MiThais new accounting clerk could not get the bank reconciliation balanced. She needs your help and has
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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 MiThais bank reconciliation on July 31. What is the reconciled book balance?
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Related Book For
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
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