How do I prepare the bank reconciliation for the following,March 31, 2012.
a. The bank statement balance is $4,000
b. The cash account balance is $3,000
c. The Outstanding checks total $1,500
d. Deposits in transit are $500
e. The bank service charge is $20
f. Interest reported on the bank statement was $10
g. A check for $10 was recorded as $100 in the ledger
h. A NSF for $80 was returned with the statement. We did notknow about this until it came in the bank statement.
How do I prepare the bank reconciliation for the following,March 31, 2012.
a. The bank statement balance is $4,000
b. The cash account balance is $3,000
c. The Outstanding checks total $1,500
d. Deposits in transit are $500
e. The bank service charge is $20
f. Interest reported on the bank statement was $10
g. A check for $10 was recorded as $100 in the ledger
h. A NSF for $80 was returned with the statement. We did notknow about this until it came in the bank statement.
Related questions
The balance in Happ, Inc.âs general ledger Cash account was$14,300 at September 30, before reconciliation. The September 30balance shown in the bank statement was $12,830. Reconciling itemsincluded deposits in transit, $1,370; bank service charges, $155;NSF check written by a customer and returned with the bankstatement, $620; outstanding checks, $550; and interest credited tothe account during September but not recorded on the companyâsbooks, $125.
Required:
Prepare a bank reconciliation as of September 30 for Happ,Inc.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
