bank reconcilation

Project Description:

bank reconciliation

on may 2 ,2014 a client called you frantically because he just got a call from the bank manager stating the company bounced numerous checks. yhe client suspects that the new manager is stealing. you decide to do a bank reconciliation for april 2014 .upon cpmpletion the client calls and tells you he just found the deposit in the saf fro two weeks ago that he recorded in his records forgot to bring to bank




cash balance cpmany records( includes desposit in safe ) $1075
cash bal april 2044 bank statement (500)
deposits in transit( does not include deposit in safe 3,000
checks outstanding 4,500
bank service charge 50
nsf checks from customers 500
customer note($1,000 face valve) collected by bank 1,200


additional information

chech # 1075 ( a paymnet to staples) cleared the bank in the correct amount of $75 ,, but the company recorded the payment as $57 in the journal

a deposit in the amount of $606 was incorrectly recorded by the bank as $660


a..... please compute the adjusted cash flow balance for the bank statement.


b...... what is the amount of the deposit thatb he client found in the safe
Skills Required:
Project Stats:

Price Type: Negotiable

Completed
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