Question

MiThai’s new accounting clerk could not get the bank reconciliation balanced. She needs your help and has provided you with her bank reconciliation and all the information she used to prepare the bank reconciliation:
Additional Information:
1. The July 31st bank statement showed a cash balance of $7,610, EFT collection of $1,200, interest charges of $24, bank service charges of $16, NSF cheque of $1,735, and NSF fee of $15.
2. The book ledger showed a cash balance of $8,620. In addition, the book records showed that both cheque #125 for the amount of $1,680 and a deposit of $2,100 were not included in the bank statement.
Requirement
Prepare MiThai’s bank reconciliation on July 31. What is the reconciled book balance?


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  • CreatedJuly 08, 2015
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