Question

The November cash records of Stenback, Inc. follow:
Stenback’s Cash account shows the balance of $6,172 on November 30. On November 30, Stenback received the following bank statement:
Additional data for the bank reconciliation:
a. The EFT deposit was a receipt of rent revenue. The EFT debit was payment of insurance expense.
b. The NSF cheque was received from a customer.
c. The $1,800 bank collection was for a note receivable.
d. The correct amount of cheque 1419 is $214. Stenback, Inc. mistakenly recorded the cheque for $124.
Requirement
Prepare Stenback’s bank reconciliation on November 30.


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  • CreatedJuly 08, 2015
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