Prepare a bank reconciliation using the following information: Company ledger shows a balance of 1,669.72 The bank statement shows a balance of 2,031.55 There is an outstanding deposit of 527.38 Outstanding checks total 949.47 The bank shows 40.80 deducted for a check but the check was for 40.08 During the month a customer stopped payment on a check for 182.64 The bank collected a note for us in the amount of 155. The bank charged us 2.90 Interest deducted by the bank was 20 The bookkeeper recorded a check for 321.92. The correct amount was 312.92

Prepare a bank reconciliation using the following information: Company ledger shows a balance of 1,669.72 The bank statement shows a balance of 2,031.55 There is an outstanding deposit of 527.38 Outstanding checks total 949.47 The bank shows 40.80 deducted for a check but the check was for 40.08 During the month a customer stopped payment on a check for 182.64 The bank collected a note for us in the amount of 155. The bank charged us 2.90 Interest deducted by the bank was 20 The bookkeeper recorded a check for 321.92. The correct amount was 312.92

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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