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Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance: $2,547 Deposits in transit: $321 Outstanding checks: $108 and $334 Bank charges: $25 Notes receivable: $1,000; interest: $35   Bank Statement Balance at (date)       Book Balance at (date)       Prepare the journal entry to reconcile the bank statement

Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance: $2,547 Deposits in transit: $321 Outstanding checks: $108 and $334 Bank charges: $25 Notes receivable: $1,000; interest: $35   Bank Statement Balance at (date)       Book Balance at (date)       Prepare the journal entry to reconcile the bank statement

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 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...
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  1. Using the following information, prepare a bank reconciliation.
  • Bank balance: $3,678
  • Book balance: $2,547
  • Deposits in transit: $321
  • Outstanding checks: $108 and $334
  • Bank charges: $25
  • Notes receivable: $1,000; interest: $35

 

Bank Statement Balance at (date)

 

 

 

Book Balance at (date)

 

 

 

Prepare the journal entry to reconcile the bank statement

 

 

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