Prepare a bank reconciliation at December 31 for Sandra Warrens Smoothies using the following information: Companys cash
Question:
Prepare a bank reconciliation at December 31 for Sandra Warren’s Smoothies using the following information:
Company’s cash account balance, December 31 ...... $6,275.34
Bank statement ending balance, December 31 .......4,607.51
Deposits in transit ..................2,504.57
Outstanding checks:
4431 ....................... 581.62
4432 ....................... 246.12
Sandra found an error in the books: Check 4429 for $123.75 was correctly deducted from the bank account, but was mistakenly recorded in the books as $132.75.
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Balance per bank 460751 Add Deposits in transit 250457 Subtract Out...View the full answer
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Related Book For 
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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