. 31
700.00
Outstanding checks:
No. 224
No. 225
Checkbook balance on Check Stub No. 226
3,603.00
Transcribed Image Text:On March 31 of the current year, Fresh Flowers received a bank statement dated March 30. Prepare a bank statement reconciliation. Use Mar. 31 of
the current year as the date. The following information is obtained from the March 30 bank statement and from the records of the business.
RECONCILIATION OF BANK STATEMENT
Mar, 31
,20--
Balance on Check Stub
No.
226
$
3,603.00
Balance on Bank Statement
$
DEDUCT BANK CHARGES:
ADD OUTSTANDING DEPOSITS:
Description
Amount
Date
Amount
|- $
--
Total bank charges
Total outstanding deposits
SUBTOTAL
DEDUCT OUTSTANDING CHECKS:
Check No.
Amount
Total outstanding checks
$
Adjusted Check Stub Balance
Adjusted Bank Balance
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