William Brown is unable to reconcile the bank balance at January 31. William's reconciliation is as...

 

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William Brown is unable to reconcile the bank balance at January 31. William's reconciliation is as follows. Cash balance per bank Add: NSF cheque $3,060.06 490.09 Less: Bank service charge 27.07 Adjusted balance per bank $3,523.08 Cash $3.317.16 Less: Deposits in transit 500.00 Add: Outstanding cheques 760.06 Adjusted balance per books $3,577.22 (a) Prepare a correct bank reconciliation. (List items that increase balance as per bank & books first.) William Brown is unable to reconcile the bank balance at January 31. William's reconciliation is as follows. Cash balance per bank Add: NSF cheque $3,060.06 490.09 Less: Bank service charge 27.07 Adjusted balance per bank $3,523.08 Cash $3.317.16 Less: Deposits in transit 500.00 Add: Outstanding cheques 760.06 Adjusted balance per books $3,577.22 (a) Prepare a correct bank reconciliation. (List items that increase balance as per bank & books first.)