Use the information in M5-10 to identify outstanding deposits that should be included in the May 31
Question:
Use the information in M5-10 to identify outstanding deposits that should be included in the May 31 bank reconciliation.
Data From M5-10
Use the following bank statement and T-account to identify outstanding checks that should be included in the May 31 bank reconciliation.
Transcribed Image Text:
BANK STATEMENT Date Checks Deposits Other Balance May 1 $200 4 #2 $ 10 $ 50 240 12 #4 100 NSF Check $50 90 28 #5 20 70 30 #6 15 200 255 May 31 #8 55 Service charge 5 195 Cash (A) May 1 May 3 200 May 3 #2 May 4 #3 May 8 #4 May 11 #5 May 21 #6 May 29 #7 May 30 #8 50 10 70 100 20 15 May 29 May 30 200 25 150 55 May 31 305
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Related Book For
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
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