The following bank account must be reconciled. You have discovered the following data. 1. Beginning book balance
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The following bank account must be reconciled. You have discovered the following data.
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1. Beginning book balance is $2,000 2. Ending book balance is $5,000 3. Total deposits made is $50,000 4. Total checks written is $47,000 5. Bank charges are $100 6. Debit memo is $1000 7. Credit memo is $500 8. Deposit in transit is $4,000 9. Checks that are outstanding are: Number Amount 958 $200 959 150 962 300 965 450 972 200 973 500 974 500 10. The bank balance is $2,800.
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This is known as a bank reconciliation to books Beginning book balan...View the full answer
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Related Book For
Financial Investigation And Forensic Accounting
ISBN: 9780367864347
3rd Edition
Authors: George A Manning
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