Question

The following data were accumulated for use in reconciling the bank account of Ross Co. for March 20Y9:
a. Cash balance according to the company’s records at March 31, $29,945.
b. Cash balance according to the bank statement at March 31, $29,200.
c. Checks outstanding, $11,600.
d. Deposit in transit, not recorded by bank, $12,400.
e. A check for $240 in payment of an account was erroneously recorded by Ross Co. as $420.
f. Bank debit memo for service charges, $125.
Prepare a bank reconciliation, using the format shown in Exhibit 6.



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  • CreatedMarch 11, 2014
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