Question

Slacks.com received a bank statement from Italian Bank indicating a bank balance of $7,600. Based on Slacks.com’s check stubs, the ending checkbook balance was $8,767. Your task is to prepare a bank reconciliation for Slacks. com as of July 31, 201X, from the following information (journalize entries as needed):
a. Checks outstanding: no. 122, $810; no. 130, $690.
b. Deposits in transit, $2,400.
c. Slacks.com forgot to record a $1,260 equipment purchase made with
a debit card.
d. Bank service charges, $40.
e. Italian Bank collected a note for Slacks.com, $1,040, less a $7 collection fee.



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  • CreatedApril 24, 2014
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