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The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30. Balance per bank statement   $5,327 Balance per books as of June 30   9,265 Outstanding checks:        #1007 $  241      #1008 67      #1009 597   Deposits in transit 229     4,111   Bank service charges 98   NSF check 412   Credit memo for interest earned 16   Error: Check written and recorded by bank as $454 was subtracted from the checkbook as $445. The check was used to pay the telephone bill. Required:

The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30. Balance per bank statement   $5,327 Balance per books as of June 30   9,265 Outstanding checks:        #1007 $  241      #1008 67      #1009 597   Deposits in transit 229     4,111   Bank service charges 98   NSF check 412   Credit memo for interest earned 16   Error: Check written and recorded by bank as $454 was subtracted from the checkbook as $445. The check was used to pay the telephone bill. Required:

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.4E
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The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30.

Balance per bank statement  

$5,327
Balance per books as of June 30  

9,265
Outstanding checks:    
   #1007

$  241

  
   #1008

67

  
   #1009

597

  
Deposits in transit

229

  
 

4,111

  
Bank service charges

98

  
NSF check

412

  
Credit memo for interest earned

16

  

Error: Check written and recorded by bank as $454 was subtracted from the checkbook as $445. The check was used to pay the telephone bill.

Required:

Prepare a bank reconciliation as of June 30. Doug's Sky Diving Supply Store Bank Reconciliation June 30, 20-- Bank statement balance Adjusted bank balance Book balance
Transcribed Image Text:Prepare a bank reconciliation as of June 30. Doug's Sky Diving Supply Store Bank Reconciliation June 30, 20-- Bank statement balance Adjusted bank balance Book balance
Adjusted book balance
Transcribed Image Text:Adjusted book balance
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