Question

The cash account for Fleming Company contains the following information for April:
The bank statement for April contains the following information:
Required:
Assuming there were no deposits in transit at March 31 and that all outstanding checks at March 31 cleared during April, do the following:
1. Identify the outstanding checks at April 30.
2. Prepare the reconciliation of the bank and cash account balances at April 30.
3. Identify the outstanding checks at March 31.
4. Prepare the reconciliation of the bank and cash account balances at March 31.
5. Why could you not perform the bank reconciliations without knowing that there were no deposits in transit on March 31 and that all outstanding checks at March 31 cleared during April?


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  • CreatedSeptember 22, 2015
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