Using the following information, prepare a bank reconciliation. Bank balance: $6,888 Book balance: $6,650 Deposits in transit: $1,784 Outstanding checks: $569 and $1,423 Bank charges: $75 Bank incorrectly charged the account $75. The bank will correct the error next month. Check number 2456 correctly cleared the bank in the amount of $137 but posted in the accounting records as $317. This check was expensed to Utilities Expense. Bank Reconciliation Bank Statement Balance at (date) $fill in the blank 1 Add: fill in the blank 3 fill in the blank 5 Less: fill in the blank 7 Adjusted Bank Balance $fill in the blank 8 Book Balance at (date) $fill in the blank 9 Add: fill in the blank 11 Less: fill in the blank 13 Adjusted Book Balance $fill in the blank 14
Using the following information, prepare a bank reconciliation. Bank balance: $6,888 Book balance: $6,650 Deposits in transit: $1,784 Outstanding checks: $569 and $1,423 Bank charges: $75 Bank incorrectly charged the account $75. The bank will correct the error next month. Check number 2456 correctly cleared the bank in the amount of $137 but posted in the accounting records as $317. This check was expensed to Utilities Expense. Bank Reconciliation Bank Statement Balance at (date) $fill in the blank 1 Add: fill in the blank 3 fill in the blank 5 Less: fill in the blank 7 Adjusted Bank Balance $fill in the blank 8 Book Balance at (date) $fill in the blank 9 Add: fill in the blank 11 Less: fill in the blank 13 Adjusted Book Balance $fill in the blank 14
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EA: Using the following information, prepare a bank reconciliation. Bank balance: $6,988 Book balance:...
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Using the following information, prepare a bank reconciliation.
- Bank balance: $6,888
- Book balance: $6,650
- Deposits in transit: $1,784
- Outstanding checks: $569 and $1,423
- Bank charges: $75
- Bank incorrectly charged the account $75. The bank will correct the error next month.
- Check number 2456 correctly cleared the bank in the amount of $137 but posted in the accounting records as $317. This check was expensed to Utilities Expense.
Bank Reconciliation Bank Statement Balance at (date) $fill in the blank 1 Add: fill in the blank 3 fill in the blank 5 Less: fill in the blank 7 Adjusted Bank Balance $fill in the blank 8 Book Balance at (date) $fill in the blank 9 Add: fill in the blank 11 Less: fill in the blank 13 Adjusted Book Balance $fill in the blank 14
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