V. Davis Company's June bank reconciliation includes the following data: a. June 30 end-of-month bank statement...

 

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V. Davis Company's June bank reconciliation includes the following data: a. June 30 end-of-month bank statement balance: $7,000. b. June 30 end-of-month Cash account balance: $6,250. c. May 31 deposit in transit recorded on the June bank statement: $700. d. June 30 deposit in transit: $500. e. May 31 check outstanding deducted on the June bank statement: $450. f. May 31 outstanding checks not deducted on the June bank state- ment: $150. g. Checks issued by Davis in June but outstanding as of June 30: $800. h. Service charge recorded on the June bank statement: $40. i. Interest earned on checking account average balance per June bank statement: $15. j. NSF check from G. Slack Co.: $320. k. Note collected by bank for Davis and recorded on the bank state- ment: $600. 1. Canceled check for $205 was credited to Cash as $250. 1. Prepare Davis's June bank reconciliation. 2. Give all required journal entries to correct any errors.. V. Davis Company's June bank reconciliation includes the following data: a. June 30 end-of-month bank statement balance: $7,000. b. June 30 end-of-month Cash account balance: $6,250. c. May 31 deposit in transit recorded on the June bank statement: $700. d. June 30 deposit in transit: $500. e. May 31 check outstanding deducted on the June bank statement: $450. f. May 31 outstanding checks not deducted on the June bank state- ment: $150. g. Checks issued by Davis in June but outstanding as of June 30: $800. h. Service charge recorded on the June bank statement: $40. i. Interest earned on checking account average balance per June bank statement: $15. j. NSF check from G. Slack Co.: $320. k. Note collected by bank for Davis and recorded on the bank state- ment: $600. 1. Canceled check for $205 was credited to Cash as $250. 1. Prepare Davis's June bank reconciliation. 2. Give all required journal entries to correct any errors..

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1 June bank reconciliation for Davis Company Items in Bank StatementAmount Items in Companys BooksAm... View the full answer