Use the following information, prepare a bank reconciliation for Cole Co. for May 31 of the current year a) The bank statement balance is $3,012. b) The cash account balance is $3,165. c) Outstanding checks amounted to $590. d) Deposits in transit are $704. e) Bank service charges for May amounted to $30. f) A check for $76 for supplies was recorded as $67 in the ledger. Cole Co. Bank Reconcialtion May 31st Cash Balance as per cash book 3165 Less Outstanding Checks 590 Add Depost in transit -704 Less Bank Service Charge -30 Less Check Issued erroneously understated (76-67) -9 Balance as per Bank 3012
Use the following information, prepare a bank reconciliation for Cole Co. for May 31 of the current year a) The bank statement balance is $3,012. b) The cash account balance is $3,165. c) Outstanding checks amounted to $590. d) Deposits in transit are $704. e) Bank service charges for May amounted to $30. f) A check for $76 for supplies was recorded as $67 in the ledger. Cole Co. Bank Reconcialtion May 31st Cash Balance as per cash book 3165 Less Outstanding Checks 590 Add Depost in transit -704 Less Bank Service Charge -30 Less Check Issued erroneously understated (76-67) -9 Balance as per Bank 3012
Related questions
Bank Reconciliation
From the following, construct a bank reconciliation for CapitalCo. as of September 30, 201X.
| Checkbook balance | $1,855.80 |
| Bank statement balance | 1975.40 |
| Deposits in transit | 271.20 |
| Outstanding checks | 461.50 |
| Bank service charge | 10.90 |
| NSF check | 59.80 |
DON'T use commas or dollar signs but DO use 2 decimals.
| Captial Co. | ||||
| Bank Reconciliation asof September 30, 201X | ||||
| CHECKBOOK BALANCE | BALANCE PER BANK | |||
| Checkbook Balance | Balance per Bank | |||
| Add: | Add: | |||
| Subtotal | Subtotal | |||
| Deduct: | Deduct: | |||
| ReconciledBalance | ReconciledBalance | |||
