Homework Help is Here – Start Your Trial Now!
Business
Accounting
Prepare a bank reconciliation using the following information:        Balance per Bank – 1/31    $4,250        Balance per Book – 1/31    $2,875        Bank service change             $150        Outstanding checks            $3,150        NSF Check                         $1,200        Deposit in transit                   $500        Interest income                       $75

Prepare a bank reconciliation using the following information:        Balance per Bank – 1/31    $4,250        Balance per Book – 1/31    $2,875        Bank service change             $150        Outstanding checks            $3,150        NSF Check                         $1,200        Deposit in transit                   $500        Interest income                       $75

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5EA: The bank reconciliation shows the following adjustments: Deposits in transit: $1,234 Outstanding...
See similar textbooks
icon
Related questions
Question

Prepare a bank reconciliation using the following information:

       Balance per Bank – 1/31    $4,250

       Balance per Book – 1/31    $2,875

       Bank service change             $150

       Outstanding checks            $3,150

       NSF Check                         $1,200

       Deposit in transit                   $500

       Interest income                       $75

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Bank reconciliation statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Corporate Financial Accounting
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS