Tyler, Inc. had the following bank reconciliation at March 31.2011: €37,200 10.300 47,500 12.600 €34.900 Balance per bank statement, 3/31/11 Add: Deposit in transit Less: Outstanding checks Balance per books, 3/31/11

Tyler, Inc. had the following bank reconciliation at March 31.2011: €37,200 10.300 47,500 12.600 €34.900 Balance per bank statement, 3/31/11 Add: Deposit in transit Less: Outstanding checks Balance per books, 3/31/11

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 3E

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

Tyler, Inc. had the following bank reconciliation at March 31.2011:
€37,200
10.300
47,500
12.600
€34.900
Balance per bank statement, 3/31/11
Add: Deposit in transit
Less: Outstanding checks
Balance per books, 3/31/11

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