Question

The Cash account of Vincente Corp. reported a balance of $3,640 at August 31. Included were outstanding checks totaling $800 and an August 31 deposit of $300 that did not appear on the bank statement. The bank statement, which came from Tri State Bank, listed an August 31 balance of $4,775. Included in the bank balance was an August 30 collection of $685 on account from a customer who pays the bank directly. The bank statement also shows a $15 service charge, $20 of interest revenue that Vincente earned on its bank balance, and an NSF check for $55.
Prepare a bank reconciliation to determine how much cash Vincente actually has at August 31.



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  • CreatedJuly 25, 2014
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