From the following bank statement, please (1) complete the bank reconciliation for Tony?s Deli found on the

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From the following bank statement, please (1) complete the bank reconciliation for Tony?s Deli found on the reverse of the following bank statement and (2) journalize the appropriate entries as needed.

1. A deposit of $2,000 is in transit.

2. Tony?s Deli has an ending checkbook balance of $5,760.

3. Checks outstanding: no. 111, $950; no. 119, $1,250; no. 121, $330.

4. Bob Ryan?s check for $100 bounced due to lack of sufficient funds.

5. Bank service charge $30.

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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