Anna Pelo is unable to reconcile the bank balance at January 31.Annas reconciliation is as follows. Cash
Question:
Cash balance per bank....... $3,560.20
Add: NSF check............ 690.00
Less: Bank service charge....... 25.00
Adjusted balance per bank..... $4,225.20
Cash balance per books....... $3,875.20
Less: Deposits in transit...... 530.00
Add: Outstanding checks...... 930.00
Adjusted balance per books..... $4,275.20
Instructions
(a) Prepare a correct bank reconciliation.
(b) Journalize the entries required by the reconciliation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a Cash balance per bank statement 356020 Add Deposits in transit 53000 409020 ...View the full answer
Answered By
Ajeet Singh
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life.
I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge.
I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields.
Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a teacher. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
7+ Reviews
15+ Question Solved
Related Book For 
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
